NYSE:KAI - Kadant Stock Price, News, & Analysis

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$87.67 +1.78 (+2.07 %)
(As of 03/25/2019 10:38 AM ET)
Previous Close$85.89
Today's Range$85.1950 - $87.67
52-Week Range$76.44 - $111.85
Volume21,838 shs
Average Volume60,511 shs
Market Capitalization$974.89 million
P/E Ratio16.11
Dividend Yield1.02%
Beta1.08
Kadant Inc. supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, as well as related equipment used in the processing of recyclable and waste materials; and fluid-handling systems and equipment used in industrial piping systems to compensate for movement, as well as to transfer fluid, power, and data. This segment also offers doctoring systems and equipment, and related consumables to enhance the operation of paper machines and other industrial processes; and filtration and cleaning systems for draining, purifying, and recycling process water, as well as cleaning fabrics, belts, and rolls in various process industries. The Wood Processing Systems segment develops, manufactures, markets, and supplies debarkers, stranders, chippers, logging machinery, and related equipment used in the harvesting and production of lumber and oriented strand board, an engineered wood panel product used primarily in home construction. This segment also provides pulping equipment refurbishment and repair services for the pulp and paper industry. The company also manufactures and sells granules for use in turf and ornamental applications, and oil and grease absorption, as well as carriers for agricultural, home lawn and garden, and professional lawn applications; and provides material handling equipment and systems to various process industries. The company was formerly known as Thermo Fibertek Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was founded in 1991 and is headquartered in Westford, Massachusetts.

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Industry, Sector and Symbol

Industry Special industry machinery, except metalworking machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
CUSIP48282T10
Phone978-776-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$633.79 million
Cash Flow$7.7791 per share
Book Value$33.72 per share

Profitability

Net Income$60.41 million

Miscellaneous

Employees2,500
Market Cap$974.89 million
Next Earnings Date4/29/2019 (Estimated)
OptionableOptionable

Kadant (NYSE:KAI) Frequently Asked Questions

What is Kadant's stock symbol?

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

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

Kadant declared a quarterly dividend on Wednesday, March 6th. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.23 per share on Tuesday, May 7th. This represents a $0.92 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Monday, April 8th. This is an increase from Kadant's previous quarterly dividend of $0.22. View Kadant's Dividend History.

How will Kadant's stock buyback program work?

Kadant announced that its board has approved a share repurchase program on Sunday, June 4th 2017, which authorizes the company to buyback $20,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 2.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

How were Kadant's earnings last quarter?

Kadant Inc. (NYSE:KAI) issued its earnings results on Thursday, February, 14th. The industrial products company reported $1.66 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.31. The industrial products company earned $163.94 million during the quarter, compared to analysts' expectations of $160.67 million. Kadant had a return on equity of 17.14% and a net margin of 9.53%. The business's revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.14 EPS. View Kadant's Earnings History.

When is Kadant's next earnings date?

Kadant is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Kadant.

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

Kadant issued an update on its FY19 earnings guidance on Wednesday, February, 13th. The company provided earnings per share (EPS) guidance of $5.20-5.35 for the period, compared to the Thomson Reuters consensus estimate of $5.58. The company issued revenue guidance of $700-710 million, compared to the consensus revenue estimate of $763.70 million.Kadant also updated its FY 2019 guidance to $5.20-5.35 EPS.

What price target have analysts set for KAI?

2 brokerages have issued twelve-month price targets for Kadant's stock. Their predictions range from $110.00 to $110.00. On average, they anticipate Kadant's share price to reach $110.00 in the next twelve months. This suggests a possible upside of 25.9% from the stock's current price. View Analyst Price Targets for Kadant.

What is the consensus analysts' recommendation for Kadant?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Kadant.

What are Wall Street analysts saying about Kadant stock?

Here are some recent quotes from research analysts about Kadant stock:
  • 1. According to Zacks Investment Research, "Kadant Inc. is a leading supplier of a range of products and systems for the global papermaking and paper-recycling industries, including de-inking systems, stock-preparation equipment, water-management systems, and papermaking accessories. Through its majority-owned Thermo Fibergen subsidiary, the company also develops and commercializes composite building materials produced from natural fiber and recycled plastic. Kadant is a public subsidiary of Thermo Electron Corporation.(Press Release) " (2/22/2019)
  • 2. Barrington Research analysts commented, "We are reiterating our OUTPERFORM investment rating based on the company’s strong parts and consumables revenue mix, which provides economic insulation; solid free cash flow generation, which was further strengthened through this acquisition; and sound capital allocation practices, evident by its adjusted ROIC and shareholder returns." (1/28/2019)

Has Kadant been receiving favorable news coverage?

News headlines about KAI stock have been trending positive this week, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Kadant earned a media sentiment score of 3.0 on InfoTrie's scale. They also assigned news stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next several days.

Who are some of Kadant's key competitors?

What other stocks do shareholders of Kadant own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kadant investors own include Netflix (NFLX), Pfizer (PFE), Micron Technology (MU), Ensco (ESV), Splunk (SPLK), Extreme Networks (EXTR), The Coca-Cola (KO), Tractor Supply (TSCO), Carbonite (CARB) and Adamis Pharmaceuticals (ADMP).

Who are Kadant's key executives?

Kadant's management team includes the folowing people:
  • Mr. Jonathan W. Painter, Pres, CEO & Director (Age 60)
  • Mr. Michael J. McKenney, Exec. VP & CFO (Age 57)
  • Mr. Eric T. Langevin, Exec. VP & Co-COO (Age 56)
  • Mr. Jeffrey L. Powell, Exec. VP & Co-COO (Age 60)
  • Ms. Deborah S. Selwood, VP & Chief Accounting Officer (Age 50)

Who are Kadant's major shareholders?

Kadant's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.11%), Handelsbanken Fonder AB (6.94%), Macquarie Group Ltd. (6.34%), Royce & Associates LP (5.16%), Dimensional Fund Advisors LP (4.96%) and Brown Advisory Inc. (3.51%). 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.

Which institutional investors are selling Kadant stock?

KAI stock was sold by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., BlackRock Inc., Dimensional Fund Advisors LP, Brown Advisory Inc., SG Americas Securities LLC, Northpointe Capital LLC, Chartwell Investment Partners LLC and Phocas Financial Corp.. Company insiders that have sold Kadant company stock in the last year include John M Albertine, Michael J Mckenney, Thomas C Leonard and William P Tully. View Insider Buying and Selling for Kadant.

Which institutional investors are buying Kadant stock?

KAI stock was purchased by a variety of institutional investors in the last quarter, including Handelsbanken Fonder AB, Royce & Associates LP, Macquarie Group Ltd., Millennium Management LLC, Stifel Financial Corp, Ceredex Value Advisors LLC, Thrivent Financial for Lutherans and Two Sigma Investments LP. View Insider Buying and Selling for Kadant.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Kadant's stock price today?

One share of KAI stock can currently be purchased for approximately $87.35.

How big of a company is Kadant?

Kadant has a market capitalization of $971.33 million and generates $633.79 million in revenue each year. Kadant employs 2,500 workers across the globe.

What is Kadant's official website?

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

How can I contact Kadant?

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]


MarketBeat Community Rating for Kadant (NYSE KAI)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  203 (Vote Outperform)
Underperform Votes:  252 (Vote Underperform)
Total Votes:  455
MarketBeat's community ratings are surveys of what our community members think about Kadant and other stocks. Vote "Outperform" if you believe KAI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KAI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/25/2019 by MarketBeat.com Staff

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