Kadant Inc $KAI Stock Position Reduced by Callan Family Office LLC

Key Points

• Callan Family Office LLC has reduced its stake in Kadant Inc (NYSE:KAI) by 41.1% in the first quarter, leaving it with 1,260 shares valued at approximately $425,000.
• Vanguard Group Inc. and Conestoga Capital Advisors LLC have increased their holdings in Kadant significantly, now owning 1.3 million and 221,000 shares, respectively, as of their latest reports.
• Kadant recently reported earnings of $2.31 per share, exceeding analyst expectations, but its revenue declined by 7.3% year-over-year to $255.27 million.

Callan Family Office LLC lowered its position in Kadant Inc (NYSE:KAI - Free Report) by 41.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,260 shares of the industrial products company's stock after selling 880 shares during the quarter. Callan Family Office LLC's holdings in Kadant were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Kadant by 9.4% in 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 lifted its stake in shares of Kadant by 97.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 221,209 shares of the industrial products company's stock worth $74,528,000 after acquiring an additional 109,439 shares during the period. GAMMA Investing LLC lifted its stake in shares of Kadant by 150,885.2% in the 1st quarter. GAMMA Investing LLC now owns 81,532 shares of the industrial products company's stock worth $27,469,000 after acquiring an additional 81,478 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Kadant by 809.9% in the first quarter. Principal Financial Group Inc. now owns 64,893 shares of the industrial products company's stock valued at $21,863,000 after acquiring an additional 57,761 shares in the last quarter. Finally, Public Sector Pension Investment Board acquired a new position in shares of Kadant during the first quarter valued at approximately $12,555,000. Institutional investors own 96.13% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. DA Davidson upped their price objective on Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Wall Street Zen upgraded shares of Kadant from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Barrington Research restated an "outperform" rating and set a $380.00 price objective on shares of Kadant in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $340.00.

Kadant Trading Down 0.9%

Shares of KAI traded down $3.22 during midday trading on Tuesday, hitting $340.15. The stock had a trading volume of 77,673 shares, compared to its average volume of 143,688. The business has a 50-day simple moving average of $327.59 and a two-hundred day simple moving average of $332.35. The firm has a market cap of $4.01 billion, a P/E ratio of 37.88 and a beta of 1.24. 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 Inc has a fifty-two week low of $281.30 and a fifty-two week high of $429.95.

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

Kadant declared that its board has authorized a stock repurchase plan on Thursday, May 15th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are 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.