NewEdge Wealth LLC bought a new position in shares of Kadant Inc (NYSE:KAI – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 7,411 shares of the industrial products company’s stock, valued at approximately $2,329,000.
Several other institutional investors have also recently added to or reduced their stakes in the business. MidFirst Bank acquired a new position in Kadant in the second quarter valued at approximately $263,000. BlackRock Inc. acquired a new stake in Kadant during the second quarter worth approximately $565,205,000. Deutsche Bank AG acquired a new stake in Kadant during the second quarter worth approximately $3,934,000. OneDigital Investment Advisors LLC purchased a new stake in shares of Kadant during the 2nd quarter worth approximately $836,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Kadant during the 2nd quarter worth approximately $25,923,000. Hedge funds and other institutional investors own 96.13% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the stock. Weiss Ratings raised shares of Kadant from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen cut shares of Kadant from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. DA Davidson upped their price objective on shares of Kadant from $306.00 to $335.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Zacks Research lowered Kadant from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Barrington Research reiterated an “outperform” rating and set a $380.00 target price on shares of Kadant in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $357.50.
Insider Transactions at Kadant
In other Kadant news, SVP Stacy D. Krause sold 1,227 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $334.17, for a total transaction of $410,026.59. Following the transaction, the senior vice president directly owned 1,363 shares of the company’s stock, valued at approximately $455,473.71. This trade represents a 47.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.
Kadant Price Performance
KAI stock opened at $316.09 on Friday. The company has a market capitalization of $3.73 billion, a P/E ratio of 33.99 and a beta of 1.20. Kadant Inc has a twelve month low of $244.87 and a twelve month high of $354.07. The business has a 50 day simple moving average of $311.97 and a 200-day simple moving average of $316.47. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.49.
Kadant (NYSE:KAI – Get Free Report) last announced its earnings results on Tuesday, August 4th. The industrial products company reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.48. Kadant had a net margin of 9.52% and a return on equity of 13.16%. The business had revenue of $312.88 million for the quarter, compared to analysts’ expectations of $299.17 million. During the same period in the previous year, the company posted $2.31 EPS. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. As a group, equities analysts anticipate that Kadant Inc will post 12.56 EPS for the current year.
Kadant declared that its Board of Directors has initiated a stock buyback plan on Thursday, May 21st that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is 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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