Kadant Inc. (NYSE:KAI) VP Sandra L. Lambert sold 2,475 shares of Kadant stock in a transaction on Monday, March 12th. The stock was sold at an average price of $104.51, for a total transaction of $258,662.25. Following the sale, the vice president now owns 13,190 shares in the company, valued at approximately $1,378,486.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Kadant Inc. (KAI) opened at $104.30 on Wednesday. Kadant Inc. has a 52 week low of $56.15 and a 52 week high of $114.00. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.37 and a current ratio of 2.01. The firm has a market cap of $1,150.78, a price-to-earnings ratio of 37.79 and a beta of 1.36.

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Kadant (NYSE:KAI) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $1.14 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $149.14 million for the quarter, compared to the consensus estimate of $144.50 million. equities analysts forecast that Kadant Inc. will post 5.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Thursday, April 12th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, April 11th. This represents a $0.88 dividend on an annualized basis and a yield of 0.84%. This is an increase from Kadant’s previous quarterly dividend of $0.21. Kadant’s payout ratio is currently 30.43%.

A number of research firms have weighed in on KAI. ValuEngine upgraded shares of Kadant from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Barrington Research reiterated an “outperform” rating and set a $110.00 price target on shares of Kadant in a research note on Thursday, March 1st. Finally, Zacks Investment Research downgraded shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Kadant has an average rating of “Buy” and an average target price of $112.67.

Institutional investors and hedge funds have recently bought and sold shares of the business. Anderson Hoagland & Co. acquired a new stake in Kadant during the fourth quarter worth $896,000. Virginia Retirement Systems ET AL bought a new position in shares of Kadant during the third quarter valued at $473,000. Alps Advisors Inc. bought a new position in shares of Kadant during the third quarter valued at $515,000. Cortina Asset Management LLC lifted its holdings in shares of Kadant by 107.8% during the third quarter. Cortina Asset Management LLC now owns 182,124 shares of the industrial products company’s stock valued at $17,948,000 after acquiring an additional 94,500 shares during the period. Finally, EAM Investors LLC lifted its holdings in shares of Kadant by 29.1% during the third quarter. EAM Investors LLC now owns 60,938 shares of the industrial products company’s stock valued at $6,005,000 after acquiring an additional 13,743 shares during the period. Hedge funds and other institutional investors own 90.74% 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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