Kadant Inc (NYSE:KAI) is expected to pay $0.19 on Nov 10, 2016. The indicated annual dividend is $0.76. Shareholders owning the stock before Oct 11, 2016 will be eligible to receive the payout. Based on Kadant Inc’s current price of $50.88, the dividend is 0.37%. This dividend’s record date is Oct 13, 2016 and the announcement date is Sep 15, 2016. The stock decreased 3.25% or $1.71 on October 7, hitting $50.88. Kadant Inc. (NYSE:KAI) has risen 21.49% since March 7, 2016 and is uptrending. It has outperformed by 13.90% the S&P500.
Kadant Inc. is a supplier of equipment used in process industries. The company has a market cap of $536.42 million. The process industries, including papermaking, paper recycling and oriented strand board , an engineered wood panel product used primarily in home construction. It has a 16.47 P/E ratio. In addition, the Company makes granules made from papermaking byproducts.
Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.04, from 0.98 in 2016Q1. The ratio turned negative, as 10 funds sold all Kadant Inc. shares owned while 52 reduced positions. 26 funds bought stakes while 32 increased positions. They now own 9.09 million shares or 0.75% less from 9.16 million shares in 2016Q1.
Brown Advisory holds 621,263 shares or 0.11% of its portfolio. Aperio Grp Ltd Co holds 0.01% or 15,431 shares in its portfolio. Numeric Limited Liability Company owns 40,202 shares or 0.02% of their US portfolio. Thompson Siegel And Walmsley owns 28 shares or 0% of their US portfolio. Manufacturers Life The holds 7,516 shares or 0% of its portfolio. Arrow Financial Corporation reported 809 shares or 0.01% of all its holdings. The Illinois-based First L P has invested 0% in Kadant Inc. (NYSE:KAI). Glenmede Na last reported 0% of its portfolio in the stock. Clean Yield Gp holds 58,693 shares or 1.3% of its portfolio. Northpointe Limited Company has 58,772 shares for 0.36% of their US portfolio. Voya Management Ltd Llc has 0% invested in the company for 6,844 shares. Paradigm Management Ny last reported 32,000 shares in the company. Blackrock Fund Advsrs has 278,722 shares for 0% of their US portfolio. Springbok Management Ltd Liability Corp has 0.02% invested in the company for 2,200 shares. Smith Asset Gp Lp owns 46,900 shares or 0.07% of their US portfolio.
Insider Transactions: Since April 26, 2016, the stock had 0 insider buys, and 12 selling transactions for $2.83 million net activity. Shares for $120,000 were sold by LEONARD THOMAS C. The insider PAINTER JONATHAN W sold 10,000 shares worth $503,217. Tully William P also sold $194,426 worth of Kadant Inc. (NYSE:KAI) on Tuesday, July 5. 3,316 Kadant Inc. (NYSE:KAI) shares with value of $168,617 were sold by LAMBERT SANDRA L. 7,773 Kadant Inc. (NYSE:KAI) shares with value of $397,992 were sold by Powell Jeffrey L.
Kadant Inc. (NYSE:KAI) Ratings Coverage
Out of 4 analysts covering Kadant (NYSE:KAI), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Kadant has been the topic of 5 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Macquarie Research on Thursday, October 29. Zacks downgraded Kadant Inc. (NYSE:KAI) on Wednesday, August 12 to “Hold” rating. The stock of Kadant Inc. (NYSE:KAI) earned “Market Perform” rating by William Blair on Friday, September 16. The firm has “Buy” rating by Seaport Global given on Thursday, August 18. On Friday, August 5 the stock rating was maintained by Barrington Research with “Outperform”.
More news for Kadant Inc. (NYSE:KAI) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on December 22, 2009. Prnewswire.com‘s article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Kadant Inc …” and published on June 20, 2016 is yet another important article.
KAI Company Profile
Kadant Inc., incorporated on November 12, 1991, is a supplier of equipment used in process industries, including papermaking, paper recycling and oriented strand board (OSB), an engineered wood panel product used primarily in home construction. In addition, the Company makes granules made from papermaking byproducts. The Company’s customer base includes paper and OSB manufacturers. The Firm operates in two divisions: Papermaking Systems and Wood Processing Systems, and a separate product line, Fiber Products. Through its Papermaking Systems segment, it develops, makes and markets a range of equipment and products for the papermaking, paper recycling and other process industries. Through its Wood Processing Systems segment, it designs, makes and markets stranders and related equipment used in the production of OSB and sells debarking and wood chipping equipment used in the forest products and the pulp and paper industries. Through its Fiber Products business, the Company makes and sells granules derived from pulp fiber for use as carriers for agricultural, home lawn and garden, and professional lawn, turf and ornamental applications, as well as for oil and grease absorption.
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