Kennametal Inc. $KMT Stake Lifted by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC boosted its stake in Kennametal Inc. (NYSE:KMT) by 18.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 656,835 shares of the industrial products company’s stock after purchasing an additional 102,780 shares during the period. Bridgeway Capital Management LLC’s holdings in Kennametal were worth $15,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC bought a new position in shares of Kennametal during the second quarter worth about $27,000. Nomura Asset Management Co. Ltd. lifted its position in Kennametal by 116.2% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,600 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 860 shares during the last quarter. US Bancorp DE lifted its position in Kennametal by 93.4% in the 1st quarter. US Bancorp DE now owns 2,145 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 1,036 shares during the last quarter. GAMMA Investing LLC boosted its stake in Kennametal by 293.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,153 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,606 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Kennametal by 179.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,675 shares of the industrial products company’s stock worth $61,000 after purchasing an additional 1,717 shares during the last quarter.

Kennametal Stock Performance

Shares of NYSE KMT opened at $29.36 on Friday. Kennametal Inc. has a 1 year low of $17.30 and a 1 year high of $29.89. The firm has a market cap of $2.23 billion, a P/E ratio of 24.07, a PEG ratio of 3.98 and a beta of 1.48. The stock has a fifty day moving average price of $25.04 and a two-hundred day moving average price of $23.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.18 and a current ratio of 2.60.

Kennametal (NYSE:KMT) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The company had revenue of $497.97 million for the quarter, compared to the consensus estimate of $477.68 million. Kennametal had a return on equity of 8.35% and a net margin of 4.76%.The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 EPS. Kennametal has set its FY 2026 guidance at 1.350-1.650 EPS. Research analysts forecast that Kennametal Inc. will post 1.17 EPS for the current fiscal year.

Kennametal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 10th were given a $0.20 dividend. The ex-dividend date was Monday, November 10th. This represents a $0.80 annualized dividend and a yield of 2.7%. Kennametal’s payout ratio is 65.57%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KMT. Wall Street Zen raised Kennametal from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Zacks Research upgraded Kennametal from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. Barclays lifted their target price on Kennametal from $22.00 to $25.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. increased their price target on Kennametal from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kennametal in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.60.

Kennametal Profile

Kennametal Inc engages in development and application of tungsten carbides, ceramics, and super-hard materials and solutions for use in metal cutting and extreme wear applications to enable customers work against corrosion and high temperatures conditions worldwide. The company operates through two segments, Metal Cutting and Infrastructure.