BofA Securities downgraded Albany Intl from Buy to Neutral and set a new price target of $90.00 from $105.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/28/2024 | $105.00 → $95.00 | Neutral → Underperform | BofA Securities |
| 9/18/2023 | $100.00 → $106.00 | Market Perform → Outperform | TD Cowen |
| 7/14/2023 | $101.00 → $120.00 | Neutral → Outperform | Robert W. Baird |
| 4/27/2023 | $90.00 → $105.00 | Hold → Buy | Truist |
| 10/12/2022 | $80.00 | Buy → Hold | Truist |
| 2/22/2022 | $105.00 → $90.00 | Buy → Neutral | BofA Securities |
| 1/7/2022 | $85.00 → $100.00 | Hold → Buy | Truist |
| 10/15/2021 | $89.00 → $85.00 | Hold | Truist Securities |
Board Authorizes New $250 Million Share Repurchase Program Albany International Corp. (NYSE:AIN) today reported operating results for its full year and fourth quarter of 2024, which ended December 31, 2024. "We continue to perform well in both our businesses, as evidenced by strong results at Machine Clothing and ongoing operational progress steered by new leadership at Engineered Composites," said Gunnar Kleveland, President and Chief Executive Officer. "For the full year we reported record revenues of nearly one and a quarter billion dollars driven by organic growth and our Heimbach acquisition. With increased focus on working capital and cash flow, we generated Free Cash Flow of $59
The Board of Directors of Albany International Corp. (NYSE:AIN) today declared a quarterly dividend of $0.27 per share on the Company's Class A Common Stock. The dividend is payable April 7, 2025, to shareholders of record on March 21, 2025. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered
The Board of Directors of Albany International Corp. (NYSE:AIN) today declared a quarterly dividend of $0.27 per share on the Company's Class A Common Stock, an increase of 4%, or $0.01 per share, from the prior dividend. The dividend is payable January 8, 2025, to shareholders of record on December 17, 2024. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wo
BofA Securities downgraded Albany Intl from Neutral to Underperform and set a new price target of $95.00 from $105.00 previously
TD Cowen upgraded Albany Intl from Market Perform to Outperform and set a new price target of $106.00 from $100.00 previously
Robert W. Baird upgraded Albany Intl from Neutral to Outperform and set a new price target of $120.00 from $101.00 previously
4/A - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Issuer)
4/A - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Issuer)
4/A - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Issuer)
4 - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Issuer)
4 - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Issuer)
4 - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Issuer)
SC 13G/A - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Subject)
SC 13G/A - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Subject)
SC 13G/A - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Subject)
8-K - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Filer)
10-K - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Filer)
8-K - ALBANY INTERNATIONAL CORP /DE/ (0000819793) (Filer)
Board Authorizes New $250 Million Share Repurchase Program Albany International Corp. (NYSE:AIN) today reported operating results for its full year and fourth quarter of 2024, which ended December 31, 2024. "We continue to perform well in both our businesses, as evidenced by strong results at Machine Clothing and ongoing operational progress steered by new leadership at Engineered Composites," said Gunnar Kleveland, President and Chief Executive Officer. "For the full year we reported record revenues of nearly one and a quarter billion dollars driven by organic growth and our Heimbach acquisition. With increased focus on working capital and cash flow, we generated Free Cash Flow of $59
The Board of Directors of Albany International Corp. (NYSE:AIN) today declared a quarterly dividend of $0.27 per share on the Company's Class A Common Stock. The dividend is payable April 7, 2025, to shareholders of record on March 21, 2025. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world's leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications. Albany Engineered
Albany International Italia Srl, an affiliate of Albany International Corp. (NYSE:AIN), announced today that it will initiate consultations with employee representatives regarding the decision to discontinue manufacturing operations at a leased facility in Ballo, Italy, and to transfer production to a facility in Merone, Italy owned by Industrie Tessili Bresciane Srl, a separate affiliate of Albany International Corp. The action is subject to local law and will be implemented in accordance with such law after consultation with the employees' representative body. This action will enable Albany to rationalize costs while aligning its engineered fabrics manufacturing capacity with local mark
Albany International Corp. (NYSE:AIN) announced today that its Board of Directors has appointed Merle Stein as President of its Machine Clothing business segment, and elected him an officer of the Company effective September 1, 2024, to succeed Daniel Halftermeyer, who has stepped down from the position to focus his time and energies on the continued integration of the Heimbach acquisition and the successful transition to Mr. Stein. Mr. Stein, 47, has considerable experience in the paper and pulp industries and significant knowledge of the Machine Clothing business and a strategic understanding of the markets it serves. He comes to the role with considerably broad leadership experiences,
Albany International Corp. (NYSE:AIN) announced today that its Board of Directors has appointed Christopher Stone as President, Albany Engineered Composites, Inc., and elected him an officer of the Company, effective August 12, 2024, to succeed Gregory Harwell, who no longer serves as President of Albany Engineered Composites, Inc. Mr. Stone, 52, brings a deep knowledge of the A&D industry, and considerable broad experiences to his new role. He has held a wide range of leadership positions at public companies, with a focus in manufacturing and supply chain management, business operations, production control, logistics and organizational transformation. Most recently he served as Vice Pres
Accomplished Industrial and Aerospace Executive Brings Nearly 20 Years of Operational and Leadership Experience Albany International Corp. ("Albany" or the "Company") (NYSE:AIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins as President and CEO, effective September 1. Mr. Kleveland will also join the Company's Board at that time. Mr. Higgins, who previously announced his intention to retire as CEO, will remain a member of Albany's Board. Mr. Kleveland is a seasoned executive with nearly two decades of industrial and aerospace leadership experience at Textron Inc. Most recently, he served as President and CEO of Textron Specialized Veh