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NYSE:KAI

Kadant (KAI) Stock Price, News & Analysis

$318.33
-5.75 (-1.77%)
(As of 10/22/2024 ET)

About Kadant Stock (NYSE:KAI)

Key Stats

Today's Range
$317.44
$323.67
50-Day Range
$301.11
$341.67
52-Week Range
$214.21
$363.40
Volume
37,262 shs
Average Volume
81,805 shs
Market Capitalization
$3.74 billion
P/E Ratio
32.75
Dividend Yield
0.40%
Price Target
$330.00
Consensus Rating
Moderate Buy

Company Overview

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.

Kadant Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
42nd Percentile Overall Score

KAI MarketRank™: 

Kadant scored higher than 42% of companies evaluated by MarketBeat, and ranked 133rd out of 173 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Kadant has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Kadant has only been the subject of 2 research reports in the past 90 days.

  • Read more about Kadant's stock forecast and price target.
  • Earnings Growth

    Earnings for Kadant are expected to grow by 7.65% in the coming year, from $9.93 to $10.69 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Kadant is 32.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.46.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Kadant is 32.75, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.65.

  • Price to Book Value per Share Ratio

    Kadant has a P/B Ratio of 4.80. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Kadant's valuation and earnings.
  • Percentage of Shares Shorted

    13.11% of the outstanding shares of Kadant have been sold short.
  • Short Interest Ratio / Days to Cover

    Kadant has a short interest ratio ("days to cover") of 22.2, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Kadant has recently increased by 6.21%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Kadant has a dividend yield of 0.38%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Kadant has been increasing its dividend for 11 years.

  • Dividend Coverage

    The dividend payout ratio of Kadant is 13.33%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Kadant will have a dividend payout ratio of 11.97% next year. This indicates that Kadant will be able to sustain or increase its dividend.

  • Read more about Kadant's dividend.
  • Percentage of Shares Shorted

    13.11% of the outstanding shares of Kadant have been sold short.
  • Short Interest Ratio / Days to Cover

    Kadant has a short interest ratio ("days to cover") of 22.2, which indicates bearish sentiment.
  • Change versus previous month

    Short interest in Kadant has recently increased by 6.21%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Kadant has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Kadant this week, compared to 3 articles on an average week.
  • MarketBeat Follows

    3 people have added Kadant to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Kadant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $674,800.00 in company stock.

  • Percentage Held by Insiders

    Only 1.40% of the stock of Kadant is held by insiders.

  • Percentage Held by Institutions

    96.13% of the stock of Kadant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Kadant's insider trading history.
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KAI Stock Analysis - Frequently Asked Questions

Kadant's stock was trading at $280.31 at the start of the year. Since then, KAI stock has increased by 13.6% and is now trading at $318.33.
View the best growth stocks for 2024 here
.

Kadant Inc. (NYSE:KAI) posted its earnings results on Tuesday, July, 30th. The industrial products company reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.38. The company's revenue was up 12.2% on a year-over-year basis.

Kadant subsidiaries include these companies: The Clouth Group of Companies, Balemaster, Cogent Industrial Technologies Ltd., Syntron Material Handling Group LLC, Unaflex LLC, RT Holding GmbH, Carmanah Design and Manufacturing Inc., and more.

Kadant's top institutional shareholders include Handelsbanken Fonder AB (0.94%), Raymond James & Associates (0.69%), Mountain Pacific Investment Advisers LLC (0.53%) and Allspring Global Investments Holdings LLC (0.36%). Insiders that own company stock include Michael J Mckenney, Jonathan W Painter, John M Albertine, Thomas C Leonard, Erin L Russell, Peter J Flynn, William P Tully, Michael C Colwell, Fredrik H Westerhout, Thomas Andrew Blanchard, Dara F Mitchell, Stacy D Krause and Eric T Langevin.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Kadant investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

Ex-Dividend for 8/8 Dividend
7/11/2024
Last Earnings
7/30/2024
Dividend Payable
8/08/2024
Ex-Dividend for 11/7 Dividend
10/10/2024
Today
10/22/2024
Next Earnings (Estimated)
10/29/2024
Dividend Payable
11/07/2024
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
$330.00
High Stock Price Target
$360.00
Low Stock Price Target
$300.00
Potential Upside/Downside
+3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$116.07 million
Pretax Margin
15.52%

Debt

Sales & Book Value

Annual Sales
$1.01 billion
Cash Flow
$12.52 per share
Book Value
$66.31 per share

Miscellaneous

Free Float
11,581,000
Market Cap
$3.74 billion
Optionable
Optionable
Beta
1.21

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This page (NYSE:KAI) was last updated on 10/22/2024 by MarketBeat.com Staff
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