Professional
Added to YB: 2024-08-01
Pitch date: 2024-06-30
KMT [bullish]
Kennametal Inc.
+73.3%
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
$3.0B
Pitch Price
$22.29
Price Target
N/A
Dividend
2.02%
EV/EBITDA
10.14
P/E
27.66
EV/Sales
1.76
Sector
Machinery
Category
turnaround
Show full summary:
Heartland Value Plus Fund Portfolio Holding: Kennametal Inc.
KMT: Industrial cutting tool maker emerging from trough demand. EBITDA down in 5/7 quarters. $200M cost cuts, 20% headcount reduction, 6 plant closures in 5-yr restructuring. Sales stabilizing; slight demand uptick could boost margins. New CEO bought shares, active buyback. Poised for rebound as restructuring completed.
Read full article (1 min)