Stocks of Kennametal Inc (NYSE:KMT) traded higher last session on Wall Street, up 0.08% to $24.36.
KMT stock price is now 13.16% away from the 50-day moving average and 3.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.86B.
With the price target reduced from $40 to $32, Jefferies Downgraded its rating from Buy to Hold for Kennametal Inc (NYSE: KMT). On October 18, 2024, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $26, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Chowbey Sanjay, President and CEO bought 10,000 shares of the company’s stock on Feb 11 ’25. The stock was bought for $217,530 at an average price of $21.75. Upon completion of the transaction, the President and CEO now directly owns 77,595 shares in the company, valued at $1.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Vice President Cardenas Franklin sold 20,470 shares of the business’s stock. A total of $578,052 was realized by selling the stock at an average price of $28.24. This leaves the insider owning 39,581 shares of the company worth $0.96 million. A total of 1.25% of the company’s stock is owned by insiders.
During the past 12 months, Kennametal Inc has had a low of $17.30 and a high of $32.18. As of last week, the company has a debt-to-equity ratio of 0.53, a current ratio of 2.44, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $2348212736, which is based on a 17.60 price-to-earnings ratio, a 10.12 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for KMT is $21.5276 and a two-hundred day moving average price translates $23.5734 for the stock.
The latest earnings results from Kennametal Inc (NYSE: KMT) was released for 2025-03-31. The net profit margin was 5.45% and return on equity was 8.69% for KMT. The company reported revenue of $486.4 million for the quarter, compared to $515.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.7 percent.
