NYSE:KAI - Kadant Stock Price, Forecast & News

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

Kadant declared a quarterly dividend on Thursday, November 21st. Investors of record on Thursday, January 9th will be paid a dividend of $0.23 per share on Thursday, February 6th. This represents a $0.92 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, January 8th. View Kadant's Dividend History.

Kadant Inc. (NYSE:KAI) posted its quarterly earnings results on Tuesday, October, 29th. The industrial products company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.14. The industrial products company earned $173.50 million during the quarter, compared to analyst estimates of $172.94 million. Kadant had a net margin of 9.00% and a return on equity of 16.76%. The business's revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share. View Kadant's Earnings History.

Kadant is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Kadant.

Kadant updated its fourth quarter earnings guidance on Tuesday, October, 29th. The company provided earnings per share guidance of $1.23-1.31 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38.

4 brokerages have issued 1-year price objectives for Kadant's stock. Their forecasts range from $97.09 to $107.00. On average, they anticipate Kadant's stock price to reach $103.03 in the next twelve months. This suggests that the stock has a possible downside of 5.1%. View Analyst Price Targets for Kadant.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Kadant.

Media coverage about KAI stock has been trending somewhat negative on Monday, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Kadant earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Kadant.

Kadant saw a increase in short interest in December. As of December 13th, there was short interest totalling 524,000 shares, an increase of 6.5% from the November 28th total of 492,200 shares. Based on an average trading volume of 58,300 shares, the days-to-cover ratio is currently 9.0 days. Approximately 4.8% of the shares of the stock are short sold. View Kadant's Current Options Chain.

Some companies that are related to Kadant include Illinois Tool Works (ITW), Ingersoll-Rand (IR), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Woodward, Inc.Common Stock (WWD), Gardner Denver (GDI), Donaldson (DCI) and Middleby (MIDD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Kadant investors own include Pfizer (PFE), Altria Group (MO), Exxon Mobil (XOM), Comcast (CMCSA), Netflix (NFLX), Tractor Supply (TSCO), AbbVie (ABBV), The Coca-Cola (KO), Occidental Petroleum (OXY) and Southern (SO).

Kadant's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Boston Trust Walden Corp (1.17%), CWM LLC (0.52%), California Public Employees Retirement System (0.42%), Clean Yield Group (0.08%) and Harel Insurance Investments & Financial Services Ltd. (0.01%). 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.

KAI stock was sold by a variety of institutional investors in the last quarter, including Clean Yield Group. Company insiders that have sold Kadant company stock in the last year include Eric T Langevin, Jeffrey L Powell, John M Albertine, Jonathan W Painter, Michael J Mckenney, Thomas C Leonard and William P Tully. View Insider Buying and Selling for Kadant.

KAI stock was acquired by a variety of institutional investors in the last quarter, including CWM LLC, California Public Employees Retirement System, Boston Trust Walden Corp and Harel Insurance Investments & Financial Services Ltd.. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of KAI stock can currently be purchased for approximately $108.52.

Kadant has a market capitalization of $1.22 billion and generates $633.79 million in revenue each year. Kadant employs 2,500 workers across the globe.View Additional Information About Kadant.

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

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]