News articles about Kadant (NYSE:KAI) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kadant earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 43.0476384231813 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several equities research analysts have commented on KAI shares. Zacks Investment Research lowered shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Sidoti lowered shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price target on the stock. in a research note on Tuesday, October 3rd. Finally, ValuEngine lowered shares of Kadant from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Kadant currently has an average rating of “Hold” and a consensus target price of $104.67.

Kadant (NYSE:KAI) opened at $99.40 on Wednesday. Kadant has a 12 month low of $56.15 and a 12 month high of $114.00. The company has a current ratio of 2.35, a quick ratio of 1.65 and a debt-to-equity ratio of 0.84. The company has a market cap of $1,117.24, a P/E ratio of 29.41 and a beta of 1.37.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 11th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.85%. Kadant’s dividend payout ratio is presently 24.85%.

In related news, COO Eric T. Langevin sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $100.56, for a total transaction of $70,392.00. Following the transaction, the chief operating officer now owns 28,850 shares in the company, valued at $2,901,156. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sandra L. Lambert sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $100.01, for a total transaction of $400,040.00. Following the transaction, the vice president now owns 19,257 shares in the company, valued at approximately $1,925,892.57. The disclosure for this sale can be found here. Insiders have sold 26,819 shares of company stock worth $2,674,705 in the last quarter. Company insiders own 5.59% of the company’s stock.

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Kadant Company Profile

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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