Albany International (AIN) Earns Hold Rating from Analysts at Noble Financial

Noble Financial started coverage on shares of Albany International (NYSE:AIN) in a report released on Tuesday. The firm issued a hold rating on the textile maker’s stock.

Albany International (AIN) traded up $1.30 during midday trading on Tuesday, reaching $63.30. 75,000 shares of the company’s stock traded hands, compared to its average volume of 119,162. The company has a quick ratio of 1.76, a current ratio of 2.49 and a debt-to-equity ratio of 0.80. Albany International has a one year low of $43.45 and a one year high of $65.65. The firm has a market capitalization of $2,010.00, a P/E ratio of 47.59 and a beta of 1.73.

Albany International (NYSE:AIN) last announced its earnings results on Monday, October 30th. The textile maker reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.15. Albany International had a net margin of 5.06% and a return on equity of 9.24%. The business had revenue of $222.14 million during the quarter. During the same period in the previous year, the company posted $0.41 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 8th. Stockholders of record on Tuesday, December 26th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.07%. Albany International’s payout ratio is 51.13%.

Several large investors have recently made changes to their positions in AIN. Riverhead Capital Management LLC raised its holdings in shares of Albany International by 71.3% in the second quarter. Riverhead Capital Management LLC now owns 2,398 shares of the textile maker’s stock valued at $128,000 after buying an additional 998 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of Albany International by 72.2% in the second quarter. Flinton Capital Management LLC now owns 2,604 shares of the textile maker’s stock valued at $139,000 after buying an additional 1,092 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Albany International in the third quarter valued at about $202,000. Amalgamated Bank purchased a new stake in shares of Albany International in the second quarter valued at about $214,000. Finally, Miles Capital Inc. purchased a new stake in shares of Albany International in the second quarter valued at about $229,000. 90.65% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Albany International (AIN) Earns Hold Rating from Analysts at Noble Financial” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2018/01/12/albany-international-ain-earns-hold-rating-from-analysts-at-noble-financial.html.

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.

Receive News & Ratings for Albany International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albany International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply