Kadant (NYSE:KAI - Get Free Report)'s stock had its "outperform" rating restated by Barrington Research in a report issued on Friday,Benzinga reports. They currently have a $410.00 price target on the industrial products company's stock. Barrington Research's price objective suggests a potential upside of 31.66% from the stock's current price.
Kadant Stock Performance
Kadant stock traded down $4.31 during trading hours on Friday, reaching $311.40. 100,771 shares of the stock were exchanged, compared to its average volume of 107,865. Kadant has a 52-week low of $249.51 and a 52-week high of $429.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.29. The firm's 50 day moving average is $340.03 and its 200 day moving average is $357.84. The stock has a market cap of $3.67 billion, a P/E ratio of 32.85 and a beta of 1.24.
Kadant (NYSE:KAI - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.17. Kadant had a net margin of 10.59% and a return on equity of 14.66%. Analysts predict that Kadant will post 9.97 EPS for the current fiscal year.
Institutional Trading of Kadant
Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System acquired a new stake in Kadant during the first quarter worth about $912,000. Amalgamated Bank increased its position in shares of Kadant by 736.5% in the first quarter. Amalgamated Bank now owns 3,346 shares of the industrial products company's stock worth $1,127,000 after acquiring an additional 2,946 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Kadant during the 1st quarter valued at $2,158,000. Diversified Trust Co boosted its position in Kadant by 195.7% during the 1st quarter. Diversified Trust Co now owns 1,807 shares of the industrial products company's stock worth $609,000 after purchasing an additional 1,196 shares during the period. Finally, Bessemer Group Inc. increased its holdings in Kadant by 259.1% in the 1st quarter. Bessemer Group Inc. now owns 2,844 shares of the industrial products company's stock valued at $959,000 after purchasing an additional 2,052 shares in the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.
About Kadant
(
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Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.
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