Posted by admin on Jun 29th, 2022
StockNews.com downgraded shares of Albany International (NYSE:AIN – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
AIN stock opened at $78.46 on Tuesday. The company has a fifty day moving average of $81.39 and a 200-day moving average of $84.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 3.73 and a current ratio of 4.43. The stock has a market capitalization of $2.47 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 4.41 and a beta of 1.29. Albany International has a one year low of $74.17 and a one year high of $91.53.
Albany International (NYSE:AIN – Get Rating) last announced its quarterly earnings results on Monday, April 25th. The textile maker reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.18. The business had revenue of $244.17 million during the quarter, compared to the consensus estimate of $225.57 million. Albany International had a net margin of 12.47% and a return on equity of 13.36%. During the same quarter last year, the firm posted $0.87 EPS. Equities analysts forecast that Albany International will post 3.15 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 8th. Shareholders of record on Tuesday, June 7th will be issued a dividend of $0.21 per share. The ex-dividend date is Monday, June 6th. This represents a $0.84 annualized dividend and a yield of 1.07%. Albany International’s dividend payout ratio (DPR) is currently 22.89%.
Large investors have recently bought and sold shares of the business. Confluence Wealth Services Inc. purchased a new stake in shares of Albany International during the fourth quarter worth about $27,000. US Asset Management LLC purchased a new stake in shares of Albany International during the first quarter worth about $71,000. Captrust Financial Advisors grew its holdings in shares of Albany International by 89.0% during the first quarter. Captrust Financial Advisors now owns 1,380 shares of the textile maker’s stock worth $117,000 after buying an additional 650 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Albany International during the first quarter worth about $185,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Albany International during the fourth quarter worth about $219,000. Hedge funds and other institutional investors own 99.64% of the company’s stock.
About Albany International (Get Rating)
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing 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 manufacturing of papers, paperboards, tissues, and towels.
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