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

87.96USD-0.12 (-0.14%)Market Closed

Market Summary

USD87.96-0.12

Market Closed

-0.14%

AIN Stock Price

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AIN RSI Chart

AIN Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

24.66

Price/Sales (Trailing)

2.39

EV/EBITDA

13.87

Price/Free Cashflow

42.55

AIN Price/Sales (Trailing)

AIN Profitability

EBT Margin

13.98%

Return on Equity

11.58%

Return on Assets

6.07%

Free Cashflow Yield

2.35%

AIN Fundamentals

AIN Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

20.39%

Rev. Growth (Qtr)

15.11%

AIN Earnings

Earnings (TTM)

111.3M

Earnings Growth (Yr)

69.35%

Earnings Growth (Qtr)

11.68%

Breaking Down AIN Revenue

Last 7 days

-0.4%

Last 30 days

-5.6%

Last 90 days

0.0%

Trailing 12 Months

-3.3%

How does AIN drawdown profile look like?

AIN Financial Health

Current Ratio

3.53

Debt/Equity

0.47

Debt/Cashflow

0.33

AIN Investor Care

Dividend Yield

1.15%

Dividend/Share (TTM)

1.01

Buy Backs (1Y)

0.74%

Diluted EPS (TTM)

3.55

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
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

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Albany International Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 01, 2024	halftermeyer daniel a	sold (taxes)	-219,234	93.85	-2,336	president, mc
Mar 01, 2024	tedone john j	back to issuer	-48,998	89.74	-546	vp - controller & cao
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
Apr 23, 2024	RICE HALL JAMES & ASSOCIATES, LLC	reduced	-17.16	-1,309,940	4,888,330	0.28%
Apr 23, 2024	AMALGAMATED BANK	reduced	-26.72	-394,000	908,000	0.01%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-0.64	-82,827	1,449,400	0.03%
Apr 23, 2024	FIFTH THIRD BANCORP	reduced	-0.46	-106,889	1,936,870	0.01%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	316	4,863	-%
Apr 23, 2024	WASHINGTON TRUST Co	reduced	-2.86	-249	3,189	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	197,046	1,620,920	0.01%
Apr 22, 2024	Raymond James Financial Services Advisors, Inc.	sold off	-100	-231,013	-	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	added	4.71	-35,310	11,231,400	0.01%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.96	-108,000	1,777,000	0.02%

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

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
Apr 19, 2024	8-K	Current Report
Apr 03, 2024	ARS	ARS
Mar 28, 2024	DEF 14A	DEF 14A
Mar 15, 2024	4/A	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4/A	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 2024	4	Insider Trading
Mar 04, 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	107.9B	54.2B	-5.01%	20.34%	24.13	1.99	8.57%	27.90%
ROST	44.4B	20.4B	-8.45%	25.07%	23.71	2.18	8.99%	23.97%
LULU	44.1B	9.6B	-9.57%	-4.40%	28.43	4.58	18.60%	81.35%
RL	11.0B	6.6B	-10.45%	44.67%	18.73	1.67	2.78%	14.20%
MID-CAP
GPS	7.5B	14.9B	-25.53%	107.65%	14.96	0.5	-4.66%	348.51%
PVH	6.5B	9.2B	-16.17%	28.14%	9.81	0.71	2.14%	231.14%
VFC	5.1B	10.8B	-8.02%	-43.46%	-6.6	0.47	-7.50%	-284.75%
FL	2.2B	8.2B	-8.82%	-46.09%	-6.55	0.26	-6.75%	-196.49%
BKE	1.9B	1.3B	-1.27%	12.50%	8.57	1.49	-6.25%	-13.63%
SMALL-CAP
HBI	1.7B	5.6B	-4.10%	-1.80%	-96.26	0.3	-9.58%	86.06%
CTRN	188.4M	747.9M	-22.38%	16.51%	-15.73	0.25	-5.92%	-120.34%
LAKE	121.5M	124.7M	5.29%	36.26%	22.39	0.97	10.49%	189.67%
CULP	57.4M	237.2M	-1.10%	-15.38%	-4.21	0.24	2.94%	58.51%
CHS	1.2M	2.1B	-50.00%	-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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	15.1%	324	281	274	269	269	261	261	244	240	232	235	222	227	212	226	236	258	271	274	251	252
Gross Profit	17.7%	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	88.00
S&GA Expenses	30.3%	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	39.00
EBITDA Margin	-5.9%	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*	0.21*
Interest Expenses	927.2%	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	34.00
Income Taxes	-2.9%	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	11.00
Earnings Before Taxes	8.6%	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	28.00
EBT Margin	0.3%	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*	0.12*
Net Income	11.7%	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	18.00
Net Income Margin	7.2%	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*	0.08*
Free Cashflow	-12.5%	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	50.00

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	2.5%	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	1,418
Current Assets	2.5%	878	856	904	889	838	809	835	789	759	752	717	704	717	681	650	660	618	600	627	612	593
Cash Equivalents	1.1%	173	172	301	304	292	276	321	307	302	286	253	238	241	215	204	223	196	174	215	187	198
Inventory	-6.3%	170	181	151	154	139	134	134	124	118	118	121	117	110	113	116	109	95.00	106	104	102	86.00
Net PPE	6.2%	602	567	452	450	446	411	419	432	436	427	438	436	449	442	443	447	466	449	458	461	462
Goodwill	1.6%	180	177	179	179	178	173	177	181	182	184	185	184	188	184	181	179	181	162	164	163	164
Liabilities	-0.1%	868	869	791	798	775	752	791	716	678	660	659	686	730	741	756	814	772	742	807	817	810
Current Liabilities	2.4%	249	243	181	185	211	190	188	178	208	182	176	167	191	179	177	176	203	192	197	205	189
Long Term Debt	-2.3%	453	463	487	491	439	447	485	427	350	350	350	384	398	418	435	491	424	424	482	491	524
LT Debt, Current	-84.5%	4.00	27.00	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00
LT Debt, Non Current	-2.3%	453	463	487	491	439	447	485	427	350	350	350	384	398	418	435	491	424	424	482	491	524
Shareholder's Equity	5.1%	961	915	916	898	863	820	822	864	878	880	868	826	820	750	706	670	703	663	651	626	608
Retained Earnings	2.3%	1,011	989	969	950	931	921	917	884	863	841	817	792	771	750	726	700	698	675	641	613	590
Additional Paid-In Capital	0.4%	448	446	444	442	442	440	439	438	437	436	435	434	434	433	433	432	433	432	431	430	431
Shares Outstanding	0.0%	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	32.00	32.00
Minority Interest	-12.4%	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	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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	25.5%	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	71.00
Cashflow From Investing	76.1%	-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	-22.19
Cashflow From Financing	-4.2%	-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	-10.78
Dividend Payments	0.0%	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	5.00
Buy Backs	-	-	-	-	-	-	-	43.00	42.00	23.00	-	-	-	-	-	-	-	-	-	-	-	-

AIN Income Statement

2023-12-31

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net revenues	$ 1,147,909	$ 1,034,887	$ 929,240
Cost of goods sold	724,191	645,105	550,849
Gross profit	423,718	389,782	378,391
Selling, general and administrative expenses	214,915	168,713	160,127
Technical and research expenses	40,627	39,941	38,922
Restructuring expenses, net	282	106	1,331
Operating income	167,894	181,022	178,011
Interest income	(6,566)	(3,835)	(2,500)
Interest expense	20,167	17,835	17,391
Pension settlement expense	0	49,128	0
Aviation Manufacturing Jobs Protection (AMJP) grant	0	0	(5,832)
Other (income)/expense, net	(6,163)	(14,086)	3,021
Income before income taxes	160,456	131,980	165,931
Income tax expense	48,846	35,472	47,163
Net income	111,610	96,508	118,768
Net income attributable to the noncontrolling interest	490	746	290
Net income attributable to the Company	$ 111,120	$ 95,762	$ 118,478
Earnings per share:
Basic earnings per share attributable to Company shareholders (in dollars per share)	$ 3.56	$ 3.06	$ 3.66
Diluted earnings per share attributable to Company shareholders (in dollars per share)	3.55	3.04	3.65
Dividends declared per share (in dollars per share)	$ 1.01	$ 0.88	$ 0.81
Weighted average shares outstanding:
Basic (in shares)	31,171	31,339	32,348
Diluted (in shares)	31,276	31,455	32,463

AIN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 173,420	$ 291,776
Accounts receivable, net	287,781	200,018
Contract assets, net	182,281	148,695
Inventories	169,567	139,050
Income taxes prepaid and receivable	11,043	7,938
Prepaid expenses and other current assets	53,872	50,962
Total current assets	877,964	838,439
Property, plant and equipment, net	601,989	445,658
Intangibles, net	44,646	33,811
Goodwill	180,181	178,217
Deferred income taxes	22,941	15,196
Noncurrent receivables, net	4,392	27,913
Other assets	102,901	103,021
Total assets	1,835,014	1,642,255
Current liabilities:
Accounts payable	87,104	69,707
Accrued liabilities	142,988	126,385
Current maturities of long-term debt	4,218	0
Income taxes payable	14,369	15,224
Total current liabilities	248,679	211,316
Long-term debt	452,667	439,000
Other noncurrent liabilities	139,385	108,758
Deferred taxes and other liabilities	26,963	15,638
Total liabilities	867,694	774,712
Commitments and Contingencies (Note 21)
Shareholders’ Equity:
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued	0	0
Additional paid-in capital	448,218	441,540
Retained earnings	1,010,942	931,318
Accumulated items of other comprehensive income:
Translation adjustments	(124,901)	(146,851)
Pension and postretirement liability adjustments	(17,346)	(15,783)
Derivative valuation adjustment	9,079	17,707
Treasury stock (Class A), at cost; 9,661,845 shares in 2023 and 9,674,542 in 2022	(364,665)	(364,923)
Total Company shareholders’ equity	961,368	863,049
Noncontrolling interest	5,952	4,494
Total shareholders' equity	967,320	867,543
Total liabilities and shareholders’ equity	$ 1,835,014	$ 1,642,255
Treasury stock, common shares (in shares)	9,661,845	9,674,542
Common Class A
Shareholders’ Equity:
Class A Common Stock, par value $0.001 per share; authorized 100,000,000 shares; issued 40,856,910 in 2023 and 40,785,434 in 2022	$ 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 Tue Apr 23 2024, market cap of Albany International Corp is 2.75 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 Tue Apr 23 2024, AIN's PE ratio (Price to Earnings) is 24.69 and Price to Sales (PS) ratio is 2.39. 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.