The stock of Kennametal Inc. (NYSE:KMT) decreased by -$0.47 on Friday to finish at $26.83, down -1.72 percent. The last five days have seen an average of 775,880 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $2.77. The average number of shares traded over the last 20 days was 802,125, while the average volume over the last 50 days totaled 753,670.
KMT stock dropped -8.83% since last month. On 08/08/23, the company’s shares reached a one-month low of $26.47. The stock touched a high of $30.60 on 07/31/23, after rallying from a low of $20.21 in 52 weeks. The price of KMT stock has risen by 11.51% or $2.77 this year, reaching a new high 17 times. Still, the stock price is down -12.32% from the 52-week high.
Insider Transactions
KMT stock investors should be aware that Kennametal Inc. (KMT) stock had its last reported insider trading activity 158 days ago on Mar 09. On Mar 09, Vice President Witt John Wayne sold 800 shares at $29.61 each. This transaction resulted in the insider making $23,692. On Feb 17, Witt John Wayne sold 730 shares at a price of US$29.00. After the transaction, the insider now owns 800 shares. Vice President Witt John Wayne had earlier sold 700 shares on Dec 08 for $25.50 a share. The transaction was completed for $17,850.
Valuation Metrics
Kennametal Inc. (KMT) has a trailing price-to-earnings (P/E) ratio of 18.44. Beta for the stock is 1.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.05, the price-to-book (PB) ratio of 1.69, and the price-to-cash flow ratio of 33.05.
Company paid $0.20 per share in dividends, remained unchanged from $0.20 last year. A $0.02 dividend increase was reported on Thursday July 30 2015.
Financial Health
For the three months ended June 29, Kennametal Inc.’s quick ratio was 1.00, while its current ratio was 2.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.47, and the total debt to equity ratio is 0.52. As far as profitability goes, gross margin for the trailing twelve months is 31.30% percent. Kennametal Inc.’s operating margin stood at 9.60% for the same period. Based on annual data, it had gross profit of $646.44 million and revenue of $2.08 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KMT’s return on assets (ROA) during the last 12 months has been 4.90%. There was a 8.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 10.20%.
Earnings Surprise
According to Kennametal Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $550.24 million, while revenues rose by 3.67% to $536.04 million. It was predicted that Kennametal Inc.’s quarterly earnings would be $0.45, but it ended up being $0.59, beating the consensus by -23.70%. At the end of Kennametal Inc.’s most recent quarter ended June 29, its liabilities totaled 1.23 billion, while its total debt was $639.42 million.
Technical Picture
Here’s a quick look at Kennametal Inc.’s (KMT) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 29.76%, suggesting the stock is oversold, with a 28.30% historical volatility rate.
The stochastic %K and %D were 16.38% and 17.07% respectively, while the average true range (ATR) was 0.85. Based on the 14-day stochastic reading of 8.72%, the RSI (14) reading is 36.61%. On the 9-day MACD Oscillator, the stock is at -0.53, and the 14-day reading is at -1.21.
Analyst Ratings
Kennametal Inc. (NYSE: KMT) was downgraded by UBS to a a Sell rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Kennametal Inc. (KMT) an Underweight rating. KMT is a stock that is recommended for selling by 3 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is KMT’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.00 and $35.00, with a median target price of $28.00. In analyzing these forecasts, the average price target given by analysts for Kennametal Inc. (KMT) is $27.60.
