13,776 Shares in Kadant Inc $KAI Purchased by Emerald Investment Advisers LLC

Emerald Investment Advisers LLC purchased a new stake in Kadant Inc (NYSE:KAI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,776 shares of the industrial products company's stock, valued at approximately $4,329,000. Emerald Investment Advisers LLC owned 0.12% of Kadant as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its stake in shares of Kadant by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 2,763 shares of the industrial products company's stock valued at $931,000 after purchasing an additional 279 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Kadant by 8.6% during the first quarter. Integrated Wealth Concepts LLC now owns 907 shares of the industrial products company's stock worth $306,000 after purchasing an additional 72 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kadant by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,985 shares of the industrial products company's stock worth $2,353,000 after purchasing an additional 311 shares during the last quarter. United Services Automobile Association acquired a new stake in shares of Kadant during the first quarter worth $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Kadant by 1.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,974 shares of the industrial products company's stock valued at $10,435,000 after buying an additional 441 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on KAI shares. DA Davidson boosted 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 cut shares of Kadant from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Wall Street Zen downgraded shares of Kadant from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Kadant from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Finally, Barrington Research reissued an "outperform" rating and set a $380.00 price target on shares of Kadant in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $357.50.

Kadant Trading Down 0.2%

Shares of KAI opened at $313.41 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.49. The firm's 50-day moving average is $312.58 and its two-hundred day moving average is $316.45. Kadant Inc has a twelve month low of $244.87 and a twelve month high of $354.07. The firm has a market capitalization of $3.70 billion, a P/E ratio of 33.70 and a beta of 1.20.

Kadant (NYSE:KAI - Get Free Report) last issued its earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share (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 company had revenue of $312.88 million during the quarter, compared to analysts' expectations of $299.17 million. During the same period last year, the company posted $2.31 earnings per share. The firm's quarterly revenue was up 22.6% compared to the same quarter last year. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. On average, research analysts predict that Kadant Inc will post 12.56 earnings per share for the current fiscal year.

Kadant declared that its Board of Directors has authorized a share repurchase plan on Thursday, May 21st that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, SVP Stacy D. Krause sold 1,227 shares of Kadant stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $334.17, for a total transaction of $410,026.59. Following the completion of the transaction, the senior vice president directly owned 1,363 shares of the company's stock, valued at approximately $455,473.71. The trade was a 47.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is owned by insiders.

Kadant 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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