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Kadant Inc. (KAI)

NYSE: KAI · IEX Real-Time Price · USD
218.16 -2.85 (-1.29%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap2.53B
Revenue (ttm)691.32M
Net Income (ttm)70.48M
Shares Out11.58M
EPS (ttm)6.07
PE Ratio35.95
Forward PE24.75
Dividend$0.98 (0.45%)
Ex-Dividend DateOct 13, 2021
Volume33,302
Open220.97
Previous Close221.01
Day's Range218.12 - 223.00
52-Week Range103.48 - 223.50
Beta1.34
AnalystsBuy
Price Target213.33 (-2.2%)
Est. Earnings DateNov 2, 2021

About KAI

Kadant Inc. supplies critical components and engineered systems worldwide. It operates through three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables, consisting of doctor systems and holders, profiling systems, doctor blades, shower and fabric-c...

IndustryMachinery
Founded1991
CEOJeffrey Powell
Employees2,800
Stock ExchangeNYSE
Ticker SymbolKAI
Full Company Profile

Financial Performance

In 2020, Kadant's revenue was $635.03 million, a decrease of -9.88% compared to the previous year's $704.64 million. Earnings were $55.20 million, an increase of 6.01%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for Kadant stock is "Buy." The 12-month stock price forecast is 213.33, which is a decrease of -2.21% from the latest price.

Price Target
$213.33
(-2.21% downside)
Analyst Consensus: Buy

News

Reasons Why it is Worth Investing in Kadant (KAI) Stock Now

Kadant (KAI) benefits from solid product offerings, recovering economy, strengthening demand, and diversified operations. Its buyout activities and rewards to shareholders are appealing.

1 week ago - Zacks Investment Research

Kadant Declares Cash Dividend

WESTFORD, Mass., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.25 per share to be pa...

2 weeks ago - GlobeNewsWire

How Kadant (KAI) Stock Stands Out in a Strong Industry

Kadant (KAI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

2 weeks ago - Zacks Investment Research

5 Stocks to Buy as Manufacturing Activity Continues to Expand

People have been spending more on goods than services during the pandemic, boosting manufacturing activity and stocks like Applied Industrial Technologies (AIT), Deere & Company (DE) and Dover Corporati...

Other symbols:AITDEDOVHLIO
3 weeks ago - Zacks Investment Research

Kadant (KAI) Stock Rises 23% in 3 Months: What's Driving It?

Kadant (KAI) benefits from strengthening market demand and backlog, solid operational execution and gains from acquired assets.

3 weeks ago - Zacks Investment Research

Will Kadant (KAI) Gain on Rising Earnings Estimates?

Kadant (KAI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

1 month ago - Zacks Investment Research

Kadant (KAI) Buys Balemaster, Boosts Material Handling Prospects

Kadant's (KAI) acquisition of Balemaster enhances its growth prospects in the secondary material processing industry. The acquired business will form part of the Material Handling segment.

1 month ago - Zacks Investment Research

Kadant Acquires Leading U.S. Baler Manufacturer

WESTFORD, Mass., Aug. 23, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) today announced it has completed its acquisition of Balemaster for $54 million in cash, subject to certain customary adjustments.

1 month ago - GlobeNewsWire

4 Top Stocks in Focus on Healthy Industrial Production Data

U.S. industrial production gains momentum in July. Stocks like DE, ETN, DOV and KAI exhibit strong growth potential and have the capability to capitalize on the market opportunities.

Other symbols:DEDOVETN
1 month ago - Zacks Investment Research

5 Stocks to Buy as Industrial Production Continues to Expand

People are spending more on goods than services during the pandemic, driving industrial output and helping stocks like Kadant (KAI), Altra Industrial Motion (AIMC) and Dover Corporation (DOV).

Other symbols:AIMCAITAOSDOV
1 month ago - Zacks Investment Research

U.S. Industrial Production Hits 4-Month High: 5 Top Picks

We have narrowed down our search to five industrial product stocks that have strong growth potential for the rest of 2021. These are: WIRE, BDC, KAI, MLI and TEX.

Other symbols:BDCMLITEXWIRE
1 month ago - Zacks Investment Research

Kadant (KAI) Beats Q2 Earnings and Revenue Estimates

Kadant (KAI) delivered earnings and revenue surprises of 33.11% and 9.96%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Kadant Reports Record Results for Second Quarter 2021

WESTFORD, Mass., Aug. 03, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 3, 2021.

1 month ago - GlobeNewsWire

Kadant to Hold Earnings Conference Call on Wednesday, August 4, 2021

WESTFORD, Mass., July 29, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2021 second quarter results after the market closes on Tuesday, August 3, 2021 and will hold a we...

1 month ago - GlobeNewsWire

Kadant (KAI) Earnings Expected to Grow: Should You Buy?

Kadant (KAI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Kadant's (KAI) Buyout of Clouth to Enhance Product Offerings

Kadant's (KAI) buyout of Clouth will allow it to offer a comprehensive line of doctor blades solution to its customers.

3 months ago - Zacks Investment Research

Kadant to Acquire German Blade Manufacturer Joh. Clouth

WESTFORD, Mass., June 17, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE:KAI) has entered into a definitive agreement to acquire Joh. Clouth GmbH & Co. KG and its affiliates (“Clouth”) for approximately 78 ...

3 months ago - GlobeNewsWire

Artificial Intelligence Ranks Kadant Inc Among Today's Top Buys

The Dow Jones fell about 30 points, the S&P 500 inched up about 0.2%, and the Nasdaq gained 0.5%. Meanwhile, Q.ai's deep learning algorithms crunched the numbers to find today's Top Buys.

3 months ago - Forbes

Kadant's (KAI) Board Okays Quarterly Dividend & Share Buyback

Kadant (KAI) to reward shareholders with quarterly dividend payouts and share buybacks under a newly approved $20-million share-buyback program. This underpins its strong cash and financial positions.

4 months ago - Zacks Investment Research

Kadant Authorizes Share Repurchase

WESTFORD, Mass., May 20, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has authorized the repurchase of up to $20 million of its equity securities effectiv...

4 months ago - GlobeNewsWire

Kadant Declares Cash Dividend

WESTFORD, Mass., May 20, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced today that its Board of Directors has approved a quarterly cash dividend to stockholders of $0.25 per share to be paid...

4 months ago - GlobeNewsWire

Kadant (KAI) Q1 Earnings and Revenues Top Estimates

Kadant (KAI) delivered earnings and revenue surprises of 5.15% and 1.58%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Kadant: Q1 Earnings Insights

Shares of Kadant (NYSE:KAI) rose in after-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 31.19% year over year to $1.43, which beat the estimate of ...

4 months ago - Benzinga

Kadant Reports First Quarter 2021 Results and Record Bookings

WESTFORD, Mass., May 04, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the first quarter ended April 3, 2021.

4 months ago - GlobeNewsWire

Kadant to Hold Earnings Conference Call on Wednesday, May 5, 2021

WESTFORD, Mass., April 29, 2021 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) announced it will release its 2021 first quarter results after the market closes on Tuesday, May 4, 2021 and will hold a webca...

4 months ago - GlobeNewsWire