NYSE:KAI - Kadant Stock Price, News & Analysis

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

Kadant declared a quarterly dividend on Wednesday, September 11th. Investors of record on Thursday, October 10th will be given a dividend of $0.23 per share on Thursday, November 7th. This represents a $0.92 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, October 9th. View Kadant's Dividend History.

Kadant Inc. (NYSE:KAI) announced its quarterly earnings data on Tuesday, July, 30th. The industrial products company reported $1.42 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.11 by $0.31. The industrial products company earned $177.20 million during the quarter, compared to analyst estimates of $168.67 million. Kadant had a net margin of 9.50% and a return on equity of 17.67%. Kadant's revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. View Kadant's Earnings History.

Kadant is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Kadant.

Kadant issued an update on its FY19 earnings guidance on Tuesday, July, 30th. The company provided earnings per share (EPS) guidance of $5.26-5.38 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.38. The company issued revenue guidance of $700-710 million, compared to the consensus revenue estimate of $705.19 million.

3 equities research analysts have issued 12-month target prices for Kadant's stock. Their predictions range from $97.09 to $110.00. On average, they expect Kadant's stock price to reach $103.5450 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Kadant.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kadant in the last year. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Kadant.

Headlines about KAI stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 0.9 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Kadant.

Kadant saw a increase in short interest in August. As of August 31st, there was short interest totalling 518,400 shares, an increase of 8.2% from the July 31st total of 478,900 shares. Based on an average daily volume of 67,300 shares, the short-interest ratio is currently 7.7 days. Approximately 4.8% of the shares of the stock are sold short. View Kadant's Current Options Chain.

Some companies that are related to Kadant include GrafTech International (EAF), Axon Enterprise (AAXN), Cimpress (CMPR), G4S/ADR (GFSZY), Amada Holdings Unspon Adr Rep (AMDLY), Kawasaki Heavy Industries (KWHIY), Snc-Lavalin Group (SNC), UniFirst (UNF), ANDRITZ AG/ADR (ADRZY), DuluxGroup (DLX), Colfax (CFX), John Bean Technologies (JBT), Travis Perkins (TPK), Timken (TKR) and Silgan (SLGN).

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

Kadant's stock is owned by a number of of institutional and retail investors. Top institutional investors include Wasatch Advisors Inc. (11.11%), BlackRock Inc. (8.37%), Handelsbanken Fonder AB (5.77%), Vanguard Group Inc. (4.73%), Wells Fargo & Company MN (3.90%) and Brown Advisory Inc. (3.33%). 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 Renaissance Technologies LLC, Morgan Stanley, JPMorgan Chase & Co., Citadel Advisors LLC, Russell Investments Group Ltd., Eagle Asset Management Inc., Prudential Financial Inc. and Phocas Financial Corp.. Company insiders that have sold Kadant company stock in the last year include Eric T Langevin, 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 purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., Wasatch Advisors Inc., Monarch Partners Asset Management LLC, Pictet Asset Management Ltd., Pictet Asset Management Ltd., Handelsbanken Fonder AB and Atria Investments LLC. 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 $89.92.

Kadant has a market capitalization of $1.01 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]