Kadant (KAI) Stock Forecast, Price & News

2 Wall Street research 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 research analysts is that investors should "buy" KAI shares.
View KAI analyst ratings or view top-rated stocks.

2 brokerages have issued 12-month price targets for Kadant's stock. Their KAI share price forecasts range from $205.00 to $229.00. On average, they expect the company's stock price to reach $217.00 in the next twelve months. This suggests a possible upside of 1.0% from the stock's current price.
View analysts price targets for KAI or view top-rated stocks among Wall Street analysts.

Kadant's stock was trading at $177.63 at the beginning of the year. Since then, KAI stock has increased by 21.0% and is now trading at $214.87.
View the best growth stocks for 2023 here.

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 currently 4.5 days. Approximately 2.4% of the shares of the stock are sold short.
View Kadant's Short Interest.

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) announced its earnings results on Tuesday, May, 2nd. The industrial products company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $2.13 by $0.27. The industrial products company earned $229.80 million during 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 firm's quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 EPS.

Kadant announced a quarterly dividend on Thursday, May 18th. Shareholders 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 dividend yield of 0.54%. 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), Franklin U.S. Small Cap Multifactor Index ETF (FLQS) and Small Cap US Equity Select ETF (RNSC).

Kadant (NYSE:KAI) pays an annual dividend of $1.16 per share and currently has a dividend yield of 0.56%. 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 updated 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 EPS 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 a variety of retail and institutional investors. Top institutional investors 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.
Compare Top Brokerages Here.

One share of KAI stock can currently be purchased for approximately $214.87.

Kadant (NYSE:KAI) has a market capitalization of $2.51 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.