State of New Jersey Common Pension Fund D Has $1.94 Million Stock Position in Kadant Inc $KAI

State of New Jersey Common Pension Fund D grew its stake in Kadant Inc (NYSE:KAI) by 19.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,097 shares of the industrial products company’s stock after purchasing an additional 973 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.05% of Kadant worth $1,935,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in KAI. GAMMA Investing LLC raised its stake in Kadant by 348.1% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company’s stock worth $82,000 after buying an additional 188 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Kadant by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 836 shares of the industrial products company’s stock worth $282,000 after buying an additional 57 shares during the period. Janney Montgomery Scott LLC raised its stake in Kadant by 16.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 695 shares of the industrial products company’s stock worth $234,000 after buying an additional 97 shares during the period. Amalgamated Bank raised its stake in Kadant by 736.5% during the 1st quarter. Amalgamated Bank now owns 3,346 shares of the industrial products company’s stock worth $1,127,000 after buying an additional 2,946 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in Kadant during the 1st quarter worth $912,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Kadant Price Performance

Shares of KAI opened at $275.58 on Friday. The company’s fifty day simple moving average is $306.02 and its 200 day simple moving average is $315.66. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 31.86 and a beta of 1.22. The company has a current ratio of 9.39, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. Kadant Inc has a 1-year low of $270.73 and a 1-year high of $429.95.

Kadant (NYSE:KAI) last announced its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.41. The firm had revenue of $271.57 million for the quarter, compared to the consensus estimate of $260.17 million. Kadant had a return on equity of 11.97% and a net margin of 9.96%.The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.84 earnings per share. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. On average, research analysts forecast that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.34 per share. The ex-dividend date is Thursday, October 9th. This represents a $1.36 annualized dividend and a yield of 0.5%. Kadant’s dividend payout ratio is presently 15.72%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Kadant from a “sell” rating to a “hold” rating in a research note on Saturday, July 5th. DA Davidson lifted their price target on shares of Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Barrington Research reaffirmed an “outperform” rating and issued a $380.00 price target on shares of Kadant in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Kadant in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $340.00.

Insiders Place Their Bets

In other Kadant news, Director Thomas C. Leonard sold 415 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total transaction of $140,440.15. Following the completion of the sale, the director directly owned 4,250 shares in the company, valued at $1,438,242.50. This represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is owned by insiders.

Kadant Profile

Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.