Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities
Market Price of Common Stock
Our common stock trades on the New York Stock Exchange under the symbol "KAI." The closing market price on the New York Stock Exchange for our common stock on February 14, 2025 was $388.46 per share.
Holders of Common Stock
As of February 14, 2025, we had 1,645 holders of record of our common stock. This does not include holdings in street or nominee name.
Issuer Purchases of Equity Securities
On May 16, 2024, our board of directors approved the repurchase of up to $50.0 million of our equity securities during the period from May 16, 2024 to May 16, 2025. We have not repurchased any shares of our common stock under this authorization or under our previous $50.0 million authorization, which expired on May 18, 2024.
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Table of Contents
Kadant Inc.
Performance Graph
This performance graph compares the cumulative, five-year total shareholder return assuming an investment of $100 (and the reinvestment of dividends) in our common stock, the Russell 3000 Stock Index, and the Dow Jones U.S. Industrial Machinery TSM Index. Because our fiscal year ends on a Saturday, the graph values are calculated using the last trading day prior to the end of our fiscal year.
12/28/2019 1/2/2021 1/1/2022 12/31/2022 12/30/2023 12/28/2024
Kadant Inc. $ 100.00 $ 134.60 $ 221.31 $ 171.70 $ 272.46 $ 342.40
Russell 3000 100.00 120.89 151.91 122.73 154.59 191.39
Dow Jones U.S. Industrial Machinery TSM 100.00 116.68 145.09 126.64 161.73 179.57
Item 6. [Reserved]
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