1 week Ago By Defense World Staff
Kadant (NYSE:KAI – Get Free Report)‘s stock had its “outperform” rating reiterated by analysts at Barrington Research in a report issued on Friday,Benzinga reports. They presently have a $410.00 price objective on the industrial products company’s stock.
Barrington Research’s price target suggests a potential upside of 31.66% from the company’s previous close.Kadant Stock Down 1.
4 %Shares of NYSE:KAI opened at $311.40 on Friday. The stock has a 50-day simple moving average of $340.
03 and a 200-day simple moving average of $357.58. The stock has a market capitalization of $3.
67 billion, a P/E ratio of 32.85 and a beta of 1.24.
Kadant has a 1 year low of $249.51 and a 1 year high of $429.95.
The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.46 and a current ratio of 2.
29. Kadant (NYSE:KAI – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $2.
25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.17.
Kadant had a net margin of 10.59% and a return on equity of 14.66%.
Equities analysts forecast that Kadant will post 9.97 earnings per share for the current year. Hedge Funds Weigh In On KadantInstitutional investors and hedge funds have recently bought and sold shares of the stock.
Dudley & Shanley Inc. lifted its position in shares of Kadant by 196.7% during the third quarter.
Dudley & Shanley Inc. now owns 32,500 shares of the industrial products company’s stock worth $10,985,000 after purchasing an additional 21,545 shares in the last quarter. JPMorgan Chase & Co.
increased its stake in Kadant by 60.3% during the 3rd quarter. JPMorgan Chase & Co.
now owns 64,722 shares of the industrial products company’s stock worth $21,876,000 after buying an additional 24,358 shares during the period. Synovus Financial Corp acquired a new position in Kadant in the 3rd quarter worth $585,000. KBC Group NV boosted its position in Kadant by 54.
6% in the 4th quarter. KBC Group NV now owns 504 shares of the industrial products company’s stock valued at $174,000 after buying an additional 178 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Kadant during the fourth quarter valued at about $464,000.
Hedge funds and other institutional investors own 96.13% of the company’s stock. About Kadant (Get Free Report)Kadant Inc supplies technologies and engineered systems worldwide.
It operates in 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, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.Featured ArticlesFive stocks we like better than KadantStock Ratings and Recommendations: Understanding Analyst RatingsMarkets Think Robinhood Earnings Could Send the Stock UpExpert Stock Trading Psychology TipsChurchill Downs Stock: Could Tariff Fears Dampen Derby Gains?How to Invest in Tech Stocks and Top Tech Stocks to ConsiderAT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround.
