Albany International Stock Today
| AIN Stock | USD 87.57 0.66 0.75% |
Performance0 of 100
| Odds Of DistressLess than 5
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Albany International is selling at 87.57 as of the 23rd of April 2024; that is -0.75% down since the beginning of the trading day. The stock's open price was 88.23. Albany International has under 5 % chance of experiencing financial distress over the next 2 years, but has generated negative returns over the last 90 days. Equity ratings for Albany International are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 4th of May 2022 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 30th of September 1987 | Category Consumer Cyclical | Classification Industrials |
Albany International Corp., together with its subsidiaries, engages in the textile and materials processing business. Albany International Corp. was incorporated in 1895 and is headquartered in Rochester, New Hampshire. Albany International operates under Textile Manufacturing classification in the United States and is traded on New York Stock Exchange. The company has 31.24 M outstanding shares of which 250.49 K shares are presently shorted by investors with about 2.0 days to cover. More on Albany International
Moving together with Albany Stock
| 0.7 | AS | Amer Sports | PairCorr |
Moving against Albany Stock
| 0.54 | DSHK | Drive Shack | PairCorr |
| 0.49 | VIRC | Virco Manufacturing Report 26th of April 2024 | PairCorr |
| 0.42 | ELYS | Elys Game Technology | PairCorr |
Albany Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Albany International's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Albany International or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO | Joseph Morone | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [AI Airports International Ltd, AIN] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Industrial Machinery & Supplies & Components, Textile Manufacturing, Consumer Cyclical, NYSE Composite, SP Small-Cap 600, Industrials, Machinery, Textile Manufacturing, Consumer Cyclical (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Albany International report their recommendations after researching Albany International's financial statements, talking to executives and customers, or listening in on Albany International's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Albany International. The Albany consensus assessment is calculated by taking the average forecast from all of the analysts covering Albany International. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Albany International's profitability, liquidity, and operating efficiency, Albany International may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Albany International is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Albany International's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Albany International's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Albany International's financial leverage. It provides some insight into what part of Albany International's total assets is financed by creditors.
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Albany International (AIN) is traded on New York Stock Exchange in USA. It is located in 216 Airport Drive, Rochester, NH, United States, 03867 and employs 5,600 people. Albany International is listed under Industrial Machinery & Supplies & Components category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 2.76 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Albany International's market, we take the total number of its shares issued and multiply it by Albany International's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Albany International runs under Machinery sector within Industrials industry. The entity has 31.24 M outstanding shares of which 250.49 K shares are presently shorted by investors with about 2.0 days to cover.
Albany International has about 291.78 M in cash with 148.06 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 8.89.
Check Albany International Probability Of Bankruptcy
Ownership AllocationAlbany International retains a total of 31.24 Million outstanding shares. The majority of Albany International outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Albany International to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Albany International. Please pay attention to any change in the institutional holdings of Albany International as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Albany Ownership Details
Albany Stock Price Odds Analysis
Contingent on a normal probability distribution, the odds of Albany International jumping above the current price in 90 days from now is about 91.27%. The Albany International probability density function shows the probability of Albany International stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6005. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Albany International will likely underperform. Additionally, albany International has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Albany International to move above the current price in 90 days from now is about 91.27 (This Albany International probability density function shows the probability of Albany Stock to fall within a particular range of prices over 90 days) .
Albany Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Albany International that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Albany International's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Albany International's value.| Instituion | Recorded On | Shares | |
| Westwood Holdings Group Inc | 2023-12-31 | 670.7 K | |
| Sei Investments Co | 2023-12-31 | 670.1 K | |
| Geode Capital Management, Llc | 2023-12-31 | 659.1 K | |
| Clearbridge Advisors, Llc | 2023-12-31 | 598 K | |
| Principal Financial Group Inc | 2023-12-31 | 593.3 K | |
| Aristotle Capital Boston, Llc | 2023-12-31 | 526.1 K | |
| Northern Trust Corp | 2023-12-31 | 441.1 K | |
| Wells Fargo & Co | 2023-12-31 | 421 K | |
| Brown Advisory Holdings Inc | 2023-12-31 | 409.7 K | |
| Blackrock Inc | 2023-12-31 | 4.9 M | |
| Vanguard Group Inc | 2023-12-31 | 3.5 M |
Albany International Historical Income Statement
Albany International Income Statement is one of the three primary financial statements used for reporting Albany's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Albany International revenue and expense. Albany International Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Albany International's Interest Income is very stable compared to the past year. View More FundamentalsAlbany Stock Against Markets
Picking the right benchmark for Albany International stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Albany International stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Albany International is critical whether you are bullish or bearish towards Albany International at a given time. Please also check how Albany International's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Albany International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Albany International Corporate Directors
Albany International corporate directors refer to members of an Albany International board of directors. The board of directors generally takes responsibility for the Albany International's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Albany International's board members must vote for the resolution. The Albany International board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Christine Standish | Independent Director | Profile | |
| Lee Wortham | Independent Director | Profile | |
| John Cassidy | Independent Director | Profile | |
| John Scannell | Independent Director | Profile |
How to buy Albany Stock?
Before investing in Albany International, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Albany International. To buy Albany International stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Albany International. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Albany International stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Albany International stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Albany International stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Albany International, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Albany Stock please use our How to Invest in Albany International guide.
Already Invested in Albany International?
The danger of trading Albany International is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Albany International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Albany International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Albany International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Albany International offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Albany International's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Albany International Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Albany International Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Albany International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. To learn how to invest in Albany Stock, please use our How to Invest in Albany International guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Albany International's price analysis, check to measure Albany International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Albany International is operating at the current time. Most of Albany International's value examination focuses on studying past and present price action to predict the probability of Albany International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Albany International's price. Additionally, you may evaluate how the addition of Albany International to your portfolios can decrease your overall portfolio volatility.
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Is Albany International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Albany International. If investors know Albany will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Albany International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.677 | Dividend Share 1.01 | Earnings Share 3.55 | Revenue Per Share 36.826 | Quarterly Revenue Growth 0.204 |
The market value of Albany International is measured differently than its book value, which is the value of Albany that is recorded on the company's balance sheet. Investors also form their own opinion of Albany International's value that differs from its market value or its book value, called intrinsic value, which is Albany International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Albany International's market value can be influenced by many factors that don't directly affect Albany International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Albany International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Albany International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Albany International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.