Albany International Corp. (AIN) Given Average Recommendation of “Hold” by Analysts
Shares of Albany International Corp. (NYSE:AIN) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Zacks has also assigned Albany International an industry rank of 134 out of 265 based on the ratings given to its competitors.
Separately, Noble Financial assumed coverage on shares of Albany International in a research report on Tuesday, January 9th. They set a “hold” rating on the stock.
Albany International (NYSE:AIN) last issued its earnings results on Monday, February 5th. The textile maker reported $0.43 EPS for the quarter, topping the consensus estimate of $0.42 by $0.01. The company had revenue of $226.73 million for the quarter, compared to the consensus estimate of $219.00 million. Albany International had a net margin of 3.58% and a return on equity of 9.44%. analysts anticipate that Albany International will post 2.04 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its position in Albany International by 0.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,376 shares of the textile maker’s stock valued at $1,194,000 after purchasing an additional 129 shares during the period. Louisiana State Employees Retirement System increased its position in Albany International by 6.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the textile maker’s stock valued at $768,000 after purchasing an additional 800 shares during the period. Flinton Capital Management LLC increased its position in Albany International by 27.8% during the 4th quarter. Flinton Capital Management LLC now owns 3,864 shares of the textile maker’s stock valued at $237,000 after purchasing an additional 840 shares during the period. Teachers Advisors LLC increased its position in Albany International by 1.8% during the 4th quarter. Teachers Advisors LLC now owns 52,024 shares of the textile maker’s stock valued at $3,197,000 after purchasing an additional 943 shares during the period. Finally, Rhumbline Advisers increased its position in Albany International by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 65,201 shares of the textile maker’s stock valued at $3,743,000 after purchasing an additional 1,116 shares during the period. 90.15% of the stock is currently owned by institutional investors and hedge funds.
Albany International Company Profile
Albany International Corp. is focused on textiles and materials processing business. The Company operates through two segments: Machine Clothing and Albany Engineered Composites. The Company’s Machine Clothing segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, nonwovens, fiber cement and various other industrial applications.
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