Professional
Added to YB: 2024-04-22
Pitch date: 2024-03-31
KMT [bullish]
Kennametal Inc.
+24.43%
current return
Author Info
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Company Info
Kennametal Inc. engages in development and application of tungsten carbides, ceramics, and hard materials and solutions worldwide.
Market Cap
$2.0B
Pitch Price
$23.57
Price Target
N/A
Dividend
2.97%
EV/EBITDA
7.93
P/E
22.04
EV/Sales
1.32
Sector
Machinery
Category
turnaround
Show full summary:
Heartland Value Plus Fund New Portfolio Holding: Kennametal Inc.
KMT: Industrial tool maker hit by rising costs & FX headwinds. Self-help initiatives: $200M cost cuts, 20% headcount reduction, 6 plant closures in 5yrs. Poised for EBITDA growth on flat to down revs. Trades <8x trough EBITDA w/ 3% div yield & 1.7x net leverage. Upside on slight demand uptick.
Read full article (1 min)