Kennametal Inc (NYSE: KMT) is -4.85% lower on its value in year-to-date trading and has touched a low of $22.50 and a high of $32.18 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KMT stock was last observed hovering at around $24.44 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $24.54, the stock is -8.91% and -9.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing 0.41% at the moment leaves the stock -3.08% off its SMA200. KMT registered -5.72% loss for a year compared to 6-month gain of 5.01%. The firm has a 50-day simple moving average (SMA 50) of $27.1338 and a 200-day simple moving average (SMA200) of $25.3218.
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The stock witnessed a -15.73% loss in the last 1 month and extending the period to 3 months gives it a -3.31%, and is -7.36% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.51% over the week and 2.43% over the month.
Kennametal Inc (KMT) has around 8447 employees, a market worth around $1.91B and $2.04B in sales. Current P/E ratio is 19.23 and Fwd P/E is 14.98. Profit margin for the company is 4.98%. Distance from 52-week low is 9.07% and -23.74% from its 52-week high. The company has generated returns on investments over the last 12 months (5.31%).
with sales reaching $488.31M over the same period.The EPS is expected to shrink by -3.58% this year, but quarterly earnings will post -0.80% year-over-year. Quarterly sales are estimated to shrink -1.41% in year-over-year returns.
Kennametal Inc (KMT) Top Institutional Holders
326.0 institutions hold shares in Kennametal Inc (KMT), with institutional investors hold 115.98% of the company’s shares. The shares outstanding are 77.72M, and float is at 76.79M with Short Float at 8.14%. Institutions hold 114.55% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 13.96 million shares valued at $328.7 million. The investor’s holdings represent 17.6244% of the KMT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.04 million shares valued at $212.91 million to account for 11.4157 of the shares outstanding. The other top investors are ARIEL INVESTMENTS, LLC which holds 8.66 million shares representing 10.9316% and valued at over $203.88 million, while BURGUNDY ASSET MANAGEMENT LTD. holds 6.2827 of the shares totaling 4.98 million with a market value of $117.17 million.
Kennametal Inc (KMT) Insider Activity
The most recent transaction is an insider sale by Cardenas Franklin, the company’s Vice President. SEC filings show that Cardenas Franklin sold 20,470 shares of the company’s common stock on Dec 04 ’24 at a price of $28.24 per share for a total of $0.58 million. Following the sale, the insider now owns 39581.0 shares.
Still, SEC filings show that on Nov 22 ’24, Witt John Wayne (Vice President) disposed off 1,765 shares at an average price of $29.35 for $51803.0. The insider now directly holds 1,642 shares of Kennametal Inc (KMT).
