Media headlines about Kadant (NYSE:KAI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.10 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 44.3087170134403 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several equities research analysts recently commented on the company. ValuEngine cut Kadant from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Sidoti cut Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price objective on the stock. in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research raised Kadant from a “hold” rating to a “strong-buy” rating and set a $126.00 price objective on the stock in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Kadant has an average rating of “Hold” and a consensus target price of $104.67.

Kadant (NYSE:KAI) opened at $95.20 on Thursday. The stock has a market capitalization of $1,070.00, a PE ratio of 28.25 and a beta of 1.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.35 and a quick ratio of 1.65. Kadant has a 12-month low of $56.15 and a 12-month high of $114.00.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Shareholders of record on Thursday, January 11th will be given a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $0.84 annualized dividend and a yield of 0.88%. Kadant’s payout ratio is 24.93%.

In other news, VP Sandra L. Lambert sold 6,437 shares of Kadant stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $108.66, for a total transaction of $699,444.42. Following the transaction, the vice president now directly owns 20,942 shares of the company’s stock, valued at approximately $2,275,557.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael J. Mckenney sold 3,600 shares of Kadant stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $99.14, for a total value of $356,904.00. Following the transaction, the chief financial officer now directly owns 19,160 shares in the company, valued at $1,899,522.40. The disclosure for this sale can be found here. Insiders sold 53,256 shares of company stock worth $5,450,550 over the last three months. 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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