NYSE:KAI - Kadant Stock Price, News & Analysis

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

Kadant announced a quarterly dividend on Thursday, May 16th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.23 per share on Thursday, August 8th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Wednesday, July 10th. View Kadant's Dividend History.

Kadant Inc. (NYSE:KAI) issued its quarterly earnings results on Tuesday, July, 30th. The industrial products company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.31. The industrial products company had revenue of $177.20 million for the quarter, compared to the consensus estimate of $168.67 million. Kadant had a net margin of 9.50% and a return on equity of 17.67%. The company's quarterly revenue was up 14.4% on a year-over-year basis. During the same period last year, the business 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 updated its FY19 earnings guidance on Tuesday, July, 30th. The company provided EPS guidance of $5.26-5.38 for the period, compared to the Thomson Reuters consensus EPS 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 twelve-month price objectives for Kadant's shares. Their predictions range from $97.09 to $110.00. On average, they anticipate Kadant's share price to reach $103.5450 in the next year. This suggests a possible upside of 30.5% 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.

News articles about KAI stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 2.5 on InfoTrie's scale. They also gave media coverage about the industrial products company a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the stock's share price in the near term. View News Stories for Kadant.

Kadant saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 478,900 shares, an increase of 11.7% from the June 30th total of 428,900 shares. Based on an average trading volume of 72,200 shares, the short-interest ratio is presently 6.6 days. Approximately 4.5% of the company's stock are short sold. View Kadant's Current Options Chain.

Some companies that are related to Kadant include ANDRITZ AG/ADR (ADRZY), DuluxGroup (DLX), Axon Enterprise (AAXN), Cimpress (CMPR), Weir Group (WEIR), ADT (ADT), GrafTech International (EAF), NINE DRAGONS PA/ADR (NDGPY), Silgan (SLGN), Alcoa (AA), John Bean Technologies (JBT), Kawasaki Heavy Industries (KWHIY), G4S/ADR (GFSZY), Travis Perkins (TPK) and Colfax (CFX).

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 retail and institutional 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 bought 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, Scottrade, Fidelity and Charles Schwab.

One share of KAI stock can currently be purchased for approximately $79.32.

Kadant has a market capitalization of $893.14 million 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]