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, and markets stranders, debarkers, chippers, and logging machinery 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. 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.
Industry, Sector and Symbol
Industry Special industry machinery, except metalworking machinery
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
SymbolNYSE:KAI
CUSIP48282T10
Phone978-776-2000
Debt
Debt-to-Equity Ratio0.73%
Current Ratio2.01%
Quick Ratio1.37%
Price-To-Earnings
Trailing P/E Ratio21.68
Forward P/E Ratio19.30
P/E GrowthN/A
Sales & Book Value
Annual Sales$515.03 million
Price / Sales2.08
Cash Flow$6.2718 per share
Price / Cash15.45
Book Value$30.21 per share
Price / Book3.21
Profitability
EPS (Most Recent Fiscal Year)$4.49
Net Income$31.09 million
Net Margins6.04%
Return on Equity15.93%
Return on Assets7.92%
Miscellaneous
Employees2,400
Outstanding Shares11,030,000
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 announced a quarterly dividend on Friday, March 9th. Stockholders of record on Thursday, April 12th will be paid a dividend of $0.22 per share on Thursday, May 10th. This represents a $0.88 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, April 11th. This is a positive change from Kadant's previous quarterly dividend of $0.21. View Kadant's Dividend History.
How will Kadant's stock buyback program work?
Kadant announced that its board has initiated a share buyback program on Sunday, June 4th 2017, which authorizes the company to repurchase $20,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
How were Kadant's earnings last quarter?
Kadant (NYSE:KAI) announced its earnings results on Thursday, February, 15th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.06. The industrial products company had revenue of $149.14 million for the quarter, compared to analyst estimates of $144.50 million. Kadant had a net margin of 6.04% and a return on equity of 15.93%. View Kadant's Earnings History.
When is Kadant's next earnings date?
What price target have analysts set for KAI?
3 brokerages have issued twelve-month price objectives for Kadant's shares. Their forecasts range from $102.00 to $110.00. On average, they expect Kadant's share price to reach $106.00 in the next year. View Analyst Ratings for Kadant.
Who are some of Kadant's key competitors?
Some companies that are related to Kadant include Spx Flow (FLOW), Albany International (AIN), Mobile Mini (MINI), Franklin Electric (FELE), Alarm.com (ALRM), Balfour Beatty (BBY), Brady (BRC), Chart Industries (GTLS), Harsco (HSC), Kaiser Aluminum (KALU), Kaman Aircraft (KAMN), iRobot (IRBT), EnPro Industries (NPO), MRC Global (MRC), Sun Hydraulics (SNHY), Mueller Water Products (MWA), Century Aluminum (CENX) and Mueller Industries (MLI).
Who are Kadant's key executives?
Kadant's management team includes the folowing people:
- Mr. Jonathan W. Painter, Pres, CEO & Director (Age 59)
- Mr. Michael J. McKenney, Exec. VP & CFO (Age 56)
- Mr. Eric T. Langevin, Exec. VP & Co-COO (Age 55)
- Mr. Jeffrey L. Powell, Exec. VP & Co-COO (Age 59)
- Ms. Sandra L. Lambert, VP, Gen. Counsel & Sec. (Age 62)
Has Kadant been receiving favorable news coverage?
Media headlines about KAI stock have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kadant earned a coverage optimism score of 0.25 on Accern's scale. They also assigned news coverage about the industrial products company an impact score of 46.55 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
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 $96.90.
How big of a company is Kadant?
Kadant has a market capitalization of $1.09 billion and generates $515.03 million in revenue each year. The industrial products company earns $31.09 million in net income (profit) each year or $4.49 on an earnings per share basis. Kadant employs 2,400 workers across the globe.
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 (KAI)
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.
Kadant (NYSE:KAI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Kadant in the last 12 months. Their average twelve-month price target is $106.00, suggesting that the stock has a possible upside of 9.39%. The high price target for KAI is $110.00 and the low price target for KAI is $102.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 2.67 | 2.67 | 2.67 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $106.00 | $106.00 | $94.00 | $94.00 |
| Price Target Upside: | 9.39% upside | 11.23% upside | 5.76% downside | 5.76% downside |
Kadant (NYSE:KAI) Consensus Price Target History
Kadant (NYSE:KAI) Analyst Ratings History
Show:
(Data available from 4/20/2016 forward)
Kadant (NYSE:KAI) Dividend Information
Kadant pays an annual dividend of $0.88 per share, with a dividend yield of 0.91%. KAI's next quarterly dividend payment will be made on Thursday, May 10. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 12.60% each year. Kadant pays out 19.60% of its earnings out as a dividend.
| Next Dividend: | 5/10/2018 |
| Annual Dividend: | $0.88 |
| Dividend Yield: | 0.91% |
| Dividend Growth: | 12.60% (3 Year Average) |
| Payout Ratio: | 19.60% (Trailing 12 Months of Earnings)
17.53% (Based on This Year's Estimates)
15.94% (Based on Next Year's Estimates)
|
| Track Record: | 4 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Kadant (NYSE:KAI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/9/2018 | quarterly | $0.22 | 0.84% | 4/11/2018 | 4/12/2018 | 5/10/2018 |
| 11/16/2017 | quarterly | $0.21 | 0.83% | 1/10/2018 | 1/11/2018 | 2/8/2018 |
| 9/21/2017 | quarterly | $0.21 | 0.88% | 10/11/2017 | 10/12/2017 | 11/9/2017 |
| 5/18/2017 | quarterly | $0.21 | 1.21% | 7/11/2017 | 7/13/2017 | 8/10/2017 |
| 3/9/2017 | quarterly | $0.21 | 1.45% | 4/11/2017 | 4/13/2017 | 5/11/2017 |
| 11/17/2016 | quarterly | $0.19 | 1.27% | 1/10/2017 | 1/12/2017 | 2/9/2017 |
| 9/15/2016 | quarterly | $0.19 | 1.43% | 10/11/2016 | 10/13/2016 | 11/10/2016 |
| 5/19/2016 | quarterly | $0.19 | 1.57% | 7/12/2016 | 7/14/2016 | 8/11/2016 |
| 3/9/2016 | quarterly | $0.19 | 1.8% | 4/12/2016 | 4/14/2016 | 5/12/2016 |
| 11/19/2015 | quarterly | $0.17 | 1.67% | 1/12/2016 | 1/14/2016 | 2/11/2016 |
| 9/17/2015 | quarterly | $0.17 | 1.65% | 10/13/2015 | 10/15/2015 | 11/12/2015 |
| 5/21/2015 | quarterly | $0.17 | 1.4% | 7/14/2015 | 7/16/2015 | 8/13/2015 |
| 3/10/2015 | quarterly | $0.17 | 1.46% | 4/14/2015 | 4/16/2015 | 5/14/2015 |
| 11/20/2014 | quarterly | $0.15 | 1.47% | 1/14/2015 | 1/16/2015 | 2/13/2015 |
| 9/15/2014 | quarterly | $0.15 | 1.49% | 10/10/2014 | 10/15/2014 | 11/12/2014 |
| 5/20/2014 | quarterly | $0.15 | 1.62% | 7/14/2014 | 7/16/2014 | 8/13/2014 |
| 3/5/2014 | quarterly | $0.15 | 1.5% | 4/7/2014 | 4/9/2014 | 5/7/2014 |
| 12/10/2013 | quarterly | $0.1250 | 1.29% | 1/7/2014 | 1/9/2014 | 2/6/2014 |
| 9/19/2013 | quarterly | $0.1250 | 1.48% | 10/8/2013 | 10/10/2013 | 11/7/2013 |
| 5/23/2013 | quarterly | $0.1250 | 1.71% | 7/9/2013 | 7/11/2013 | 8/8/2013 |
| 2/27/2013 | special | $0.1250 | | 4/9/2013 | 4/11/2013 | 5/9/2013 |
| 2/26/2013 | quarterly | $0.1250 | | | 4/11/2013 | 5/9/2013 |
(Data available from 1/1/2013 forward)
Kadant (NYSE KAI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.40%
Institutional Ownership Percentage: 90.70%
Kadant (NYSE KAI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/12/2018 | Sandra L Lambert | VP | Sell | 2,475 | $104.51 | $258,662.25 | 13,190 |  |
| 3/8/2018 | Jeffrey L Powell | Insider | Sell | 6,102 | $101.41 | $618,803.82 | 5,000 | |
| 2/27/2018 | Jeffrey L Powell | Insider | Sell | 7,277 | $100.38 | $730,465.26 | 7,102 | |
| 1/2/2018 | Sandra L Lambert | VP | Sell | 4,000 | $100.01 | $400,040.00 | 19,257 | |
| 12/28/2017 | Eric T Langevin | Insider | Sell | 1,068 | $100.50 | $107,334.00 | 28,850 | |
| 12/27/2017 | Eric T Langevin | COO | Sell | 700 | $100.56 | $70,392.00 | 28,850 | |
| 12/26/2017 | Eric T Langevin | Insider | Sell | 8,932 | $99.69 | $890,431.08 | 34,382 | |
| 12/22/2017 | Eric T Langevin | COO | Sell | 7,000 | $99.62 | $697,340.00 | 34,382 | |
| 12/18/2017 | Michael J Mckenney | Insider | Sell | 1,400 | $100.26 | $140,364.00 | 14,595 | |
| 12/15/2017 | Michael J Mckenney | CFO | Sell | 119 | $100.00 | $11,900.00 | 14,595 | |
| 12/11/2017 | Michael J Mckenney | CFO | Sell | 3,600 | $99.14 | $356,904.00 | 19,160 | |
| 11/1/2017 | Jonathan W Painter | CEO | Sell | 20,000 | $103.82 | $2,076,400.00 | 76,082 | |
| 11/1/2017 | Sandra L Lambert | VP | Sell | 6,437 | $108.66 | $699,444.42 | 20,942 | |
| 9/18/2017 | William P Tully | Director | Sell | 1,250 | $89.60 | $112,000.00 | 5,250 | |
| 1/9/2017 | William P Tully | Director | Sell | 2,500 | $60.75 | $151,875.00 | 6,250 | |
| 12/5/2016 | Eric T Langevin | Insider | Sell | 8,000 | $63.54 | $508,320.00 | 32,849 | |
| 10/5/2016 | Thomas C Leonard | Director | Sell | 5,000 | $51.80 | $259,000.00 | 17,500 | |
| 9/19/2016 | Jeffrey L Powell | Insider | Sell | 7,773 | $51.20 | $397,977.60 | 11,078 | |
| 8/18/2016 | Sandra L Lambert | VP | Sell | 4,118 | $52.00 | $214,136.00 | 22,722 | |
| 8/15/2016 | Sandra L Lambert | VP | Sell | 3,316 | $50.85 | $168,618.60 | 18,604 | |
| 8/4/2016 | Jonathan W Painter | Insider | Sell | 3,000 | $56.00 | $168,000.00 | 61,337 | |
| 7/5/2016 | William P Tully | Director | Sell | 3,750 | $51.85 | $194,437.50 | 5,000 | |
| 7/1/2016 | Thomas C Leonard | Director | Sell | 1,250 | $52.00 | $65,000.00 | 20,000 | |
| 6/16/2016 | Jonathan W Painter | CEO | Sell | 10,000 | $49.93 | $499,300.00 | 64,337 | |
| 6/15/2016 | Jonathan W Painter | CEO | Sell | 10,000 | $50.32 | $503,200.00 | 74,337 | |
| 6/6/2016 | Thomas C Leonard | Director | Sell | 2,500 | $50.00 | $125,000.00 | 21,250 | |
| 6/2/2016 | Thomas C Leonard | Director | Sell | 2,500 | $50.00 | $125,000.00 | 21,250 | |
| 5/2/2016 | Thomas C Leonard | Director | Sell | 2,500 | $48.00 | $120,000.00 | 23,750 | |
| 4/26/2016 | Thomas C Leonard | Director | Sell | 2,500 | $47.00 | $117,500.00 | 26,250 | |
| 1/11/2016 | William P Tully | Director | Sell | 3,750 | $38.03 | $142,612.50 | 6,250 | |
| 11/9/2015 | John M Albertine | Director | Sell | 5,000 | $40.99 | $204,950.00 | 10,140 | |
| 5/26/2015 | Thomas M Obrien | CFO | Sell | 5,500 | $48.00 | $264,000.00 | | |
| 5/22/2015 | William P Tully | Director | Sell | 3,750 | $48.02 | $180,075.00 | | |
| 5/6/2015 | Jeffrey L Powell | EVP | Sell | 7,085 | $47.66 | $337,671.10 | | |
| 5/5/2015 | Jeffrey L Powell | EVP | Sell | 14,172 | $49.44 | $700,663.68 | | |
| 3/12/2015 | Eric T Langevin | COO | Sell | 2,500 | $47.50 | $118,750.00 | | |
| 3/12/2015 | Jonathan W Painter | CEO | Sell | 3,000 | $47.75 | $143,250.00 | | |
| 3/12/2015 | Thomas C Leonard | Director | Sell | 2,000 | $48.00 | $96,000.00 | | |
| 3/11/2015 | Sandra L Lambert | VP | Sell | 2,887 | $46.40 | $133,956.80 | | |
| 3/5/2015 | Jonathan W Painter | CEO | Sell | 8,000 | $46.00 | $368,000.00 | | |
| 2/27/2015 | Jonathan W Painter | CEO | Sell | 7,500 | $44.58 | $334,350.00 | | |
| 2/27/2015 | Thomas M Obrien | CFO | Sell | 10,400 | $44.41 | $461,864.00 | | |
| 2/9/2015 | Jonathan W Painter | CEO | Sell | 2,250 | $42.75 | $96,187.50 | | |
| 2/9/2015 | Sandra L Lambert | VP | Sell | 1,156 | $43.00 | $49,708.00 | | |
| 2/9/2015 | Thomas C Leonard | Director | Sell | 2,000 | $43.00 | $86,000.00 | | |
| 1/20/2015 | Sandra L Lambert | VP | Sell | 1,105 | $41.07 | $45,382.35 | | |
| 1/2/2015 | Jonathan W Painter | CEO | Sell | 2,750 | $42.14 | $115,885.00 | | |
| 12/23/2014 | Eric T Langevin | COO | Sell | 2,500 | $43.75 | $109,375.00 | | |
| 12/23/2014 | Jonathan W Painter | CEO | Sell | 1,300 | $44.05 | $57,265.00 | | |
| 12/23/2014 | Thomas M Obrien | CFO | Sell | 10,017 | $43.10 | $431,732.70 | | |
| 12/22/2014 | Eric T Langevin | COO | Sell | 2,500 | $40.00 | $100,000.00 | | |
| 12/22/2014 | Jonathan W Painter | CEO | Sell | 3,400 | $42.75 | $145,350.00 | | |
| 12/8/2014 | John M Albertine | Director | Sell | 10,500 | $41.60 | $436,800.00 | | |
| 11/6/2014 | Jonathan W Painter | CEO | Sell | 1,404 | $42.19 | $59,234.76 | | |
| 10/31/2014 | Jonathan W Painter | CEO | Sell | 4,500 | $41.94 | $188,730.00 | | |
| 10/28/2014 | Jonathan W Painter | CEO | Sell | 2,500 | $41.20 | $103,000.00 | | |
| 10/28/2014 | Thomas M Obrien | CFO | Sell | 6,600 | $40.99 | $270,534.00 | | |
| 10/27/2014 | William P Tully | Director | Sell | 1,250 | $38.59 | $48,237.50 | | |
| 9/15/2014 | Thomas M Obrien | CFO | Sell | 2,400 | $40.99 | $98,376.00 | | |
| 8/18/2014 | Sandra L Lambert | VP | Sell | 3,004 | $40.00 | $120,160.00 | | |
| 6/9/2014 | Thomas M Obrien | CFO | Sell | 9,000 | $38.99 | $350,910.00 | | |
| 3/25/2014 | William P Tully | Director | Sell | 1,250 | $37.66 | $47,075.00 | | |
| 1/23/2014 | Sandra L Lambert | VP | Sell | 5,322 | $38.83 | $206,653.26 | | |
| 12/23/2013 | Jonathan W Painter | CEO | Sell | 7,500 | $40.52 | $303,900.00 | | |
| 12/16/2013 | William P Tully | Director | Sell | 2,500 | $39.97 | $99,925.00 | | |
| 10/18/2013 | Thomas M Obrien | CFO | Sell | 4,000 | $34.99 | $139,960.00 | | |
| 8/12/2013 | Thomas M Obrien | CFO | Sell | 12,000 | $32.71 | $392,520.00 | | |
| 7/8/2013 | Sandra L Lambert | VP | Sell | 15,000 | $32.03 | $480,450.00 | | |
| 7/1/2013 | John M Albertine | Director | Sell | 5,610 | $30.69 | $172,170.90 | | |
| 6/17/2013 | Jeffrey L Powell | EVP | Sell | 11,965 | $31.48 | $376,658.20 | | |
| 6/10/2013 | Eric T Langevin | COO | Sell | 7,500 | $31.03 | $232,725.00 | | |
| 6/5/2013 | Jonathan W Painter | CEO | Sell | 15,000 | $31.53 | $472,950.00 | | |
| 5/15/2013 | Thomas M Obrien | CFO | Sell | 4,000 | $28.99 | $115,960.00 | | |
| 5/14/2013 | Jonathan W Painter | CEO | Sell | 10,000 | $28.50 | $285,000.00 | | |
(Data available from 1/1/2013 forward)
Kadant (NYSE KAI) News Headlines
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Kadant (NYSE:KAI) SEC Filings
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Kadant (NYSE:KAI) Income Statement, Balance Sheet and Cash Flow Statement
Kadant (NYSE KAI) Stock Chart for Friday, April, 20, 2018
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