AIN - Albany International Corp Stock Price, Fair Value and News

90.20USD+0.11 (+0.12%)Market Closed

Market Summary

USD90.20+0.11

Market Closed

0.12%

AIN Alerts

2 major insider buys recently.

AIN Stock Price

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AIN RSI Chart

AIN Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

25.22

Price/Sales (Trailing)

2.36

EV/EBITDA

13.97

Price/Free Cashflow

35.22

AIN Price/Sales (Trailing)

AIN Profitability

EBT Margin

13.54%

Return on Equity

11.53%

Return on Assets

6.21%

Free Cashflow Yield

2.84%

AIN Fundamentals

AIN Revenue

Revenue (TTM)

1.2B

Rev. Growth (Yr)

16.44%

Rev. Growth (Qtr)

-3.17%

AIN Earnings

Earnings (TTM)

111.6M

Earnings Growth (Yr)

1.5%

Earnings Growth (Qtr)

-10.15%

Breaking Down AIN Revenue

Last 7 days

1.5%

Last 30 days

2.6%

Last 90 days

-4.0%

Trailing 12 Months

-0.9%

How does AIN drawdown profile look like?

AIN Financial Health

Current Ratio

3.99

Debt/Equity

0.45

Debt/Cashflow

0.4

AIN Investor Care

Dividend Yield

1.13%

Dividend/Share (TTM)

1.02

Shares Dilution (1Y)

0.22%

Diluted EPS (TTM)

3.56

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	1.2B	0	0	0
2023	1.1B	1.1B	1.1B	1.1B
2022	951.0M	977.9M	1.0B	1.0B
2021	887.2M	895.7M	916.2M	929.2M
2020	1.0B	990.6M	931.5M	900.6M
2019	1.0B	1.0B	1.0B	1.1B
2018	888.0M	927.8M	957.6M	982.5M
2017	806.8M	819.2M	850.0M	863.7M
2016	700.9M	731.8M	744.3M	779.8M
2015	746.3M	725.1M	724.0M	709.9M
2014	751.0M	746.5M	743.3M	745.3M
2013	767.5M	773.6M	762.1M	757.4M
2012	767.5M	769.7M	764.0M	760.9M
2011	768.5M	772.6M	786.3M	787.4M
2010	737.3M	740.8M	740.7M	743.0M
2009	0	0	0	737.7M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

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Tracking the Latest Insider Buys and Sells of Albany International Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 03, 2024	kleveland gunnar	bought	105,854	84.6833	1,250	president and ceo
May 03, 2024	starr robert d.	bought	84,440	84.44	1,000	cfo & treasurer
Mar 01, 2024	halftermeyer daniel a	sold (taxes)	-219,234	93.85	-2,336	president, mc
Mar 01, 2024	gaug joseph m	sold (taxes)	-201,214	93.85	-2,144	vp-general counsel & secretary
Mar 01, 2024	harwell gregory n	acquired	-	-	2,417	president- aec
Mar 01, 2024	hansen robert alan	acquired	-	-	3,915	senior vice president & cto
Mar 01, 2024	gaug joseph m	acquired	-	-	2,922	vp-general counsel & secretary
Mar 01, 2024	hansen robert alan	back to issuer	-351,332	89.74	-3,915	senior vice president & cto

Which funds bought or sold AIN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.25	-316,596	2,915,920	-%
May 16, 2024	COMERICA BANK	reduced	-7.29	-219,816	1,653,830	0.01%
May 16, 2024	JANE STREET GROUP, LLC	added	7.00	13,332	727,882	-%
May 15, 2024	Brevan Howard Capital Management LP	sold off	-100	-204,396	-	-%
May 15, 2024	QUADRANT CAPITAL GROUP LLC	reduced	-8.55	-10,848	73,032	0.01%
May 15, 2024	BARCLAYS PLC	reduced	-39.25	-2,037,000	2,794,000	-%
May 15, 2024	Petrus Trust Company, LTA	new	-	492,424	492,424	0.04%
May 15, 2024	Numerai GP LLC	reduced	-35.02	-152,098	246,773	0.11%
May 15, 2024	Cetera Advisor Networks LLC	reduced	-5.62	-37,224	329,529	-%
May 15, 2024	DEERFIELD MANAGEMENT COMPANY, L.P. (SERIES C)	new	-	301,476	301,476	-%

Are Funds Buying or Selling AIN?

Are funds buying AIN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own AIN

No. of Funds

AIN Alerts

2 major insider buys recently.

Unveiling Albany International Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.28%	3,518,426	SC 13G/A
Feb 13, 2024	kayne anderson rudnick investment management llc	3.31%	1,032,504	SC 13G/A
Feb 12, 2024	earnest partners llc	8.1%	2,533,638	SC 13G/A
Jan 22, 2024	blackrock inc.	15.8%	4,919,678	SC 13G/A
Feb 14, 2023	kayne anderson rudnick investment management llc	5.52%	1,716,886	SC 13G/A
Feb 13, 2023	earnest partners llc	9.2%	2,854,183	SC 13G/A
Feb 09, 2023	vanguard group inc	11.07%	3,442,049	SC 13G/A
Jan 26, 2023	blackrock inc.	15.5%	4,828,674	SC 13G/A
Jan 20, 2023	blackrock inc.	15.5%	4,828,674	SC 13G
Feb 14, 2022	kayne anderson rudnick investment management llc	6.11%	1,978,891	SC 13G/A

Recent SEC filings of Albany International Corp

View All Filings

Date Filed	Form Type	Document
May 15, 2024	SD	SD
May 14, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 14, 2024	8-K	Current Report
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading
May 13, 2024	4	Insider Trading

Peers (Alternatives to Albany International Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TJX	113.6B	54.2B	7.69%	26.52%	25.4	2.1	8.57%	27.90%
ROST	44.4B	20.4B	-0.33%	25.59%	23.66	2.18	8.99%	23.97%
LULU	40.5B	9.6B	-2.83%	-11.52%	26.13	4.21	18.60%	81.35%
RL	11.0B	6.6B	5.42%	48.86%	18.7	1.66	2.78%	14.20%
MID-CAP
GPS	8.1B	14.9B	1.84%	166.21%	16.06	0.54	-4.66%	348.51%
PVH	6.6B	9.2B	7.84%	31.23%	9.91	0.71	2.14%	231.14%
VFC	5.0B	10.8B	4.08%	-38.61%	-6.48	0.46	-7.50%	-284.75%
FL	2.1B	8.2B	1.20%	-46.40%	-6.27	0.25	-6.75%	-196.49%
BKE	1.9B	1.3B	1.20%	9.15%	8.54	1.49	-6.25%	-13.63%
SMALL-CAP
HBI	1.8B	5.4B	6.79%	18.91%	-78.79	0.33	-10.64%	91.99%
CTRN	198.6M	747.9M	3.98%	29.08%	-16.58	0.27	-5.92%	-120.34%
LAKE	124.8M	-	7.15%	53.91%	23	1	10.49%	189.67%
CULP	54.7M	237.2M	-1.57%	-10.41%	-4.02	0.23	2.94%	58.51%
CHS	1.2M	2.1B	-	-80.00%	0.01	6e-4	-0.25%	-0.44%

Albany International Corp News

Latest updates

Albany International Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-3.2%	313	324	281	274	269	269	261	261	244	240	232	235	222	227	212	226	236	258	271	274	251
Gross Profit	-9.3%	109	120	102	103	99.00	97.00	100	101	92.00	96.00	92.00	102	89.00	91.00	87.00	103	89.00	97.00	104	105	92.00
S&GA Expenses	-19.0%	55.00	68.00	52.00	47.00	48.00	49.00	37.00	40.00	43.00	43.00	38.00	42.00	37.00	46.00	40.00	39.00	40.00	42.00	40.00	41.00	41.00
EBITDA Margin	-1.2%	0.19*	0.19*	0.20*	0.19*	0.20*	0.21*	0.22*	0.26*	0.26*	0.27*	0.26*	0.26*	0.27*	0.24*	0.25*	0.25*	0.23*	0.25*	0.24*	0.23*	0.22*
Interest Expenses	-111.0%	-3.32	30.00	-3.65	-3.11	-3.29	29.00	-3.79	-3.93	-3.61	29.00	-3.73	-4.22	-3.57	26.00	-2.24	-3.82	-3.98	33.00	-3.99	-4.63	-4.42
Income Taxes	26.1%	11.00	9.00	9.00	20.00	11.00	13.00	-3.18	14.00	11.00	11.00	13.00	13.00	10.00	4.00	10.00	15.00	12.00	10.00	13.00	14.00	7.00
Earnings Before Taxes	-2.1%	39.00	39.00	36.00	47.00	38.00	31.00	8.00	54.00	39.00	40.00	44.00	45.00	38.00	32.00	39.00	48.00	20.00	39.00	53.00	49.00	37.00
EBT Margin	-3.2%	0.14*	0.14*	0.14*	0.12*	0.12*	0.13*	0.14*	0.18*	0.18*	0.18*	0.17*	0.17*	0.18*	0.15*	0.16*	0.16*	0.16*	0.17*	0.16*	0.15*	0.14*
Net Income	-10.1%	27.00	30.00	27.00	27.00	27.00	18.00	11.00	39.00	28.00	29.00	31.00	31.00	28.00	28.00	30.00	32.00	8.00	29.00	40.00	34.00	29.00
Net Income Margin	-3.4%	0.09*	0.10*	0.09*	0.08*	0.09*	0.09*	0.11*	0.13*	0.13*	0.13*	0.13*	0.13*	0.13*	0.11*	0.11*	0.11*	0.11*	0.13*	0.12*	0.11*	0.10*
Free Cashflow	-143.7%	-17.26	40.00	45.00	12.00	-32.67	18.00	14.00	23.00	-21.11	48.00	44.00	52.00	21.00	46.00	30.00	41.00	-19.40	55.00	30.00	44.00	4.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-2.0%	1,798	1,835	1,790	1,707	1,696	1,642	1,572	1,613	1,580	1,556	1,540	1,527	1,512	1,550	1,491	1,462	1,484	1,474	1,405	1,458	1,443
Current Assets	-3.7%	845	878	856	904	889	838	809	835	789	759	752	717	704	717	681	650	660	618	600	627	612
Cash Equivalents	-27.7%	125	173	172	301	304	292	276	321	307	302	286	253	238	241	215	204	223	196	174	215	187
Inventory	-2.1%	166	170	181	151	154	139	134	134	124	118	118	121	117	110	113	116	109	95.00	106	104	102
Net PPE	-2.0%	590	602	567	452	450	446	411	419	432	436	427	438	436	449	442	443	447	466	449	458	461
Goodwill	-0.8%	179	180	177	179	179	178	173	177	181	182	184	185	184	188	184	181	179	181	162	164	163
Liabilities	-5.0%	825	868	869	791	798	775	752	791	716	678	660	659	686	730	741	756	814	772	742	807	817
Current Liabilities	-14.8%	212	249	243	181	185	211	190	188	178	208	182	176	167	191	179	177	176	203	192	197	205
Long Term Debt	-4.0%	435	453	463	487	491	439	447	485	427	350	350	350	384	398	418	435	491	424	424	482	491
LT Debt, Current	5.4%	4.00	4.00	27.00	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LT Debt, Non Current	-4.0%	435	453	463	487	491	439	447	485	427	350	350	350	384	398	418	435	491	424	424	482	491
Shareholder's Equity	0.6%	967	961	915	916	898	868	820	822	864	878	880	868	826	820	750	706	670	703	663	651	626
Retained Earnings	1.9%	1,030	1,011	989	969	950	931	921	917	884	863	841	817	792	771	750	726	700	698	675	641	613
Additional Paid-In Capital	0.2%	449	448	446	444	442	442	440	439	438	437	436	435	434	434	433	433	432	433	432	431	430
Shares Outstanding	0.0%	31.00	31.00	31.00	31.00	31.00	31.00	31.00	31.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00	32.00
Minority Interest	2.1%	6.00	6.00	7.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	3.00	3.00	3.00	4.00	4.00	3.00	3.00
Float	-	-	-	-	2,900	-	-	-	2,400	-	-	-	2,700	-	-	-	1,800	-	-	-	2,500	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-87.1%	10.00	74.00	59.00	31.00	-16.39	61.00	30.00	43.00	-5.39	69.00	53.00	62.00	34.00	57.00	40.00	51.00	-6.64	74.00	43.00	59.00	25.00
Cashflow From Investing	23.9%	-26.88	-35.30	-147	-18.70	-16.27	-43.52	-16.81	-20.27	-15.75	-21.55	-9.02	-10.59	-12.54	-10.91	-9.46	-9.21	-12.80	-49.60	-13.70	-14.63	-20.82
Cashflow From Financing	32.9%	-28.07	-41.80	-40.13	-11.79	41.00	-14.53	-44.52	9.00	27.00	-30.30	-6.83	-40.81	-21.69	-28.97	-23.48	-62.45	54.00	-6.12	-64.08	-14.97	-15.14
Dividend Payments	4.0%	8.00	8.00	8.00	8.00	8.00	7.00	7.00	7.00	7.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Buy Backs	-	-	-	-	-	-	-	-	43.00	42.00	23.00	-	-	-	-	-	-	-	-	-	-	-

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AIN Income Statement

2024-03-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net revenues	$ 313,330	$ 269,096
Cost of goods sold	204,644	169,778
Gross profit	108,686	99,318
Selling, general, and administrative expenses	54,835	48,479
Technical and research expenses	12,665	10,277
Restructuring expenses, net	2,209	20
Operating income	38,977	40,542
Interest expense/(income), net	3,319	3,290
Other (income)/expense, net	(2,982)	(455)
Income before income taxes	38,640	37,707
Income taxes	11,271	10,621
Net income	27,369	27,086
Net income attributable to the noncontrolling interest	78	197
Net income attributable to the Company	$ 27,291	$ 26,889
Earnings per share attributable to Company shareholders - Basic (in dollars per share)	$ 0.87	$ 0.86
Earnings per share attributable to Company shareholders - Diluted (in dollars per share)	$ 0.87	$ 0.86
Shares of the Company used in computing earnings per share:
Basic (in shares)	31,209	31,131
Diluted (in shares)	31,291	31,217
Dividends declared per Class A share (in dollars per share)	$ 0.26	$ 0.25

AIN Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and cash equivalents	$ 125,412	$ 173,420
Accounts receivable, net	305,495	287,781
Contract assets, net	179,223	182,281
Inventories	166,025	169,567
Income taxes prepaid and receivable	11,686	11,043
Prepaid expenses and other current assets	57,331	53,872
Total current assets	845,172	877,964
Property, plant and equipment, net	589,970	601,989
Intangibles, net	42,839	44,646
Goodwill	178,704	180,181
Deferred income taxes	24,153	22,941
Noncurrent receivables, net	0	4,392
Other assets	117,342	102,901
Total assets	1,798,180	1,835,014
Liabilities and Shareholders' Equity
Accounts payable	80,778	87,104
Accrued liabilities	118,181	142,988
Current maturities of long-term debt	4,445	4,218
Income taxes payable	8,586	14,369
Total current liabilities	211,990	248,679
Long-term debt	434,689	452,667
Other noncurrent liabilities	151,121	139,385
Deferred taxes and other liabilities	26,815	26,963
Total liabilities	824,615	867,694
Commitments and Contingencies (Note 16)
Shareholders' Equity:
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued	0	0
Additional paid in capital	449,028	448,218
Retained earnings	1,030,111	1,010,942
Accumulated items of other comprehensive income:
Translation adjustments	(137,017)	(124,901)
Pension and postretirement liability adjustments	(16,964)	(17,346)
Derivative valuation adjustment	6,955	9,079
Treasury stock (Class A), at cost; 9,661,845 shares in 2024 and 2023	(364,665)	(364,665)
Total shareholders' equity	967,489	961,368
Noncontrolling interest	6,076	5,952
Total equity	973,565	967,320
Total liabilities and shareholders' equity	1,798,180	1,835,014
Common Class A
Shareholders' Equity:
Class A Common Stock, par value $0.001 per share; authorized 100,000,000 shares; 40,898,219 issued in 2024 and 40,856,910 in 2023	$ 41	$ 41

About Albany International Corp

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, towels, nonwovens, building products, tannery, and textiles. This segment offers forming, pressing, and drying fabrics, as well as process belts; and engineered fabrics. The AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. It operates in the United States, Switzerland, Brazil, China, France, Mexico, Italy, and internationally. The company was incorporated in 1895 and is headquartered in Rochester, New Hampshire.

CEO	Mr. Gunnar Kleveland
WEBSITE	albint.com
INDUSTRY	Apparel Retail
EMPLOYEES	4100

Albany International Corp Frequently Asked Questions

What is the ticker symbol for Albany International Corp? What does AIN stand for in stocks?

AIN is the stock ticker symbol of Albany International Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Albany International Corp (AIN)?

As of Fri May 17 2024, market cap of Albany International Corp is 2.81 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AIN stock?

You can check AIN's fair value in chart for subscribers.

What is the fair value of AIN stock?

You can check AIN's fair value in chart for subscribers. The fair value of Albany International Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Albany International Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AIN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Albany International Corp a good stock to buy?

The fair value guage provides a quick view whether AIN is over valued or under valued. Whether Albany International Corp is cheap or expensive depends on the assumptions which impact Albany International Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AIN.

What is Albany International Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, AIN's PE ratio (Price to Earnings) is 25.22 and Price to Sales (PS) ratio is 2.36. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AIN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Albany International Corp's stock?

In the past 10 years, Albany International Corp has provided 0.107 (multiply by 100 for percentage) rate of return.