Kadant Stock News

Kadant Inc. (NYSE:KAI) Director William P. Tully sold 1,564 shares of the stock in a transaction dated Wednesday, December 15th. The stock was sold at an average price of $219.32, for a total value of $343,016.48. The sale was disclosed in a document filed with the SEC, which is available at this link. KAI stock []

Parametric Portfolio Associates LLC grew its holdings in Kadant Inc. (NYSE:KAI) by 5.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,021 shares of the industrial products companys stock after purchasing an additional 1,313 shares during the period. Parametric Portfolio Associates LLCs holdings in []

Goldman Sachs Group Inc. lowered its position in shares of Kadant Inc. (NYSE:KAI) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,103 shares of the industrial products companys stock after selling 90 shares during the period. Goldman Sachs Group [] The post Goldman Sachs Group Inc. Cuts Stake in Kadant Inc. (NYSE:KAI) appeared first on ETF Daily News .

Kadant''s 3Q 2021 revenue increased 29% to a record $199.8 million compared to $154.6 million in the 3Q 2020. Gross margin was 41.9%, which included a negative 110 basis point impact from the amortization of acquired profit in inventory, compared to 44.2% in 2020, which included a positive 110 basis point impact from the receipt of government assistance benefits related to the pandemic.

Kadant, Inc. (KAI) shares closed today at 0.2% below its 52 week high of $240.47, giving the company a market cap of $2B. The stock is currently up 71.2% year-to-date, up 83.4% over the past 12 months, and up 313.0% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 0.2%. Trading Activity Trading volume this week was 16.3% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.1. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Industrials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 91.0% The company's stock price performance over the past 12 months beats the peer average by 113.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 97.0% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

UBS Asset Management Americas Inc. reduced its holdings in Kadant Inc. (NYSE:KAI) by 3.1% during the 2nd quarter, Holdings Channel reports. The fund owned 12,172 shares of the industrial products companys stock after selling 387 shares during the quarter. UBS Asset Management Americas Inc.s holdings in Kadant were worth $2,143,000 at the end of the []

Kadant Inc. (NYSE:KAI) CFO Michael J. Mckenney sold 4,728 shares of the stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $221.34, for a total transaction of $1,046,495.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. []

Wall Street brokerages expect that Kadant Inc. (NYSE:KAI) will announce $215.81 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Kadants earnings, with the highest sales estimate coming in at $220.20 million and the lowest estimate coming in at $212.44 million. Kadant posted sales of $168.43 million in []

WESTFORD, Mass., Nov. 18, 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

AQR Capital Management LLC boosted its stake in shares of Kadant Inc. (NYSE:KAI) by 7.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,870 shares of the industrial products companys stock after buying an additional 341 shares during the quarter. AQR Capital Management LLCs []

Kadant Inc with ticker code (KAI) now have 3 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 245 and 211 calculating the average target price we see 228.67. Given that the stocks previous close was at 227.3 this now indicates there is a potential upside of .6%. The day 50 moving average is 216.09 and the 200 moving average now moves to 194.43. The company has a market cap of $2,637m. Find out more information at: /> [stock_market_widget type="chart" symbol="KAI" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] 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-conditioning systems, formation systems, and water-filtration systems.

Nuveen Asset Management LLC decreased its stake in Kadant Inc. (NYSE:KAI) by 12.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,690 shares of the industrial products companys stock after selling 5,480 shares during the period. Nuveen Asset Management LLCs holdings []

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Charles Schwab Investment Management Inc. lifted its position in shares of Kadant Inc. (NYSE:KAI) by 2.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,058 shares of the industrial products companys stock after acquiring an additional 2,142 shares during the quarter. Charles []

Kadant Inc. (KAI) CEO Jeff Powell on Q3 2021 Results - Earnings Call Transcript