B. Metzler seel. Sohn & Co. AG Lowers Position in Kadant Inc $KAI

Key Points

• B. Metzler seel. Sohn & Co. AG reduced its stake in Kadant Inc (NYSE:KAI) by 9.7%, selling 1,368 shares and now holding 12,745 shares valued at approximately $4.29 million.
• Vanguard Group Inc. and Conestoga Capital Advisors LLC significantly increased their positions in Kadant, with Vanguard raising its stake by 9.4% and Conestoga increasing it by 97.9%.
• Analysts have set a target price for Kadant with an average of $340.00 per share, and the company reported a quarterly EPS of $2.31, exceeding estimates while experiencing a 7.3% decline in revenue year-over-year.

B. Metzler seel. Sohn & Co. AG lessened its position in Kadant Inc (NYSE:KAI - Free Report) by 9.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,745 shares of the industrial products company's stock after selling 1,368 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.11% of Kadant worth $4,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in KAI. Vanguard Group Inc. increased its position in Kadant by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company's stock valued at $448,961,000 after buying an additional 114,310 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Kadant by 97.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 221,209 shares of the industrial products company's stock valued at $74,528,000 after buying an additional 109,439 shares in the last quarter. Northern Trust Corp increased its position in Kadant by 7.1% during the 1st quarter. Northern Trust Corp now owns 165,438 shares of the industrial products company's stock valued at $55,738,000 after buying an additional 10,972 shares in the last quarter. Janus Henderson Group PLC increased its position in Kadant by 20.0% during the 4th quarter. Janus Henderson Group PLC now owns 156,358 shares of the industrial products company's stock valued at $53,985,000 after buying an additional 26,067 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Kadant by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 126,606 shares of the industrial products company's stock valued at $42,655,000 after buying an additional 4,920 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KAI. Barrington Research reaffirmed an "outperform" rating and set a $380.00 price objective on shares of Kadant in a research report on Tuesday, July 29th. DA Davidson raised their price objective on Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Finally, Wall Street Zen raised Kadant from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $340.00.

Kadant Stock Down 0.1%

Kadant stock opened at $337.47 on Thursday. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 37.58 and a beta of 1.24. The stock has a fifty day simple moving average of $329.84 and a two-hundred day simple moving average of $331.33. Kadant Inc has a 12 month low of $281.30 and a 12 month high of $429.95. The company has a current ratio of 2.38, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26.

Kadant (NYSE:KAI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $1.94 by $0.37. The business had revenue of $255.27 million during the quarter, compared to analyst estimates of $245.99 million. Kadant had a return on equity of 12.62% and a net margin of 10.34%.The company's quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.81 EPS. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. Equities analysts predict that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant declared that its board has initiated a share buyback program on Thursday, May 15th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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.

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