Kadant Inc. (NYSE:KAI) VP Sandra L. Lambert sold 4,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $100.01, for a total value of $400,040.00. Following the completion of the sale, the vice president now owns 19,257 shares of the company’s stock, valued at $1,925,892.57. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Kadant Inc. (NYSE:KAI) traded up $1.35 during trading on Friday, reaching $99.20. 29,800 shares of the company traded hands, compared to its average volume of 41,633. The company has a market cap of $1,090.00, a P/E ratio of 29.44 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 Inc. has a one year low of $56.15 and a one year 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 for the quarter, topping the consensus estimate of $1.14 by $0.35. The company had revenue of $152.79 million during the quarter, compared to the consensus estimate of $141.33 million. Kadant had a net margin of 8.17% and a return on equity of 14.84%. Kadant’s quarterly revenue was up 44.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. analysts anticipate that Kadant Inc. will post 4.39 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered Kadant from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Sidoti lowered Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price objective 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 stock. Kadant currently has a consensus rating of “Hold” and a consensus target price of $104.67.
A number of institutional investors have recently modified their holdings of KAI. Teachers Advisors LLC boosted its holdings in Kadant by 476.6% in the 2nd quarter. Teachers Advisors LLC now owns 142,325 shares of the industrial products company’s stock worth $10,703,000 after buying an additional 117,641 shares during the period. Cortina Asset Management LLC boosted its holdings in Kadant by 107.8% in the 3rd quarter. Cortina Asset Management LLC now owns 182,124 shares of the industrial products company’s stock worth $17,948,000 after buying an additional 94,500 shares during the period. Pier Capital LLC bought a new position in Kadant in the 3rd quarter worth $6,105,000. Epoch Investment Partners Inc. boosted its holdings in Kadant by 62.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 154,196 shares of the industrial products company’s stock worth $11,596,000 after buying an additional 59,097 shares during the period. Finally, Macquarie Group Ltd. boosted its holdings in Kadant by 12.7% in the 3rd quarter. Macquarie Group Ltd. now owns 506,956 shares of the industrial products company’s stock worth $49,960,000 after buying an additional 57,222 shares during the period. 90.63% of the stock is owned by institutional investors.
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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.
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