Analysts set Albany International Corp. (NYSE:AIN) PT at $95.50

Albany International Corp. (NYSE:AIN – Get Free Report ) has received a consensus rating of “Hold” from the four ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $95.50.

A number of analysts recently commented on AIN shares. Bank of America dropped their price objective on Albany International from $95.00 to $90.00 and set an “underperform” rating for the company in a report on Wednesday, May 29th. Truist Financial reduced their price objective on Albany International from $104.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, StockNews.com raised Albany International from a “hold” rating to a “buy” rating in a research note on Thursday, August 15th.

Read the latest stock report on Albany International

Albany International stock fell 1.7%

Shares of NYSE:AIN opened at $87.01 on Thursday. The company has a current ratio of 3.59, a quick ratio of 2.87, and a debt-to-equity ratio of 0.38. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.36 and a beta of 1.26. The stock’s 50-day moving average is $89.08, and its two-hundred-day moving average is $88.42. Albany International has a 12-month low of $78.20 and a 12-month high of $99.41.

Albany International (NYSE:AIN – Get Free Report ) last posted its earnings results on Tuesday, August 6th. The textile maker reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). Albany International had a return on equity of 13.13% and a net margin of 8.76%. The company had revenue of $331.99 million during the quarter, compared to analyst estimates of $318.17 million. In the same period last year, the company posted earnings of $0.90 per share. Albany International’s revenue was up 21.1% year over year. On average, research analysts anticipate that Albany International will post 3.71 EPS for the current year.

Albany International announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Tuesday, September 3rd will be given a $0.26 dividend. This represents an annualized dividend of $1.04 and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, September 3rd. Albany International’s dividend payout ratio (DPR) is currently 29.21%.

Hedge funds influence Albany International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Albany International in the second quarter valued at about $1,182,000. Sanctuary Advisors LLC acquired a new stake in shares of Albany International during the second quarter valued at $1,322,000. Point72 Asset Management LP raised its stake in Albany International by 119.2% in the 2nd quarter. Point72 Asset Management LP now owns 5,700 shares of the textile maker’s stock worth $481,000 after buying an additional 3,100 shares. actions during that period. Creative Planning boosted its holdings in Albany International by 3.0% in the second quarter. Creative Planning now owns 5,018 shares of the textile maker’s stock worth $424,000 after purchasing an additional 147 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Albany International in the second quarter valued at about $494,000. 97.37% of shares are owned by institutional investors and hedge funds.

About Albany International

(Get a free report

Albany International Corp., together with its subsidiaries, is engaged in the automotive apparel and engineered composites business. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures and markets paper machine clothing for use in the manufacture of paper, paperboard, tissues, towels, pulp, nonwovens, construction products, tannery and textiles, as well as fiber cement and several other industrial applications.

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