Headlines about Kadant (NYSE:KAI) have trended somewhat positive on Tuesday, according to Accern. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Kadant earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.7634492834345 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have effected Accern’s rankings:

Kadant (NYSE:KAI) opened at $98.05 on Tuesday. The firm has a market cap of $1,122.75, a P/E ratio of 25.37 and a beta of 1.36. The company has a current ratio of 2.35, a quick ratio of 1.65 and a debt-to-equity ratio of 0.84. Kadant has a one year low of $56.15 and a one year high of $114.00.

Kadant (NYSE:KAI) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $1.49 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.35. The company had revenue of $152.79 million during the quarter, compared to the consensus estimate of $141.33 million. Kadant had a net margin of 8.17% and a return on equity of 14.84%. The firm’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 earnings per share. equities research analysts expect that Kadant will post 4.39 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 11th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, January 10th. Kadant’s dividend payout ratio (DPR) is currently 24.85%.

A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of Kadant from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Sidoti downgraded shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price for the company. in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $104.67.

In related news, CEO Jonathan W. Painter sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $103.82, for a total transaction of $2,076,400.00. Following the completion of the sale, the chief executive officer now owns 76,082 shares of the company’s stock, valued at $7,898,833.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William P. Tully sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $89.60, for a total transaction of $112,000.00. Following the sale, the director now directly owns 5,250 shares of the company’s stock, valued at approximately $470,400. The disclosure for this sale can be found here. Insiders have sold 27,687 shares of company stock valued at $2,887,844 in the last three months. 5.59% of the stock is owned by insiders.

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About Kadant

Kadant Inc is a supplier of equipment and components used in process industries. In addition, the Company manufactures granules made from papermaking by-products. Its segments include Papermaking Systems and Wood Processing Systems. The Company has a customer base, which includes paper and oriented strand board (OSB) manufacturers.

Insider Buying and Selling by Quarter for Kadant (NYSE:KAI)

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