Page 6 - Industrial Processing News Today

WESTFORD, Mass., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Kadant Inc. (NYSE: KAI) reported its financial results for the second quarter ended July 1, 2023.

Kadant Inc. (NYSE:KAI – Get Free Report) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 350,400 shares, a growth of 12.1% from the June 15th total of 312,700 shares. Based on an average daily volume of 53,500 shares, the short-interest ratio is […]

William Blair assumed coverage on shares of Kadant (NYSE:KAI – Free Report) in a report published on Friday, FlyOnTheWall reports. The brokerage issued an outperform rating on the industrial products company’s stock. A number of other brokerages have also recently issued reports on KAI. StockNews.com began coverage on shares of Kadant in a report on […]

Kadant Inc. (NYSE:KAI – Get Free Report) announced a quarterly dividend on Thursday, May 18th, Zacks reports. Investors of record on Thursday, July 13th will be given a dividend of 0.29 per share by the industrial products company on Thursday, August 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield […]

Clean Yield Group cut its position in Kadant Inc. (NYSE:KAI – Free Report) by 7.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,825 shares of the industrial products company’s stock after selling 315 shares during the quarter. Clean Yield Group’s […]

Stock analysts at William Blair initiated coverage on shares of Kadant (NYSE:KAI – Free Report) in a research report issued on Friday, FlyOnTheWall reports. The firm set an “outperform” rating on the industrial products company’s stock. KAI has been the subject of several other research reports. StockNews.com assumed coverage on shares of Kadant in a […]

Yarbrough Capital LLC raised its stake in Kadant Inc. (NYSE:KAI – Get Rating) by 102.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,406 shares of the industrial products company’s stock after purchasing an additional 1,724 shares during the quarter. Yarbrough Capital LLC’s holdings […]

Kadant Inc. (NYSE:KAI – Get Rating) VP Fredrik H. Westerhout sold 480 shares of the stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $215.00, for a total value of $103,200.00. Following the completion of the transaction, the vice president now owns 1,387 shares in […]

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