Headlines about Kadant (NYSE:KAI) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kadant earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 43.6768028870787 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.

Shares of Kadant (NYSE:KAI) opened at $98.15 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.35 and a quick ratio of 1.65. The stock has a market capitalization of $1,080.34, a PE ratio of 29.04 and a beta of 1.37. Kadant has a 12-month low of $56.15 and a 12-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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.35. The company had revenue of $152.79 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS. equities research analysts expect that Kadant will post 4.39 earnings per share for the current fiscal year.

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

KAI has been the subject of a number of research analyst reports. Zacks Investment Research cut 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 report on Monday, December 11th. Finally, Sidoti cut Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price for the company. in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $104.67.

In other Kadant news, COO Eric T. Langevin sold 700 shares of the 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 of the company’s stock, valued at approximately $2,901,156. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Sandra L. Lambert sold 6,437 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $108.66, for a total value of $699,444.42. Following the completion of the sale, the vice president now directly owns 20,942 shares in the company, valued at approximately $2,275,557.72. The disclosure for this sale can be found here. Insiders sold a total of 53,256 shares of company stock worth $5,450,550 in the last ninety days. 5.59% of the stock is owned by corporate insiders.

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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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