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NYSE:KAI

Kadant (KAI) Stock Price, News & Analysis

$329.90
-7.40 (-2.19%)
(As of 11:20 AM ET)
Today's Range
$329.50
$336.48
50-Day Range
$258.74
$340.62
52-Week Range
$183.19
$354.02
Volume
35,195 shs
Average Volume
93,325 shs
Market Capitalization
$3.87 billion
P/E Ratio
33.32
Dividend Yield
0.35%
Price Target
$300.00

Kadant MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.8% Downside
$300.00 Price Target
Short Interest
Bearish
7.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.34mentions of Kadant in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.82%
From $9.98 to $10.86 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.

1.70 out of 5 stars

Industrial Products Sector

146th out of 174 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 through 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, shower and fabric-conditioning systems, formation systems, and water-filtration systems. The Industrial Processing segment develops, manufactures, and markets ring and rotary debarkers, stranders, chippers, logging machinery, industrial automation and control systems, 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 balers and related equipment; and manufactures and sells biodegradable absorbent granules for carriers in as carriers in agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. 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

Kadant Full Year 2023 Earnings: Beats Expectations
Returns On Capital At Kadant (NYSE:KAI) Have Stalled
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Kadant Inc. (NYSE:KAI) Q4 2023 Earnings Call Transcript
Q4 2023 Kadant Inc Earnings Call
KAI Jul 2024 310.000 call
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
Kadant Reports Fourth Quarter and Fiscal Year 2023 Results
Kadant (KAI) Q4 Earnings and Revenues Surpass Estimates
Kadant Reports Fourth Quarter and Fiscal Year 2023 Results
Kadant Acquires KWS Manufacturing Company
Kadant, Inc.
Kadant Inc: Kadant Completes Acquisition of Key Knife, Inc.
Kadant To Acquire Key Knife For About $156 Mln In Cash
Kadant Inc: Kadant to Acquire Key Knife, Inc.
Kadant to Acquire Key Knife, Inc.
See More Headlines
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Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 2/1 Dividend
1/03/2024
Dividend Payable
2/01/2024
Today
3/01/2024
Next Earnings (Estimated)
5/07/2024
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
$300.00
High Stock Price Target
$300.00
Low Stock Price Target
$300.00
Potential Upside/Downside
-10.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$116.07 million
Pretax Margin
16.60%

Debt

Sales & Book Value

Annual Sales
$957.67 million
Cash Flow
$13.05 per share
Book Value
$66.24 per share

Miscellaneous

Free Float
11,543,000
Market Cap
$3.94 billion
Optionable
Optionable
Beta
1.25

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KAI Stock Analysis - Frequently Asked Questions

Should I buy or sell Kadant stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KAI shares.
View KAI analyst ratings
or view top-rated stocks.

What is Kadant's stock price target for 2024?

3 equities research analysts have issued 12 month price objectives for Kadant's stock. Their KAI share price targets range from $300.00 to $300.00. On average, they predict the company's share price to reach $300.00 in the next year. This suggests that the stock has a possible downside of 10.8%.
View analysts price targets for KAI
or view top-rated stocks among Wall Street analysts.

How have KAI shares performed in 2024?

Kadant's stock was trading at $280.31 at the start of the year. Since then, KAI shares have increased by 19.9% and is now trading at $336.22.
View the best growth stocks for 2024 here
.

Are investors shorting Kadant?

Kadant saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 813,700 shares, an increase of 9.0% from the January 15th total of 746,200 shares. Based on an average daily trading volume, of 76,700 shares, the short-interest ratio is presently 10.6 days. Currently, 7.0% of the company's shares are short sold.
View Kadant's Short Interest
.

When is Kadant's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our KAI earnings forecast
.

How were Kadant's earnings last quarter?

Kadant Inc. (NYSE:KAI) issued its quarterly earnings data on Tuesday, August, 1st. The industrial products company reported $2.54 EPS for the quarter, topping the consensus estimate of $2.12 by $0.42. The industrial products company had revenue of $245 million for the quarter, compared to analysts' expectations of $231.14 million. Kadant had a trailing twelve-month return on equity of 16.20% and a net margin of 12.12%. Kadant's quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.24 EPS.

How often does Kadant pay dividends? What is the dividend yield for Kadant?

Kadant announced a quarterly dividend on Thursday, November 16th. Stockholders of record on Thursday, January 4th will be paid a dividend of $0.29 per share on Thursday, February 1st. This represents a $1.16 annualized dividend and a yield of 0.35%. The ex-dividend date is Wednesday, January 3rd.
Read our dividend analysis for KAI
.

Is Kadant a good dividend stock?

Kadant (NYSE:KAI) pays an annual dividend of $1.16 per share and currently has a dividend yield of 0.35%. 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 11.72%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KAI will have a dividend payout ratio of 10.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KAI.

What guidance has Kadant issued on next quarter's earnings?

Kadant updated its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share guidance of 9.750-10.050 for the period, compared to the consensus estimate of 9.860. The company issued revenue guidance of $1.0 billion-$1.1 billion, compared to the consensus revenue estimate of $968.0 million.

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.

What other stocks do shareholders of Kadant own?

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).

Who are Kadant's major shareholders?

Kadant's stock is owned by a variety of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (9.09%), Neuberger Berman Group LLC (7.79%), Vanguard Group Inc. (5.65%), Chevy Chase Trust Holdings LLC (4.57%), Dimensional Fund Advisors LP (2.80%) and Price T Rowe Associates Inc. MD (1.97%). Insiders that own company stock include Dara F Mitchell, Eric T Langevin, Erin L Russell, Fredrik H Westerhout, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael C Colwell, Michael J Mckenney, Peter J Flynn, Stacy D Krause, Stacy D Krause, Thomas Andrew Blanchard, Thomas C Leonard and William P Tully.
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.

Does Kadant have any subsidiaries?
The following companies are subsidiares of Kadant: Clouth & Kochenrath GmbH & Co. KG, Valon Kone Oy, Alcaidesa AG, Arcline Products LLC, Balemaster, Carmanah Design and Manufacturing Inc., Clouth & Kochenrath Beteiligungs GmbH, Clouth MBE Verwaltungs GmbH, Clouth Sprenger GmbH, Clouth Sprenger LLC, Clouth Sprenger Maschinenbau Beteiligungs GmbH, Cogent Industrial Technologies Ltd., Companhia Brasileira de Tecnologia Industrial, D.S.T. Pattern and Engineering Company Limited, East Chicago Machine Tool Corporation, Fiberprep Inc., Fibertek U.K. Limited, Gauld Equipment Manufacturing Company Inc., J&H Rentals Limited, Jining Huayi Light Industry Machinery Co. Ltd., Joh. Clouth Beteilgungs GmbH, Joh. Clouth Composite Technology Spolka z. o. o., Joh. Clouth GmbH, Joh. Clouth GmbH & Co. KG, Joh. Clouth PaperTec GmbH, Joh. Clouth Services Ltd., Joh. Clouth Sprenger Maschinenbau Eltmann GmbH & Co. KG, Joh. Clouth Technical Service GmbH, Johnson Corporation (JoCo) Limited, Johnson-Fluiten Srl, Kadant Asia Holdings Inc., Kadant Australia Pty Ltd, Kadant BC- Lamort UK Limited, Kadant Black Clawson LLC, Kadant Canada Corp., Kadant Cayman Ltd., Kadant Composites LLC, Kadant Cyprus (Canada) Limited, Kadant Fibergen Inc., Kadant Fiberline (China) Co. Ltd., Kadant GranTek Inc., Kadant India Private Limited, Kadant International Holdings LLC, Kadant Japan KK, Kadant Johnson, Kadant Johnson (Wuxi) Technology Ltd., Kadant Johnson Argentina S.A., Kadant Johnson Australia Pty Limited, Kadant Johnson China-TZ Holding Inc., Kadant Johnson Corporation Asia Pacific Pty Ltd, Kadant Johnson Deutschland GmbH, Kadant Johnson Europe B.V., Kadant Johnson Holdings Inc., Kadant Johnson LLC, Kadant Johnson Latin America Holding Inc., Kadant Johnson Systems International - S.r.l., Kadant Johnson Systems International Limited, Kadant Lamort S.L., Kadant Lamort S.r.l., Kadant Lamort SAS, Kadant Luxembourg Holdings S.à r.l., Kadant Luxembourg S.à r.l., Kadant Mexico S.A. de C.V., Kadant Nordic AB, Kadant Northern U.S. LLC, Kadant Northern UK Co. Ltd., Kadant Noss AB, Kadant PAAL GmbH, Kadant PAAL Holding GmbH, Kadant PAAL LLC, Kadant PAAL Limited, Kadant PAAL S.A., Kadant PAAL SAS, Kadant South America Ltda., Kadant Syntron Holdings LLC, Kadant U.K. Limited, Kadant UK Holdings Limited, Kadant Unaflex LLC, M-clean Papertech AB, Nicholson Manufacturing Company LLC, Nicholson Manufacturing Ltd., Noss Group, RT Holding GmbH, Radiance SAS, Sundance Partners LLC, Syntron Material Handling (Changshu) Co. Ltd., Syntron Material Handling (Changshu) Trading Co. Ltd., Syntron Material Handling Group LLC, Syntron Material Handling Holdings LLC, Syntron Material Handling Holdings Limited, Syntron Material Handling Intermediate Holdings LLC, Syntron Material Handling LLC, Tengzhou Feixuan Rotary Joints Manufacturing Co. Ltd., The Clouth Group of Companies, The Johnson Corporation de Mexico S.A. de C.V., Thermo Black Clawson, Unaflex LLC, VK North America LLC, VN Services NV, Valon Kone AB, Valon Kone OOO, Verus Lebanon LLC, Vickerys Limited, and Winterburn Limited.
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This page (NYSE:KAI) was last updated on 3/1/2024 by MarketBeat.com Staff