Bank of America Corp DE Makes New $33.99 Million Investment in Kadant Inc $KAI

Key Points

• Bank of America acquired 108,182 Kadant shares worth approximately $33.99 million, representing about 0.92% of the company. Institutional investors collectively own 96.13% of Kadant.
• Kadant exceeded quarterly expectations, reporting $3.42 in EPS versus the $2.94 consensus and $312.88 million in revenue, up 22.6% year over year. The company issued fiscal 2026 EPS guidance of $12.43–$12.68.
• Kadant declared a quarterly dividend of $0.36 per share, or $1.44 annualized, yielding approximately 0.5%. Analysts maintain a consensus “Hold” rating with an average price target of $357.50.

Bank of America Corp DE acquired a new position in shares of Kadant Inc (NYSE:KAI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 108,182 shares of the industrial products company's stock, valued at approximately $33,994,000. Bank of America Corp DE owned about 0.92% of Kadant at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Kadant during the 2nd quarter worth $565,205,000. Wasatch Advisors LP boosted its stake in Kadant by 13.7% in the first quarter. Wasatch Advisors LP now owns 1,038,548 shares of the industrial products company's stock valued at $303,619,000 after acquiring an additional 125,342 shares in the last quarter. Capital World Investors boosted its stake in Kadant by 56.5% in the fourth quarter. Capital World Investors now owns 494,773 shares of the industrial products company's stock valued at $141,020,000 after acquiring an additional 178,563 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kadant by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 314,496 shares of the industrial products company's stock worth $89,651,000 after purchasing an additional 2,294 shares during the last quarter. Finally, Riverbridge Partners LLC grew its holdings in shares of Kadant by 43.4% during the first quarter. Riverbridge Partners LLC now owns 252,230 shares of the industrial products company's stock worth $73,739,000 after purchasing an additional 76,366 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

Kadant Trading Up 2.6%

NYSE:KAI opened at $272.79 on Wednesday. Kadant Inc has a 12-month low of $244.87 and a 12-month high of $354.07. 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 stock's 50 day simple moving average is $305.29 and its 200-day simple moving average is $308.84. The firm has a market cap of $3.22 billion, a P/E ratio of 29.33 and a beta of 1.17.

Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $2.94 by $0.48. The firm had revenue of $312.88 million during the quarter, compared to the consensus estimate of $299.17 million. Kadant had a return on equity of 13.16% and a net margin of 9.52%.The company's revenue for the quarter was up 22.6% on a year-over-year basis. During the same period last year, the company earned $2.31 earnings per share. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. Equities analysts anticipate that Kadant Inc will post 12.56 EPS for the current year.

Kadant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Thursday, October 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Kadant's dividend payout ratio is currently 15.48%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings downgraded Kadant from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday. DA Davidson boosted their price objective on Kadant from $306.00 to $335.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised Kadant from a "hold" rating to a "buy" rating in a report on Saturday, September 12th. 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 an average rating of "Hold" and an average target price of $357.50.

About Kadant

Kadant Inc NYSE: KAI is a global supplier of technologies and equipment used in the production of paper and other industrial products. The company develops solutions that help customers manage fluid flow, process raw materials, remove contaminants, and improve the efficiency and sustainability of manufacturing operations.

Its products and services include fluid-handling equipment, doctoring and cleaning systems, stock-preparation equipment, granulators, screens, filtration systems, steam and condensate systems, and related process technologies.

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