Albany International (AIN)

• Market cap: $2.54B
• 1 day: 2.44%
• 5 days: -0.39%
• 1 month: -2.85%
• 3 months: -6.70%
• 6 months: -3.29%
• Year to date: -16.60%
• 1 year: -14.56%
• 5 years: 5.29%
• 10 years: 121.38%
• Sector: Consumer Discretionary
• Industry: Broadwoven Fabric Mills, Manmade Fiber & Silk

About: Albany International Corp is principally engaged in processing textiles and materials. The company consists of two business segments, the machine clothing segment, which produces and provides custom-designed fabrics and belts for the production in the paper, nonwovens, and other process industries; and the Albany engineered composites segment, which offers engineered composite parts for the aerospace and defensive industries. The machine clothing segment contributes to the majority of the company's total revenue. The company has an operation and generates revenue from the United States, Switzerland, Brazil, China, Mexico, France, and other areas.

Employees: 5,600

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

10% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 30

1% more funds holding

Funds holding: 276 [Q2] → 279 (+3) [Q3]

4% less capital invested

Capital invested by funds: $2.76B [Q2] → $2.66B (-$106M) [Q3]

6% less repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 109

8.91% less ownership

Funds ownership: 104.71% [Q2] → 95.8% (-8.91%) [Q3]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $80 1% downside
• Avg. target: $83 2% upside
• High target: $85 5% upside

4 analyst ratings

• positive: 2 50%
• neutral: 1 25%
• negative: 1 25%

B of A Securities Ronald Epstein 47% 1-year accuracy 14 / 30 met price target	1% downside $80	Underperform Maintained	15 Nov 2024
Truist Securities Michael Ciarmoli 66% 1-year accuracy 39 / 59 met price target	5% upside $85	Buy Maintained	1 Nov 2024
JP Morgan Stephen Tusa 54% 1-year accuracy 13 / 24 met price target	5% upside $85	Neutral Maintained	10 Oct 2024
TD Cowen Gautam Khanna 82% 1-year accuracy 9 / 11 met price target	0% downside $81	Buy Maintained	4 Oct 2024