Kadant (NYSE:KAI – Get Free Report) posted its quarterly earnings results on Tuesday. The industrial products company reported $3.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.48, FiscalAI reports. The firm had revenue of $312.88 million for the quarter, compared to analysts’ expectations of $299.17 million. Kadant had a return on equity of 13.32% and a net margin of 9.52%.The company’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 EPS. Kadant updated its FY 2026 guidance to 12.430-12.680 EPS and its Q3 2026 guidance to 2.900-3.000 EPS.
Kadant Stock Down 0.4%
KAI stock traded down $1.23 during trading on Thursday, hitting $335.89. 93,886 shares of the stock traded hands, compared to its average volume of 156,583. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 36.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.47 and a quick ratio of 1.53. Kadant has a 1 year low of $244.87 and a 1 year high of $357.65. The firm’s 50 day moving average is $306.66 and its two-hundred day moving average is $316.06.
Kadant Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 16th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, July 16th. Kadant’s dividend payout ratio is currently 15.48%.
Insider Activity
Institutional Investors Weigh In On Kadant
Large investors have recently made changes to their positions in the company. Cibc World Markets Corp purchased a new position in Kadant during the fourth quarter worth $222,000. CIBC Asset Management Inc purchased a new stake in shares of Kadant in the fourth quarter valued at $211,000. Armistice Capital LLC bought a new stake in shares of Kadant in the 3rd quarter worth about $216,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Kadant by 103.2% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 256 shares of the industrial products company’s stock worth $76,000 after acquiring an additional 130 shares during the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in shares of Kadant during the 3rd quarter worth about $140,000. 96.13% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. DA Davidson set a $335.00 price target on shares of Kadant in a research note on Thursday. Barrington Research reiterated an “outperform” rating and issued a $380.00 target price on shares of Kadant in a report on Monday, May 4th. Weiss Ratings downgraded Kadant from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wall Street Zen upgraded Kadant from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research lowered shares of Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $357.50.
View Our Latest Stock Analysis on Kadant
Kadant declared that its board has initiated a stock repurchase program on Thursday, May 21st that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Kadant Company Profile
Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.
Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.
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