Kadant Inc. (KAI) Receives Consensus Rating of “Hold” from Analysts

Kadant Inc. (NYSE:KAI) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $94.00.

A number of analysts have issued reports on KAI shares. Zacks Investment Research downgraded Kadant from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. ValuEngine cut Kadant from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Sidoti cut Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price on the stock. in a research report on Tuesday, October 3rd.

Shares of Kadant (NYSE KAI) opened at $101.50 on Monday. The stock has a market capitalization of $1,118.34, a PE ratio of 30.03 and a beta of 1.37. 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 fifty-two week low of $56.15 and a fifty-two week 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 (EPS) for the quarter, topping the Zacks’ 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 return on equity of 14.84% and a net margin of 8.17%. Kadant’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. sell-side analysts predict that Kadant will post 4.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, January 11th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Wednesday, January 10th. Kadant’s dividend payout ratio (DPR) is currently 24.85%.

In other news, VP Sandra L. Lambert sold 4,000 shares of Kadant stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $100.01, for a total transaction of $400,040.00. Following the sale, the vice president now owns 19,257 shares in the company, valued at $1,925,892.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eric T. Langevin sold 700 shares of Kadant stock in a transaction dated Thursday, December 27th. The stock was sold at an average price of $100.56, for a total value of $70,392.00. Following the sale, the chief operating officer now owns 28,850 shares in the company, valued at approximately $2,901,156. The disclosure for this sale can be found here. Insiders have sold 53,256 shares of company stock worth $5,450,550 in the last quarter. Insiders own 5.59% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Kadant during the fourth quarter worth about $104,000. James Investment Research Inc. acquired a new position in Kadant in the 4th quarter valued at about $2,475,000. Anderson Hoagland & Co. acquired a new position in Kadant in the 4th quarter valued at about $896,000. Schwab Charles Investment Management Inc. increased its position in Kadant by 3.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 65,472 shares of the industrial products company’s stock valued at $6,574,000 after acquiring an additional 2,123 shares during the period. Finally, Sterling Capital Management LLC increased its position in Kadant by 142.0% in the 3rd quarter. Sterling Capital Management LLC now owns 18,674 shares of the industrial products company’s stock valued at $1,840,000 after acquiring an additional 10,956 shares during the period. Institutional investors and hedge funds own 90.62% of the company’s stock.

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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.

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