Kadant (KAI) Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" KAI shares.
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2 brokerages have issued twelve-month price targets for Kadant's shares. Their KAI share price forecasts range from $205.00 to $229.00. On average, they expect the company's share price to reach $217.00 in the next twelve months. This suggests a possible upside of 14.4% from the stock's current price.
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Kadant's stock was trading at $177.63 at the beginning of the year. Since then, KAI shares have increased by 6.8% and is now trading at $189.72.
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Kadant saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 276,900 shares, an increase of 26.1% from the April 30th total of 219,600 shares. Based on an average daily volume of 61,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 2.4% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our KAI earnings forecast.

Kadant Inc. (NYSE:KAI) issued its quarterly earnings data on Tuesday, May, 2nd. The industrial products company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.13 by $0.27. The industrial products company had revenue of $229.80 million for the quarter, compared to analysts' expectations of $221.63 million. Kadant had a trailing twelve-month return on equity of 17.12% and a net margin of 11.87%. The business's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.28 EPS.

Kadant announced a quarterly dividend on Thursday, May 18th. Stockholders of record on Thursday, July 13th will be given a dividend of $0.29 per share on Thursday, August 10th. This represents a $1.16 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, July 12th.
Read our dividend analysis for KAI.

ETFs with the largest weight of Kadant (NYSE:KAI) stock in their portfolio include Opus Small Cap Value Plus ETF (OSCV), ProShares Russell 2000 Dividend Growers ETF (SMDV), Invesco DWA SmallCap Momentum ETF (DWAS), Janus Henderson Small Cap Growth Alpha ETF (JSML), Royce Quant Small-Cap Quality Value ETF (SQLV), First Trust Small Cap Growth AlphaDEX Fund (FYC),

Kadant (NYSE:KAI) pays an annual dividend of $1.16 per share and currently has a dividend yield of 0.61%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 12.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KAI will have a dividend payout ratio of 12.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KAI.

Kadant issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $2.05-$2.15 for the period, compared to the consensus earnings per share estimate of $2.27. The company issued revenue guidance of $230.00 million-$235.00 million, compared to the consensus revenue estimate of $227.38 million.

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.

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).

Kadant trades on the New York Stock Exchange (NYSE) under the ticker symbol "KAI."

Kadant's stock is owned by many different retail and institutional investors. Top institutional shareholders include Wasatch Advisors LP (12.41%), BlackRock Inc. (7.43%), Neuberger Berman Group LLC (7.40%), Chevy Chase Trust Holdings LLC (4.85%), Macquarie Group Ltd. (3.80%) and Brown Brothers Harriman & Co. (3.28%). Insiders that own company stock include Dara F Mitchell, Eric T Langevin, Erin L Russell, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Stacy D Krause, Stacy D Krause, Thomas C Leonard and William P Tully.
View institutional ownership trends.

Shares of KAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KAI stock can currently be purchased for approximately $189.72.

Kadant (NYSE:KAI) has a market capitalization of $2.22 billion and generates $904.74 million in revenue each year. The industrial products company earns $120.93 million in net income (profit) each year or $9.22 on an earnings per share basis.

The company employs 3,100 workers across the globe.

Kadant's mailing address is ONE TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The official website for the company is www.kadant.com. The industrial products company can be reached via phone at (978) 776-2000, via email at mike.mckenney@kadant.com, or via fax at 978-635-1593.