Kadant Inc. (KAI) VP Sells $400,040.00 in Stock

Kadant Inc. (NYSE:KAI) VP Sandra L. Lambert sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was 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 $1,925,892.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Kadant Inc. (NYSE KAI) traded down $0.80 on Thursday, hitting $97.85. 35,700 shares of the company were exchanged, compared to its average volume of 47,550. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.65 and a current ratio of 2.35. The company has a market capitalization of $1,085.87, a P/E ratio of 28.95 and a beta of 1.37. Kadant Inc. has a twelve month low of $56.15 and a twelve month high of $114.00.

Kadant (NYSE:KAI) last posted its quarterly earnings results on Monday, October 30th. The industrial products company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.35. The business 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%. Kadant’s revenue for the quarter was up 44.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.81 earnings per share. equities analysts anticipate that Kadant Inc. will post 4.39 earnings per share for the current fiscal year.

The firm also recently declared 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend is Wednesday, January 10th. Kadant’s dividend payout ratio (DPR) is 24.85%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its stake in shares of Kadant by 1.1% during the second quarter. The Manufacturers Life Insurance Company now owns 8,302 shares of the industrial products company’s stock worth $625,000 after buying an additional 92 shares during the last quarter. Citigroup Inc. increased its stake in Kadant by 24.2% in the second quarter. Citigroup Inc. now owns 1,411 shares of the industrial products company’s stock valued at $106,000 after purchasing an additional 275 shares in the last quarter. AlphaOne Investment Services LLC increased its stake in Kadant by 0.8% in the second quarter. AlphaOne Investment Services LLC now owns 44,943 shares of the industrial products company’s stock valued at $3,380,000 after purchasing an additional 350 shares in the last quarter. Voya Investment Management LLC increased its stake in Kadant by 6.3% in the second quarter. Voya Investment Management LLC now owns 6,861 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 408 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Kadant by 3.0% in the second quarter. California Public Employees Retirement System now owns 17,300 shares of the industrial products company’s stock valued at $1,301,000 after purchasing an additional 500 shares in the last quarter. 90.63% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on KAI. Zacks Investment Research lowered shares of Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of Kadant from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Sidoti downgraded shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price target for the company. in a research note on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $104.67.

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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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