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NYSE:KAI

Kadant (KAI) Stock Price, News & Analysis

Kadant logo
$392.76 -2.95 (-0.75%)
(As of 11/20/2024 ET)

About Kadant Stock (NYSE:KAI)

Key Stats

Today's Range
$384.21
$396.10
50-Day Range
$313.90
$406.46
52-Week Range
$249.51
$422.54
Volume
180,854 shs
Average Volume
81,078 shs
Market Capitalization
$4.61 billion
P/E Ratio
40.20
Dividend Yield
0.33%
Price Target
$330.00
Consensus Rating
Moderate Buy

Company Overview

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. The Industrial Processing segment develops, manufactures, and markets ring and rotary debarkers, stranders, chippers, engineered knife systems, industrial automation and control, recycling and approach flow systems, and virgin pulping process equipment for use in the packaging, tissue, wood products, and alternative fuel industries. The Material Handling segment offers conveying and vibratory equipment, and baling products; and manufactures and sells biodegradable absorbent granules for carriers in agricultural, home lawn and garden, professional lawn, turf, and ornamental applications, as well as for oil and grease absorption. The company markets and sells its products, services, and systems through direct sales, independent sales agents, and distributors. The company was formerly known as Thermo Fibertek, Inc. and changed its name to Kadant Inc. in July 2001. Kadant Inc. was incorporated in 1991 and is headquartered in Westford, Massachusetts.

Kadant Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
29th Percentile Overall Score

KAI MarketRank™: 

Kadant scored higher than 29% of companies evaluated by MarketBeat, and ranked 147th out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Kadant has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Kadant has only been the subject of 1 research reports in the past 90 days.

  • Read more about Kadant's stock forecast and price target.
  • Earnings Growth

    Earnings for Kadant are expected to grow by 4.65% in the coming year, from $10.11 to $10.58 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Kadant is 40.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Kadant is 40.20, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.29.

  • Price to Book Value per Share Ratio

    Kadant has a P/B Ratio of 5.92. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Kadant's valuation and earnings.
  • Percentage of Shares Shorted

    13.29% of the outstanding shares of Kadant have been sold short.
  • Short Interest Ratio / Days to Cover

    Kadant has a short interest ratio ("days to cover") of 25.3, which indicates bearish sentiment.
  • Change versus previous month

  • Dividend Yield

    Kadant has a dividend yield of 0.33%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Kadant has been increasing its dividend for 11 years.

  • Dividend Coverage

    The dividend payout ratio of Kadant is 13.10%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Kadant will have a dividend payout ratio of 12.10% next year. This indicates that Kadant will be able to sustain or increase its dividend.

  • Read more about Kadant's dividend.
  • Percentage of Shares Shorted

    13.29% of the outstanding shares of Kadant have been sold short.
  • Short Interest Ratio / Days to Cover

    Kadant has a short interest ratio ("days to cover") of 25.3, which indicates bearish sentiment.
  • Change versus previous month

  • News Sentiment

    Kadant has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Industrial Products companies.
  • News Coverage This Week

    MarketBeat has tracked 16 news articles for Kadant this week, compared to 4 articles on an average week.
  • MarketBeat Follows

    Only 1 people have added Kadant to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Kadant insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,091,455.00 in company stock.

  • Percentage Held by Insiders

    Only 1.40% of the stock of Kadant is held by insiders.

  • Percentage Held by Institutions

    96.13% of the stock of Kadant is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Kadant's insider trading history.
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KAI Stock News Headlines

Kadant Inc. (NYSE:KAI) Director Sells $60,527.92 in Stock
Financial Prophecy
The Magnificent 7 could be in for a world of pain… And the insiders know it. It’s why Jeff Bezos just sold $3 billion of Amazon… it’s why Nvidia’s CEO just sold $713 million... and it’s why Zuckerberg just sold $1.3 billion in Meta stock. The financial establishment doesn’t want you to know about this… but a controversial new documentary just pulled back the curtain and exposed what’s really going on. It’s called The Final Frontier.
Kadant Declares Cash Dividend
See More Headlines

KAI Stock Analysis - Frequently Asked Questions

Kadant's stock was trading at $280.31 at the start of the year. Since then, KAI stock has increased by 40.1% and is now trading at $392.76.
View the best growth stocks for 2024 here
.

Kadant Inc. (NYSE:KAI) released its quarterly earnings data on Tuesday, October, 29th. The industrial products company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.43 by $0.41. The firm's revenue for the quarter was up 11.2% compared to the same quarter last year.

The following companies are subsidiaries of Kadant: The Clouth Group of Companies, Balemaster, Cogent Industrial Technologies Ltd., Syntron Material Handling Group LLC, Unaflex LLC, RT Holding GmbH, Carmanah Design and Manufacturing Inc., and more.

Kadant's top institutional investors include Wasatch Advisors LP (9.79%), Chevy Chase Trust Holdings LLC (4.13%), State Street Corp (2.39%) and Geode Capital Management LLC (2.27%). Insiders that own company stock include Michael J Mckenney, Jonathan W Painter, John M Albertine, Thomas C Leonard, Erin L Russell, Peter J Flynn, William P Tully, Michael C Colwell, Fredrik H Westerhout, Rebecca Martinez O'mara, Thomas Andrew Blanchard, Dara F Mitchell and Stacy D Krause.
View institutional ownership trends
.

Shares of KAI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Kadant investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), ServiceNow (NOW), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

Ex-Dividend for 11/7 Dividend
10/10/2024
Last Earnings
10/29/2024
Dividend Payable
11/07/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/12/2025

Industry, Sector and Symbol

Industry
Special industry machinery, except metalworking machinery
Sub-Industry
Industrial Machinery
CUSIP
48282T10
Employees
3,100
Year Founded
1991

Price Target and Rating

Average Stock Price Target
$330.00
High Stock Price Target
$360.00
Low Stock Price Target
$300.00
Potential Upside/Downside
-16.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$116.07 million
Pretax Margin
15.31%

Debt

Sales & Book Value

Annual Sales
$957.67 million
Cash Flow
$12.93 per share
Book Value
$66.31 per share

Miscellaneous

Free Float
11,581,000
Market Cap
$4.61 billion
Optionable
Optionable
Beta
1.21

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This page (NYSE:KAI) was last updated on 11/21/2024 by MarketBeat.com Staff
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