Kadant (KAI) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $345.15 to $354.33
• 50-Day Range: $316.45 to $423.23
• 52-Week Range: $249.51 to $429.95
• Volume: 200,177 shs
• Average Volume: 85,102 shs
• Market Capitalization: $4.08 billion
• P/E Ratio: 35.52
• Dividend Yield: 0.37%
• Price Target: $355.00
• Consensus Rating: Moderate Buy

Kadant Stock Analysis - MarketRank™

Kadant scored higher than 38% of companies evaluated by MarketBeat, and ranked 133rd 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.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

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.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 4.65%

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 35.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.38.

Price to Earnings Ratio vs. Sector

The P/E ratio of Kadant is 35.52, which means that it is trading at a more expensive P/E ratio than the Industrial Products sector average P/E ratio of about 21.08.

Price to Book Value per Share Ratio

Kadant has a P/B Ratio of 5.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

11.75% 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 18.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Kadant has recently decreased by 8.00%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Kadant has a dividend yield of 0.35%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Kadant does not have a long track record of dividend growth.

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

11.75% 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 18.5, which indicates bearish sentiment.

Change versus previous month

Short interest in Kadant has recently decreased by 8.00%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 1.09

News Sentiment

Kadant has a news sentiment score of 1.09. 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 is a higher news sentiment than the 0.73 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 19 news articles for Kadant this week, compared to 5 articles on an average week.

Search Interest

1 people have searched for KAI on MarketBeat in the last 30 days.

MarketBeat Follows

4 people have added Kadant to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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.

KAI Stock Analysis - Frequently Asked Questions

How have KAI shares performed this year?

Kadant's stock was trading at $280.31 on January 1st, 2024. Since then, KAI shares have increased by 23.8% and is now trading at $347.07.
View the best growth stocks for 2024 here.

How were Kadant's earnings last quarter?

Kadant Inc. (NYSE:KAI) announced its quarterly earnings results on Tuesday, October, 29th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.41. The firm's revenue was up 11.2% on a year-over-year basis.

Does Kadant have any subsidiaries?

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.

Who are Kadant's major shareholders?

Kadant's top institutional shareholders 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.

How do I buy shares of Kadant?

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.

What other stocks do shareholders of Kadant own?

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: 12/21/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 2/6 Dividend: 1/09/2025
• Dividend Payable: 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Special industry machinery, except metalworking machinery
• Sub-Industry: Industrial Machinery
• Current Symbol: NYSE:KAI
• CUSIP: 48282T10
• CIK: 886346
• Web: www.kadant.com
• Phone: (978) 776-2000
• Fax: 978-635-1593
• Employees: 3,100
• Year Founded: 1991

Price Target and Rating

• Average Stock Price Target: $355.00
• High Stock Price Target: $410.00
• Low Stock Price Target: $300.00
• Potential Upside/Downside: +2.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $9.77
• Trailing P/E Ratio: 35.52
• Forward P/E Ratio: 34.33
• P/E Growth: N/A
• Net Income: $116.07 million
• Net Margins: 11.12%
• Pretax Margin: 15.31%
• Return on Equity: 15.10%
• Return on Assets: 8.88%

Debt

• Debt-to-Equity Ratio: 0.37
• Current Ratio: 2.29
• Quick Ratio: 1.46

Sales & Book Value

• Annual Sales: $1.03 billion
• Price / Sales: 3.94
• Cash Flow: $12.11 per share
• Price / Cash Flow: 28.67
• Book Value: $66.31 per share
• Price / Book: 5.23

Miscellaneous

• Outstanding Shares: 11,745,000
• Free Float: 11,581,000
• Market Cap: $4.08 billion
• Optionable: Optionable
• Beta: 1.25