Vestmark Advisory Solutions Inc. Sells 9,993 Shares of Kadant Inc $KAI

Vestmark Advisory Solutions Inc. decreased its holdings in shares of Kadant Inc (NYSE:KAI) by 53.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,603 shares of the industrial products company’s stock after selling 9,993 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Kadant were worth $2,731,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KAI. Maryland State Retirement & Pension System increased its position in shares of Kadant by 1.0% during the second quarter. Maryland State Retirement & Pension System now owns 3,461 shares of the industrial products company’s stock worth $1,099,000 after acquiring an additional 34 shares in the last quarter. Sheets Smith Wealth Management raised its stake in shares of Kadant by 1.6% in the second quarter. Sheets Smith Wealth Management now owns 2,360 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 38 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Kadant by 2.2% in the first quarter. Apollon Wealth Management LLC now owns 1,795 shares of the industrial products company’s stock valued at $605,000 after purchasing an additional 39 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Kadant by 5.6% during the first quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company’s stock valued at $256,000 after buying an additional 40 shares during the last quarter. Finally, Blair William & Co. IL grew its holdings in Kadant by 0.3% during the second quarter. Blair William & Co. IL now owns 11,673 shares of the industrial products company’s stock worth $3,706,000 after buying an additional 40 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Kadant

In related news, Director Thomas C. Leonard sold 415 shares of Kadant stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $338.41, for a total value of $140,440.15. Following the sale, the director owned 4,250 shares of the company’s stock, valued at approximately $1,438,242.50. The trade was a 8.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on KAI shares. Weiss Ratings restated a “hold (c+)” rating on shares of Kadant in a research note on Wednesday, October 8th. DA Davidson increased their target price on shares of Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, Barrington Research reissued an “outperform” rating and set a $380.00 price target on shares of Kadant in a research report on Monday, October 27th. 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, Kadant currently has a consensus rating of “Hold” and a consensus target price of $340.00.

Kadant Trading Up 0.3%

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

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

Kadant Announces Dividend

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

About Kadant

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.