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Albany International

 

Buy Albany International stocks

ALBANY INTERNATIONAL (AIN) Stocks

ABOUT ALBANY INTERNATIONAL

? Albany International Corporation was founded in 1895 in Albany, New York, and currently has its headquarters in Rochester, New Hampshire in the United States.

? Albany International is a global advanced textiles and materials processing company, with two divisions, namely Albany Engineered Composites and Machine Clothing. The first is mainly used in aerospace applications to reduce the weight of aircraft. An example is the main brace on the landing gear of the 787 Dreamliner, which was a first of its kind in the world.

? Its Machine Clothing division with its headquarters in Neuhausen, Switzerland, is the company’s traditional core business which started with the production of felts in the 19th century. Its primary product line comprises of specialized textiles that brace and dry paper as it travels through the machines. Its primary clients are the makers of building products, as well as tanners (as the company is the largest manufacturer of felts in the world).

? Albany International operates 22 facilities in 10 other countries – mostly in its Machine Clothing Division. Textiles are produced in several European countries, as well as Brazil, Canada, China, Mexico, South Korea and the United States. The company also has research centers in Sélestat, France, and Halmstad, Sweden.

? The company currently boasts an employee contingent of about 4 400.

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OVERVIEW OF ALBANY INTERNATIONAL

  • The company originally produced felts for the many paper mills in the Albany region at the time. It managed to grow and prosper right through the Great Depression. In the latter part of the 20th century it started to acquire overseas firms and expanded into the composites sector. It moved its headquarters to New Hampshire in 2013 in order to better serve the needs of its aerospace customers.
  • Today, the one of Albany International’s core businesses, Machine Clothing (MC) is the world’s foremost producer of custom-designed fabrics and belts needed by the paper, nonwovens and other process industries.
  • MC’s global market share is approximately 30%. Albany Engineered Composites (AEC) is also rapidly becoming the supplier of choice for highly engineered composite parts for the aerospace industry.
  • AEC is currently the only supplier of fan blades and – cases, and other components for the CFM LEAP engine. It is envisaged that LEAP will produce about 1 600 engines by the end of the decade, for which AEC will have to deliver about 100 000 parts per year.

VALUES OF ALBANY INTERNATIONAL

  • Alabany International Corporation regards technological innovation, which has long been at the core of the company’s success, as its prime strategy to develop the company’s global presence.
  • Today the company still remains steadfast in its commitment to offer leading-edge solutions to its customers that will improve their products and processes.
  • The company describes its current strategy as “focus and lead”. It aims to speed up its efforts in this regard, so that technology can drive its profitable growth. To this end, strategic acquisitions, such as the purchase of Harris Corp’s aero-structures division in February 2016, forms part of this growth strategy.

MARKETPLACE PERFORMANCE OF ALBANY INTERNATIONAL

  • Albany International Corporation trades it stock on the New York Stock Exchange (NYSE) under the ticker symbol “AIN”. The company is included in both the S&P and the Russell 200 stock indices.
  • Albany recorded revenue of USUS Dollar 863.7 million in net sales in 2017 with an operating income of USUS Dollar 863.7 million in the same year.

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LATEST NEWS ALBANY INTERNATIONAL

Buy ALBANY INTERNATIONAL stocks / shares – ? A Step by Step Guide how to Buy / Purchase ALBANY INTERNATIONAL Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy ALBANY INTERNATIONAL Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN ALBANY INTERNATIONAL STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE ALBANY INTERNATIONAL STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of ALBANY INTERNATIONAL stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy ALBANY INTERNATIONAL stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

Read more about : ALAMO GROUP STOCKS

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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