Teacher Retirement System of Texas Sells 213 Shares of Kadant Inc $KAI

Teacher Retirement System of Texas lowered its stake in Kadant Inc (NYSE:KAI) by 10.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,853 shares of the industrial products company’s stock after selling 213 shares during the period. Teacher Retirement System of Texas’ holdings in Kadant were worth $588,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in Kadant by 56.9% in the 2nd quarter. Bessemer Group Inc. now owns 4,462 shares of the industrial products company’s stock worth $1,416,000 after purchasing an additional 1,618 shares during the period. MQS Management LLC bought a new position in shares of Kadant in the second quarter worth approximately $233,000. Linden Thomas Advisory Services LLC grew its holdings in shares of Kadant by 20.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 2,675 shares of the industrial products company’s stock worth $849,000 after purchasing an additional 450 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Kadant by 19.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 6,097 shares of the industrial products company’s stock worth $1,935,000 after buying an additional 973 shares during the period. Finally, Ethic Inc. raised its holdings in Kadant by 28.3% during the 2nd quarter. Ethic Inc. now owns 976 shares of the industrial products company’s stock valued at $306,000 after buying an additional 215 shares during the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Kadant Trading Up 0.3%

Shares of KAI opened at $269.10 on Friday. Kadant Inc has a 1-year low of $264.32 and a 1-year high of $429.95. The company has a current ratio of 9.39, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $299.89 and its 200-day moving average price is $314.66. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 31.11 and a beta of 1.24.

Kadant (NYSE:KAI) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.41. The company had revenue of $271.57 million during the quarter, compared to the consensus estimate of $260.17 million. Kadant had a net margin of 9.96% and a return on equity of 11.97%. Kadant’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm 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. Sell-side analysts anticipate that Kadant Inc will post 9.97 EPS for the current year.

Kadant Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 9th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, October 9th. Kadant’s dividend payout ratio is presently 15.72%.

Analysts Set New Price Targets

KAI has been the topic of a number of recent analyst reports. DA Davidson raised their price target on shares of Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Barrington Research reiterated an “outperform” rating and set a $380.00 target price on shares of Kadant in a report on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kadant in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $340.00.

Insider Transactions at Kadant

In other Kadant news, Director Thomas C. Leonard sold 415 shares of the firm’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 transaction, the director owned 4,250 shares of the company’s stock, valued at approximately $1,438,242.50. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.

Kadant Company 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.