Kennametal (NYSE:KMT) Reaches New 52-Week Low - What's Next?

Key Points

• Kennametal shares hit a new 52-week low, trading as low as $24.83 and last at $24.32, despite reporting fiscal Q1 2027 adjusted EPS of $3.48—well above the $2.65 consensus.
• Revenue rose 54% year over year to $768.2 million but came in slightly below analyst expectations. Kennametal raised its FY27 adjusted EPS outlook while maintaining its full-year sales outlook.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “Reduce” rating and a $33.50 target price. The company also announced a quarterly dividend of $0.20 per share, equivalent to a 3.4% yield.

Shares of Kennametal Inc. (NYSE:KMT - Get Free Report) reached a new 52-week low on Thursday. The company traded as low as $24.83 and last traded at $24.3240, with a volume of 91,437 shares. The stock had previously closed at $26.28.

Trending Headlines about Kennametal

Here are the key news stories impacting Kennametal this week:

• Positive Sentiment: Kennametal reported fiscal Q1 2027 EPS of $3.48, well above analyst expectations of about $2.65, while sales rose 54% year over year to $768 million. The company cited favorable timing of raw-material-related pricing versus costs and stronger Metal Cutting volumes. Kennametal Announces Fiscal 2027 First Quarter Results
• Positive Sentiment: The company raised its FY27 adjusted EPS outlook while reiterating its full-year sales outlook. It also reaffirmed its target for a 16%–19% adjusted EBITDA margin beyond FY27, assuming tungsten prices remain at current levels. Kennametal Boosts FY27 Adjusted EPS Outlook
• Neutral Sentiment: A Zacks article characterized KMT as a value stock, which may attract investors focused on valuation but does not address near-term earnings concerns. Here's Why Kennametal Is a Strong Value Stock
• Negative Sentiment: Quarterly sales of $768 million missed the roughly $770 million analyst estimate. Coverage also pointed to pricing and volume pressures, potentially tempering confidence in how durable the strong margins and earnings will be. KMT Q3 CY2026 Deep Dive

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Morgan Stanley cut shares of Kennametal from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $31.00 to $27.00 in a report on Monday, August 10th. Weiss Ratings downgraded shares of Kennametal from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd. JPMorgan Chase & Co. cut their price target on shares of Kennametal from $34.00 to $30.00 and set an "underweight" rating on the stock in a research note on Thursday, October 8th. UBS Group reduced their price target on shares of Kennametal from $39.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, August 10th. Finally, DA Davidson decreased their price objective on shares of Kennametal from $34.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. Five analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $33.50.

Kennametal Stock Performance

The company has a quick ratio of 0.98, a current ratio of 2.62 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $30.38 and a 200 day simple moving average of $34.52. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 0.29 and a beta of 1.30.

Kennametal (NYSE:KMT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The industrial products company reported $3.48 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.83. The business had revenue of $768.19 million during the quarter, compared to the consensus estimate of $770.36 million. Kennametal had a return on equity of 24.83% and a net margin of 14.53%. The company's revenue was up 54.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. On average, sell-side analysts predict that Kennametal Inc. will post 4.92 earnings per share for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Monday, November 9th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, November 9th. Kennametal's payout ratio is presently 18.18%.

Insider Buying and Selling at Kennametal

In other Kennametal news, CEO Sanjay Chowbey acquired 7,000 shares of the stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $29.10 per share, with a total value of $203,700.00. Following the transaction, the chief executive officer owned 246,839 shares of the company's stock, valued at approximately $7,183,014.90. This trade represents a 2.92% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Judith Bacchus sold 9,676 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $30.29, for a total transaction of $293,086.04. Following the transaction, the vice president directly owned 15,721 shares in the company, valued at $476,189.09. The trade was a 38.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kennametal

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Kennametal in the 2nd quarter valued at $440,446,000. Arrowstreet Capital Limited Partnership increased its stake in Kennametal by 15.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,298,349 shares of the industrial products company's stock valued at $83,039,000 after buying an additional 307,209 shares during the period. William Blair Investment Management LLC acquired a new position in Kennametal in the 2nd quarter valued at $69,614,000. Medina Value Partners LLC purchased a new position in Kennametal during the 2nd quarter worth $43,007,296. Finally, NFJ Investment Group LLC purchased a new position in Kennametal during the 2nd quarter worth $36,202,000.

Kennametal Company Profile

Kennametal Inc NYSE: KMT is a global industrial technology company that develops and manufactures tooling, engineered components and wear-resistant solutions. Its products are designed to help customers improve productivity, durability and performance in demanding manufacturing and industrial applications.

The company's offerings include metal-cutting tools and systems, tooling components, advanced materials, and products made with hard metals and other wear-resistant technologies. Kennametal also provides engineered solutions for applications such as machining, earthworks, energy production, transportation, aerospace, defense and general engineering.

Founded in 1938 by Philip M.

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