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Albany International downgraded to Neutral from Overweight at Alembic Global » 09:38
08/16/22
08/16
09:38
08/16/22
09:38
AIN

Albany International

$97.05 /

+1.01 (+1.05%)

Alembic Global analyst…

Alembic Global analyst Peter Skibitski downgraded Albany International to Neutral from Overweight with a $110 price target.

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AIN Albany International
$97.05 /

+1.01 (+1.05%)

AIN Albany International
$97.05 /

+1.01 (+1.05%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
AIN Albany International
$97.05 /

+1.01 (+1.05%)

Earnings
Albany International boosts FY22 adj. EPS view to $3.30-$3.60, consensus $3.29 » 16:24
07/25/22
07/25
16:24
07/25/22
16:24
AIN

Albany International

$81.90 /

+0.72 (+0.89%)

Raises FY22 revenue view…

Raises FY22 revenue view to $970M-$1.01B, consensus $960.76M. Previous EPS view was $2.80-$3.30, revenue view was $920M-$960M.

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AIN Albany International
$81.90 /

+0.72 (+0.89%)

AIN Albany International
$81.90 /

+0.72 (+0.89%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
AIN Albany International
$81.90 /

+0.72 (+0.89%)

  • 06
    Aug
Earnings
Albany International reports adjusted Q2 EPS $1.06, consensus 83c » 16:23
07/25/22
07/25
16:23
07/25/22
16:23
AIN

Albany International

$81.90 /

+0.72 (+0.89%)

Reports Q2 revenue…

Reports Q2 revenue $261.4M, consensus $240.18M. "We are pleased to report another quarter of excellent results," said Albany International President and Chief Executive Officer, Bill Higgins. "Our revenue of $261 million was up on both a year-over-year and sequential basis driven by growth in our Engineered Composites segment from recovering commercial aircraft production and previously announced new business wins. Machine Clothing markets remained healthy, and the Machine Clothing segment delivered another strong performance in the quarter. Second quarter GAAP earnings per share was $1.25, which benefited from 20 cents of currency revaluation gains. Adjusted earnings per share was $1.06 up from $1.01 reported last year."

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AIN Albany International
$81.90 /

+0.72 (+0.89%)

AIN Albany International
$81.90 /

+0.72 (+0.89%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
AIN Albany International
$81.90 /

+0.72 (+0.89%)

  • 06
    Aug
Over a quarter ago
Conference/Events
Albany International management to meet with Truist » 04:55
06/08/22
06/08
04:55
06/08/22
04:55
AIN

Albany International

$88.07 /

+2.005 (+2.33%)

Meetings to be held in…

Meetings to be held in New York on June 7 and in Baltimore on June 8 hosted by Truist.

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AIN Albany International
$88.07 /

+2.005 (+2.33%)

AIN Albany International
$88.07 /

+2.005 (+2.33%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
AIN Albany International
$88.07 /

+2.005 (+2.33%)

  • 06
    Aug
Conference/Events
Albany International management to meet with Truist » 04:55
06/07/22
06/07
04:55
06/07/22
04:55
AIN

Albany International

$86.37 /

+2.18 (+2.59%)

Meetings to be held in…

Meetings to be held in New York on June 7 and in Baltimore on June 8 hosted by Truist.

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AIN Albany International
$86.37 /

+2.18 (+2.59%)

AIN Albany International
$86.37 /

+2.18 (+2.59%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
AIN Albany International
$86.37 /

+2.18 (+2.59%)

  • 06
    Aug
Hot Stocks
Compass Diversified to acquire PrimaLoft for enterprise value of $530M » 08:41
06/06/22
06/06
08:41
06/06/22
08:41
CODI

Compass Diversified

$23.18 /

+0.15 (+0.65%)

, AIN

Albany International

$84.28 /

-0.7 (-0.82%)

Compass Diversified…

Compass Diversified announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc., the parent company of PrimaLoft, for an enterprise value of $530 million. Based in Latham, New York, PrimaLoft was established in 1983 by Albany International Corporation in response to a U.S. Army request to develop a synthetic insulation for soldiers that replicated the warmth and weight characteristics of traditional goose down, but also remained warm when wet. In addition to maintaining high performance in wet conditions, the portfolio of PrimaLoft synthetic insulations offers products that can both mimic natural down aesthetics and provide the freedom to design garments ranging from stylish puffers to lightweight performance apparel. PrimaLoft insulations also offer superior economics to the brand partner and enable better sustainability characteristics through the use of recycled, low-carbon inputs. Today, PrimaLoft serves over 950 active brand partners, including Patagonia, Nike, Stio, La Sportiva, Polo Ralph Lauren, Helly Hansen, Marmot, Moncler, and Canada Goose. As a technology leader with over 90 global patents, along with process trade secrets, PrimaLoft is revolutionizing synthetic alternatives to down in the insulated jacket market with technologies like its patented ThermoPlume product. ThermoPlume insulation features comparable performance to down insulation when dry, superior performance to down insulation when wet, can be made with 100% recycled raw materials, and can be seamlessly integrated into the traditional down manufacturing process. The acquisition is expected to close in July, subject to customary closing conditions. Following the close of the transaction, PrimaLoft will continue to be led by its current leadership team.

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CODI Compass Diversified
$23.18 /

+0.15 (+0.65%)

AIN Albany International
$84.28 /

-0.7 (-0.82%)

CODI Compass Diversified
$23.18 /

+0.15 (+0.65%)

04/08/22 B. Riley
Compass Diversified initiated with a Buy at B. Riley
09/14/21 Oppenheimer
Compass Diversified initiated with Perform, $32 target at Oppenheimer
09/13/21 Oppenheimer
Compass Diversified initiated with a Perform at Oppenheimer
AIN Albany International
$84.28 /

-0.7 (-0.82%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
CODI Compass Diversified
$23.18 /

+0.15 (+0.65%)

AIN Albany International
$84.28 /

-0.7 (-0.82%)

  • 06
    Aug
Conference/Events
Albany International management to meet with Truist » 14:13
06/01/22
06/01
14:13
06/01/22
14:13
AIN

Albany International

$83.56 /

-0.94 (-1.11%)

Meetings to be held in…

Meetings to be held in New York on June 7 and in Baltimore on June 8 hosted by Truist.

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AIN Albany International
$83.56 /

-0.94 (-1.11%)

AIN Albany International
$83.56 /

-0.94 (-1.11%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
AIN Albany International
$83.56 /

-0.94 (-1.11%)

  • 06
    Aug
Earnings
Albany International sees FY22 adjusted EPS $2.80-$3.30, consensus $3.32 » 16:24
04/25/22
04/25
16:24
04/25/22
16:24
AIN

Albany International

$82.88 /

-0.24 (-0.29%)

Sees FY22 revenue…

Sees FY22 revenue $920M-$960M, consensus $960.59M.

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AIN Albany International
$82.88 /

-0.24 (-0.29%)

AIN Albany International
$82.88 /

-0.24 (-0.29%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
AIN Albany International
$82.88 /

-0.24 (-0.29%)

  • 06
    Aug
AIN Albany International
$82.88 /

-0.24 (-0.29%)

Earnings
Albany International reports Q1 adjusted EPS 91c, consensus 77c » 16:23
04/25/22
04/25
16:23
04/25/22
16:23
AIN

Albany International

$82.88 /

-0.24 (-0.29%)

Reports Q1 revenue…

Reports Q1 revenue $244.2M, consensus $226.32M. "We are pleased to report strong revenue growth during the first quarter of 2022," said Albany International President and Chief Executive Officer, Bill Higgins. "Our team remained nimble and flexible in the face of an unpredictable business environment caused by COVID variant waves and Russia's invasion of Ukraine. In response to the Russian invasion, we made the decision to cease doing business in Russia during the first quarter, including exiting a very small joint venture in our Machine Clothing segment."

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AIN Albany International
$82.88 /

-0.24 (-0.29%)

AIN Albany International
$82.88 /

-0.24 (-0.29%)

02/22/22 BofA
Albany International downgraded to Neutral from Buy at BofA
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
AIN Albany International
$82.88 /

-0.24 (-0.29%)

  • 06
    Aug
AIN Albany International
$82.88 /

-0.24 (-0.29%)

Downgrade
Albany International downgraded to Neutral from Buy at BofA » 07:24
02/22/22
02/22
07:24
02/22/22
07:24
AIN

Albany International

$88.61 /

+0.135 (+0.15%)

BofA analyst Ronald…

BofA analyst Ronald Epstein downgraded Albany International to Neutral from Buy with a price target of $90, down from $105, to reflect short-term headwinds in Machine Clothing, or MC, segment related to supply chain constraints, rising inflation, and foreign exchange as well as "dwindling returns" at the segment further out as digital media overtakes printing and greater internal focus shifts toward the Albany Engineered Composites, or AEC, unit. However, Epstein adds that he believes declines at MC will be partially offset by the commercial aerospace recovery and Albany's growing presence on multiple defense platforms.

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AIN Albany International
$88.61 /

+0.135 (+0.15%)

AIN Albany International
$88.61 /

+0.135 (+0.15%)

01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
01/07/22 Truist
Albany International upgraded to Buy from Hold at Truist
10/15/21 Truist
Albany International price target lowered to $85 from $89 at Truist
07/30/21
Fly Intel: Top five analyst upgrades
AIN Albany International
$88.61 /

+0.135 (+0.15%)

  • 06
    Aug
AIN Albany International
$88.61 /

+0.135 (+0.15%)

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