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NYSE:KAI

Kadant (KAI) Stock Price, News & Analysis

$331.84
-1.68 (-0.50%)
(As of 07/19/2024 08:55 PM ET)
Today's Range
$330.44
$336.00
50-Day Range
$269.11
$341.28
52-Week Range
$196.99
$354.02
Volume
52,500 shs
Average Volume
89,833 shs
Market Capitalization
$3.90 billion
P/E Ratio
34.57
Dividend Yield
0.39%
Price Target
$360.00

Kadant MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
8.5% Upside
$360.00 Price Target
Short Interest
Bearish
12.18% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.70mentions of Kadant in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$310,526 Sold Last Quarter
Proj. Earnings Growth
9.47%
From $10.03 to $10.98 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.

1.85 out of 5 stars

Industrial Products Sector

137th out of 167 stocks

Special Industry Machinery, Except Metalworking Machinery Industry

4th 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

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Kadant Acquires Dynamic Sealing Technologies
Kadant Inc. (KAI)
Kadant Authorizes Share Repurchase
Kadant Declares Cash Dividend
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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
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
Ex-Dividend for 8/8 Dividend
7/11/2024
Today
7/21/2024
Next Earnings (Estimated)
8/06/2024
Dividend Payable
8/08/2024
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
+8.5%
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
$12.91 per share
Book Value
$66.31 per share

Miscellaneous

Free Float
11,579,000
Market Cap
$3.90 billion
Optionable
Optionable
Beta
1.24

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KAI Stock Analysis - Frequently Asked Questions

How have KAI shares performed this year?

Kadant's stock was trading at $280.31 at the beginning of the year. Since then, KAI shares have increased by 18.4% and is now trading at $331.84.
View the best growth stocks for 2024 here
.

How were Kadant's earnings last quarter?

Kadant Inc. (NYSE:KAI) issued its quarterly earnings results on Tuesday, April, 30th. The industrial products company reported $2.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.96 by $0.42. The company's revenue for the quarter was up 8.4% compared to the same quarter last year.

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.

Does Kadant have any subsidiaries?

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 others.

Who are Kadant's major shareholders?

Kadant's top institutional investors include Raymond James & Associates (0.72%), Mountain Pacific Investment Advisers LLC (0.52%), Confluence Investment Management LLC (0.11%) and Dudley & Shanley Inc. (0.09%). Insiders that own company stock include Michael J Mckenney, Thomas C Leonard, Jonathan W Painter, John M Albertine, Erin L Russell, Peter J Flynn, William P Tully, Michael C Colwell, Fredrik H Westerhout, Thomas Andrew Blanchard, Dara F Mitchell, Jeffrey L Powell, Stacy D Krause and Eric T Langevin.
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.

What other stocks do shareholders of Kadant own?

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

This page (NYSE:KAI) was last updated on 7/22/2024 by MarketBeat.com Staff

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