News headlines about Kadant (NYSE:KAI) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kadant earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the industrial products company an impact score of 46.0897109918279 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research analysts have weighed in on KAI shares. ValuEngine raised shares of Kadant from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Barrington Research reissued an “outperform” rating and set a $110.00 target price on shares of Kadant in a research report on Thursday, March 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $112.67.
Kadant (NYSE KAI) opened at $101.85 on Friday. The firm has a market cap of $1,124.86, a price-to-earnings ratio of 36.90 and a beta of 1.36. The company has a current ratio of 2.01, a quick ratio of 1.37 and a debt-to-equity ratio of 0.73. Kadant has a 52-week low of $56.15 and a 52-week high of $114.00.
Kadant (NYSE:KAI) last posted its quarterly earnings data on Thursday, February 15th. The industrial products company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. Kadant had a net margin of 6.04% and a return on equity of 15.93%. The company had revenue of $149.14 million for the quarter, compared to the consensus estimate of $144.50 million. equities analysts expect that Kadant will post 5.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Thursday, April 12th will be issued a dividend of $0.22 per share. This is an increase from Kadant’s previous quarterly dividend of $0.21. The ex-dividend date is Wednesday, April 11th. This represents a $0.88 annualized dividend and a dividend yield of 0.86%. Kadant’s payout ratio is presently 30.43%.
In other news, VP Sandra L. Lambert sold 4,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Eric T. Langevin sold 8,932 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $99.69, for a total transaction of $890,431.08. Following the transaction, the insider now owns 34,382 shares in the company, valued at approximately $3,427,541.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,954 shares of company stock worth $3,913,832. Insiders own 5.59% of the company’s stock.
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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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