NYSE:KAI - Kadant Stock Price, Forecast & News

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

Kadant declared a quarterly dividend on Thursday, November 21st. Stockholders of record on Thursday, January 9th will be given a dividend of $0.23 per share on Thursday, February 6th. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, January 8th. View Kadant's Dividend History.

Kadant Inc. (NYSE:KAI) issued its quarterly earnings results on Tuesday, October, 29th. The industrial products company reported $1.41 EPS for the quarter, topping the consensus estimate of $1.27 by $0.14. The industrial products company had revenue of $173.50 million for the quarter, compared to analysts' expectations of $172.94 million. Kadant had a net margin of 9.00% and a return on equity of 16.76%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. View Kadant's Earnings History.

Kadant is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Kadant.

Kadant issued an update on its fourth quarter earnings guidance on Tuesday, October, 29th. The company provided EPS guidance of $1.23-1.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38.

4 equities research analysts have issued 1-year price targets for Kadant's stock. Their forecasts range from $97.09 to $107.00. On average, they anticipate Kadant's share price to reach $103.03 in the next year. This suggests that the stock has a possible downside of 6.0%. View Analyst Price Targets for Kadant.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Kadant.

News articles about KAI stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Kadant earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Kadant.

Kadant saw a increase in short interest in December. As of December 13th, there was short interest totalling 524,000 shares, an increase of 6.5% from the November 28th total of 492,200 shares. Based on an average daily volume of 58,300 shares, the short-interest ratio is presently 9.0 days. Approximately 4.8% of the shares of the company are sold short. View Kadant's Current Options Chain.

Some companies that are related to Kadant include Illinois Tool Works (ITW), Ingersoll-Rand (IR), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Woodward, Inc.Common Stock (WWD), Gardner Denver (GDI), Donaldson (DCI) and Flowserve (FLS).

Based on aggregate information from My MarketBeat watchlists, some companies that other Kadant investors own include Pfizer (PFE), Altria Group (MO), Exxon Mobil (XOM), Comcast (CMCSA), Netflix (NFLX), Tractor Supply (TSCO), AbbVie (ABBV), The Coca-Cola (KO), Occidental Petroleum (OXY) and Southern (SO).

Kadant's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Boston Trust Walden Corp (1.17%), Clean Yield Group (0.08%) and Harel Insurance Investments & Financial Services Ltd. (0.01%). Company insiders that own Kadant stock include Eric T Langevin, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Sandra L Lambert, Thomas C Leonard and William P Tully. View Institutional Ownership Trends for Kadant.

KAI stock was sold by a variety of institutional investors in the last quarter, including Clean Yield Group. Company insiders that have sold Kadant company stock in the last year include Eric T Langevin, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Thomas C Leonard and William P Tully. View Insider Buying and Selling for Kadant.

KAI stock was bought by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp and Harel Insurance Investments & Financial Services Ltd.. View Insider Buying and Selling for Kadant.

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

One share of KAI stock can currently be purchased for approximately $109.62.

Kadant has a market capitalization of $1.24 billion and generates $633.79 million in revenue each year. Kadant employs 2,500 workers across the globe.View Additional Information About Kadant.

The official website for Kadant is http://www.kadant.com/.

Kadant's mailing address is ONE TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The industrial products company can be reached via phone at 978-776-2000 or via email at [email protected]