Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Kadant (NYSE:KAI) Stock Price

News headlines about Kadant (NYSE:KAI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kadant earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.0502491692608 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

A number of brokerages recently commented on KAI. Zacks Investment Research lowered Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine downgraded Kadant from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Sidoti downgraded Kadant from a “buy” rating to a “neutral” rating and set a $102.00 target price for the company. in a research note on Tuesday, October 3rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Kadant has an average rating of “Hold” and a consensus target price of $104.67.

Shares of Kadant (NYSE:KAI) opened at $97.55 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.65 and a current ratio of 2.35. The company has a market capitalization of $1,080.37, a P/E ratio of 28.86 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 issued its earnings results on Monday, October 30th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.35. The company had revenue of $152.79 million during 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 firm’s quarterly revenue was up 44.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. analysts predict 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. Investors of record on Thursday, January 11th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, January 10th. Kadant’s payout ratio is 24.85%.

In other Kadant news, VP Sandra L. Lambert sold 6,437 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $108.66, for a total value of $699,444.42. Following the sale, the vice president now owns 20,942 shares of the company’s stock, valued at approximately $2,275,557.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jonathan W. Painter sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $103.82, for a total value of $2,076,400.00. Following the sale, the chief executive officer now directly owns 76,082 shares in the company, valued at approximately $7,898,833.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,256 shares of company stock worth $5,450,550. 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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