Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Kadant (KAI) Share Price

Media headlines about Kadant (NYSE:KAI) have been trending somewhat positive on Friday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 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 coverage optimism score of 0.17 on Accern’s scale. Accern also assigned media coverage about the industrial products company an impact score of 47.3976137397622 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Kadant stock opened at $94.50 on Friday. The company has a quick ratio of 1.37, a current ratio of 2.01 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $1,041.60, a price-to-earnings ratio of 34.51 and a beta of 1.36. Kadant has a 12 month low of $57.55 and a 12 month high of $114.00.

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Kadant (NYSE:KAI) last posted its earnings results on Thursday, February 15th. The industrial products company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.08 by $0.06. The firm had revenue of $149.14 million during the quarter, compared to the consensus estimate of $144.50 million. Kadant had a return on equity of 15.93% and a net margin of 6.04%. research analysts anticipate that Kadant will post 5.02 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Thursday, April 12th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, April 11th. This is an increase from Kadant’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 0.93%. Kadant’s dividend payout ratio (DPR) is currently 30.43%.

KAI has been the topic of several research analyst reports. Zacks Investment Research lowered Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Barrington Research reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Kadant in a research note on Thursday, March 1st. Finally, ValuEngine raised Kadant from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $106.67.

In other news, VP Sandra L. Lambert sold 2,475 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $104.51, for a total transaction of $258,662.25. Following the completion of the transaction, the vice president now directly owns 13,190 shares in the company, valued at $1,378,486.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sandra L. Lambert sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $100.01, for a total value of $400,040.00. Following the transaction, the vice president now owns 19,257 shares of the company’s stock, valued at $1,925,892.57. The disclosure for this sale can be found here. Insiders sold 19,854 shares of company stock valued at $2,007,971 over the last quarter. Corporate insiders own 5.59% of the company’s stock.

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About Kadant

Kadant Inc supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, as well as related equipment used in the processing of recyclable and waste materials; and fluid-handling systems and equipment used in industrial piping systems to compensate for movement, as well as to transfer fluid, power, and data.

Insider Buying and Selling by Quarter for Kadant (NYSE:KAI)

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