Albany International (AIN) Is Today's Strong And Under The Radar Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Albany International ( AIN) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Albany International as such a stock due to the following factors:

  • AIN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $3.0 million.
  • AIN is making at least a new 3-day high.
  • AIN has a PE ratio of 29.
  • AIN is mentioned 0.77 times per day on StockTwits.
  • AIN has not yet been mentioned on StockTwits today.
  • AIN is currently in the upper 20% of its 1-year range.
  • AIN is in the upper 35% of its 20-day range.
  • AIN is in the upper 45% of its 5-day range.
  • AIN is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on AIN:

Albany International Corp. engages in the textile and materials processing businesses worldwide. The company operates through Machine Clothing (MC) and Albany Engineered Composites (AEC) segments. The MC segment designs, manufactures, and markets paper machine clothing. The stock currently has a dividend yield of 1.7%. AIN has a PE ratio of 29. Currently there are 2 analysts that rate Albany International a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Albany International has been 73,700 shares per day over the past 30 days. Albany International has a market cap of $1.2 billion and is part of the industrial goods sector and industrial industry. The stock has a beta of 1.42 and a short float of 1.5% with 6.22 days to cover. Shares are up 7.1% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Albany International as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, increase in net income and expanding profit margins. We feel its strengths outweigh the fact that the company shows weak operating cash flow.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 11.3%. Since the same quarter one year prior, revenues slightly increased by 0.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The current debt-to-equity ratio, 0.59, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, AIN has a quick ratio of 1.88, which demonstrates the ability of the company to cover short-term liquidity needs.
  • ALBANY INTL CORP has improved earnings per share by 15.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, ALBANY INTL CORP increased its bottom line by earning $1.30 versus $0.55 in the prior year. This year, the market expects an improvement in earnings ($1.68 versus $1.30).
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Machinery industry average. The net income increased by 15.0% when compared to the same quarter one year prior, going from $10.62 million to $12.21 million.
  • 49.78% is the gross profit margin for ALBANY INTL CORP which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 6.73% trails the industry average.

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