Albany International Corp. (NYSE:AIN) has earned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Analysts have set a 12 month consensus price objective of $64.00 for the company and are anticipating that the company will post $0.65 earnings per share for the current quarter, according to Zacks. Zacks has also given Albany International an industry rank of 248 out of 255 based on the ratings given to its competitors.

AIN has been the topic of a number of recent analyst reports. Stephens restated a “hold” rating on shares of Albany International in a research report on Thursday, August 16th. ValuEngine downgraded shares of Albany International from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Noble Financial restated a “hold” rating on shares of Albany International in a research report on Wednesday, August 8th. Finally, Zacks Investment Research upgraded shares of Albany International from a “sell” rating to a “hold” rating in a research report on Monday, August 6th.

In other Albany International news, VP Dawne H. Wimbrow sold 900 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $75.90, for a total transaction of $68,310.00. Following the sale, the vice president now directly owns 300 shares in the company, valued at approximately $22,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.75% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Albany International by 8.5% in the 2nd quarter. BlackRock Inc. now owns 3,986,614 shares of the textile maker’s stock worth $239,795,000 after purchasing an additional 311,334 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Albany International by 0.4% in the 2nd quarter. Earnest Partners LLC now owns 1,451,418 shares of the textile maker’s stock worth $87,303,000 after purchasing an additional 6,038 shares in the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Albany International by 20.8% in the 1st quarter. Westwood Holdings Group Inc. now owns 939,145 shares of the textile maker’s stock worth $58,885,000 after purchasing an additional 161,424 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Albany International by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 603,989 shares of the textile maker’s stock worth $37,871,000 after purchasing an additional 18,573 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Albany International by 4.5% in the 1st quarter. Loomis Sayles & Co. L P now owns 531,321 shares of the textile maker’s stock worth $33,314,000 after purchasing an additional 22,886 shares in the last quarter. Institutional investors and hedge funds own 90.65% of the company’s stock.

Albany International stock remained flat at $$76.95 during midday trading on Wednesday. 210,280 shares of the company’s stock were exchanged, compared to its average volume of 182,279. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.99 and a quick ratio of 2.49. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 47.80 and a beta of 1.67. Albany International has a 52-week low of $51.30 and a 52-week high of $78.90.

Albany International (NYSE:AIN) last posted its earnings results on Monday, August 6th. The textile maker reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. The firm had revenue of $256.23 million during the quarter, compared to analyst estimates of $233.50 million. Albany International had a net margin of 6.38% and a return on equity of 13.03%. During the same period in the previous year, the business posted $0.48 EPS. research analysts anticipate that Albany International will post 2.33 earnings per share for the current year.

Albany International Company Profile

Albany International Corp. engages in textile and materials processing businesses worldwide. The company operates through two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing. This segment offers forming, pressing, dryer fabrics, and process belts.

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