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NYSE:KAI

Kadant (KAI) Stock Price, News & Analysis

$269.99
-3.23 (-1.18%)
(As of 05/28/2024 ET)
Today's Range
$269.34
$276.64
50-Day Range
$261.50
$333.28
52-Week Range
$186.99
$354.02
Volume
74,095 shs
Average Volume
92,404 shs
Market Capitalization
$3.17 billion
P/E Ratio
28.12
Dividend Yield
0.47%
Price Target
$360.00

Kadant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
33.3% Upside
$360.00 Price Target
Short Interest
Bearish
9.80% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.84mentions of Kadant in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$2.90 M Sold Last Quarter
Proj. Earnings Growth
8.29%
From $10.01 to $10.84 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.31 out of 5 stars

Industrial Products Sector

79th out of 166 stocks

Special Industry Machinery, Except Metalworking Machinery Industry

3rd out of 4 stocks

KAI stock logo

About Kadant Stock (NYSE:KAI)

Kadant Inc. supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems. The Industrial Processing segment develops, manufactures, and markets ring and rotary debarkers, stranders, chippers, engineered knife systems, industrial automation and control, recycling and approach flow systems, and virgin pulping process equipment for use in the packaging, tissue, wood products, and alternative fuel industries. The Material Handling segment offers conveying and vibratory equipment, and baling products; and manufactures and sells biodegradable absorbent granules for carriers in agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. The company markets and sells its products, services, and systems through direct sales, independent sales agents, and distributors. The company was formerly known as Thermo Fibertek, Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was incorporated in 1991 and is headquartered in Westford, Massachusetts.

KAI Stock Price History

KAI Stock News Headlines

Kadant Inc. (KAI)
Kadant Authorizes Share Repurchase
Kadant Declares Cash Dividend
Q1 2024 Kadant Inc Earnings Call
Q1 2024 Kadant Inc Earnings Call Transcript
Forecasting The Future: 4 Analyst Projections For Kadant
Kadant Inc: Kadant Reports First Quarter 2024 Results
KAI Stock Earnings: Kadant Beats EPS, Beats Revenue for Q1 2024
Kadant: Q1 Earnings Snapshot
Kadant Reports First Quarter 2024 Results
Kadant earnings: here's what Wall Street expects
Validea Detailed Fundamental Analysis - KAI
Ex-Div Reminder for Kadant (KAI)
Kadant exec sells shares worth over $228k
Kadant increases dividend by ~10% to $0.32
Kadant Declares Cash Dividend
See More Headlines
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Company Calendar

Ex-Dividend for 5/8 Dividend
4/09/2024
Last Earnings
4/30/2024
Dividend Payable
5/08/2024
Today
5/28/2024
Next Earnings (Estimated)
8/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Special industry machinery, except metalworking machinery
Sub-Industry
Industrial Machinery
CUSIP
48282T10
Employees
3,100
Year Founded
1991

Price Target and Rating

Average Stock Price Target
$360.00
High Stock Price Target
$360.00
Low Stock Price Target
$360.00
Potential Upside/Downside
+33.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$116.07 million
Pretax Margin
15.75%

Debt

Sales & Book Value

Annual Sales
$957.67 million
Cash Flow
$12.75 per share
Book Value
$66.31 per share

Miscellaneous

Free Float
11,579,000
Market Cap
$3.17 billion
Optionable
Optionable
Beta
1.30

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KAI Stock Analysis - Frequently Asked Questions

Should I buy or sell Kadant stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" KAI shares.
View KAI analyst ratings
or view top-rated stocks.

What is Kadant's stock price target for 2024?

2 brokers have issued 12-month price objectives for Kadant's stock. Their KAI share price targets range from $360.00 to $360.00. On average, they expect the company's share price to reach $360.00 in the next year. This suggests a possible upside of 33.3% from the stock's current price.
View analysts price targets for KAI
or view top-rated stocks among Wall Street analysts.

How have KAI shares performed in 2024?

Kadant's stock was trading at $280.31 at the start of the year. Since then, KAI shares have decreased by 3.7% and is now trading at $269.99.
View the best growth stocks for 2024 here
.

When is Kadant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 6th 2024.
View our KAI earnings forecast
.

How were Kadant's earnings last quarter?

Kadant Inc. (NYSE:KAI) announced its quarterly earnings results on Tuesday, April, 30th. The industrial products company reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.42. The industrial products company earned $248.98 million during the quarter, compared to the consensus estimate of $245.56 million. Kadant had a trailing twelve-month return on equity of 15.60% and a net margin of 11.53%. The firm's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.40 earnings per share.

How often does Kadant pay dividends? What is the dividend yield for Kadant?

Kadant announced a quarterly dividend on Thursday, May 16th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.32 per share on Thursday, August 8th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, July 11th.
Read our dividend analysis for KAI
.

Is Kadant a good dividend stock?

Kadant (NYSE:KAI) pays an annual dividend of $1.28 per share and currently has a dividend yield of 0.47%. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 13.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KAI will have a dividend payout ratio of 11.81% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KAI.

What guidance has Kadant issued on next quarter's earnings?

Kadant updated its second quarter 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of 2.400-2.500 for the period, compared to the consensus earnings per share estimate of 2.530. The company issued revenue guidance of $258.0 million-$266.0 million, compared to the consensus revenue estimate of $266.1 million.

What is Jonathan W. (Jon) Painter's approval rating as Kadant's CEO?

7 employees have rated Kadant Chief Executive Officer Jonathan W. (Jon) Painter on Glassdoor.com. Jonathan W. (Jon) Painter has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Kadant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kadant investors own include Pfizer (PFE), AbbVie (ABBV), Altria Group (MO), Exxon Mobil (XOM), A. O. Smith (AOS), Eastman Chemical (EMN), Corning (GLW), Coca-Cola (KO), NVIDIA (NVDA) and ResMed (RMD).

Who are Kadant's major shareholders?

Kadant's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.24%), Wasatch Advisors LP (8.20%), Capital International Investors (5.21%), Chevy Chase Trust Holdings LLC (4.25%), Capital World Investors (2.41%) and Price T Rowe Associates Inc. MD (1.96%). Insiders that own company stock include Dara F Mitchell, Eric T Langevin, Erin L Russell, Fredrik H Westerhout, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael C Colwell, Michael J Mckenney, Peter J Flynn, Stacy D Krause, Stacy D Krause, Thomas Andrew Blanchard, Thomas C Leonard and William P Tully.
View institutional ownership trends
.

How do I buy shares of Kadant?

Shares of KAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Kadant have any subsidiaries?
The following companies are subsidiares of Kadant: Clouth & Kochenrath GmbH & Co. KG, Valon Kone Oy, Alcaidesa AG, Arcline Products LLC, Balemaster, Carmanah Design and Manufacturing Inc., Clouth & Kochenrath Beteiligungs GmbH, Clouth MBE Verwaltungs GmbH, Clouth Sprenger GmbH, Clouth Sprenger LLC, Clouth Sprenger Maschinenbau Beteiligungs GmbH, Cogent Industrial Technologies Ltd., Companhia Brasileira de Tecnologia Industrial, D.S.T. Pattern and Engineering Company Limited, East Chicago Machine Tool Corporation, Fiberprep Inc., Fibertek U.K. Limited, Gauld Equipment Manufacturing Company Inc., J&H Rentals Limited, Jining Huayi Light Industry Machinery Co. Ltd., Joh. Clouth Beteilgungs GmbH, Joh. Clouth Composite Technology Spolka z. o. o., Joh. Clouth GmbH, Joh. Clouth GmbH & Co. KG, Joh. Clouth PaperTec GmbH, Joh. Clouth Services Ltd., Joh. Clouth Sprenger Maschinenbau Eltmann GmbH & Co. KG, Joh. Clouth Technical Service GmbH, Johnson Corporation (JoCo) Limited, Johnson-Fluiten Srl, Kadant Asia Holdings Inc., Kadant Australia Pty Ltd, Kadant BC- Lamort UK Limited, Kadant Black Clawson LLC, Kadant Canada Corp., Kadant Cayman Ltd., Kadant Composites LLC, Kadant Cyprus (Canada) Limited, Kadant Fibergen Inc., Kadant Fiberline (China) Co. Ltd., Kadant GranTek Inc., Kadant India Private Limited, Kadant International Holdings LLC, Kadant Japan KK, Kadant Johnson, Kadant Johnson (Wuxi) Technology Ltd., Kadant Johnson Argentina S.A., Kadant Johnson Australia Pty Limited, Kadant Johnson China-TZ Holding Inc., Kadant Johnson Corporation Asia Pacific Pty Ltd, Kadant Johnson Deutschland GmbH, Kadant Johnson Europe B.V., Kadant Johnson Holdings Inc., Kadant Johnson LLC, Kadant Johnson Latin America Holding Inc., Kadant Johnson Systems International - S.r.l., Kadant Johnson Systems International Limited, Kadant Lamort S.L., Kadant Lamort S.r.l., Kadant Lamort SAS, Kadant Luxembourg Holdings S.à r.l., Kadant Luxembourg S.à r.l., Kadant Mexico S.A. de C.V., Kadant Nordic AB, Kadant Northern U.S. LLC, Kadant Northern UK Co. Ltd., Kadant Noss AB, Kadant PAAL GmbH, Kadant PAAL Holding GmbH, Kadant PAAL LLC, Kadant PAAL Limited, Kadant PAAL S.A., Kadant PAAL SAS, Kadant South America Ltda., Kadant Syntron Holdings LLC, Kadant U.K. Limited, Kadant UK Holdings Limited, Kadant Unaflex LLC, M-clean Papertech AB, Nicholson Manufacturing Company LLC, Nicholson Manufacturing Ltd., Noss Group, RT Holding GmbH, Radiance SAS, Sundance Partners LLC, Syntron Material Handling (Changshu) Co. Ltd., Syntron Material Handling (Changshu) Trading Co. Ltd., Syntron Material Handling Group LLC, Syntron Material Handling Holdings LLC, Syntron Material Handling Holdings Limited, Syntron Material Handling Intermediate Holdings LLC, Syntron Material Handling LLC, Tengzhou Feixuan Rotary Joints Manufacturing Co. Ltd., The Clouth Group of Companies, The Johnson Corporation de Mexico S.A. de C.V., Thermo Black Clawson, Unaflex LLC, VK North America LLC, VN Services NV, Valon Kone AB, Valon Kone OOO, Verus Lebanon LLC, Vickerys Limited, and Winterburn Limited.
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This page (NYSE:KAI) was last updated on 5/28/2024 by MarketBeat.com Staff

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