Clean Yield Group lifted its holdings in shares of Kadant Inc. (NYSE:KAI - Free Report) by 279.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,647 shares of the industrial products company's stock after purchasing an additional 9,312 shares during the quarter. Kadant makes up about 1.4% of Clean Yield Group's holdings, making the stock its 22nd biggest position. Clean Yield Group owned approximately 0.11% of Kadant worth $4,261,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in KAI. Jones Financial Companies Lllp raised its position in shares of Kadant by 267.9% in the fourth quarter. Jones Financial Companies Lllp now owns 103 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 75 shares during the period. Washington Trust Advisors Inc. acquired a new position in Kadant during the 4th quarter worth $85,000. Venturi Wealth Management LLC boosted its holdings in Kadant by 1,289.5% during the fourth quarter. Venturi Wealth Management LLC now owns 528 shares of the industrial products company's stock valued at $182,000 after acquiring an additional 490 shares during the period. Contravisory Investment Management Inc. grew its position in shares of Kadant by 924.5% in the first quarter. Contravisory Investment Management Inc. now owns 543 shares of the industrial products company's stock valued at $183,000 after purchasing an additional 490 shares during the last quarter. Finally, Freestone Grove Partners LP acquired a new position in shares of Kadant during the 4th quarter worth about $223,000. Institutional investors own 96.13% of the company's stock.
Kadant Price Performance
Shares of Kadant stock traded down $3.83 during midday trading on Wednesday, hitting $329.76. 153,912 shares of the company were exchanged, compared to its average volume of 113,783. The firm has a 50 day simple moving average of $311.25 and a 200-day simple moving average of $347.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.29 and a quick ratio of 1.46. The firm has a market cap of $3.88 billion, a P/E ratio of 34.79 and a beta of 1.26. Kadant Inc. has a 52 week low of $274.99 and a 52 week high of $429.95.
Kadant (NYSE:KAI - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $2.10 EPS for the quarter, beating the consensus estimate of $1.97 by $0.13. Kadant had a net margin of 10.59% and a return on equity of 14.66%. The company had revenue of $239.21 million for the quarter, compared to the consensus estimate of $239.41 million. During the same quarter in the previous year, the company earned $2.38 EPS. The firm's revenue for the quarter was down 3.9% compared to the same quarter last year. Research analysts forecast that Kadant Inc. will post 9.97 earnings per share for the current year.
Kadant declared that its board has initiated a share buyback plan on Thursday, May 15th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to purchase up to 1.3% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.
Kadant Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Shareholders of record on Thursday, July 10th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.36 annualized dividend and a yield of 0.41%. Kadant's payout ratio is 14.44%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Barrington Research restated an "outperform" rating and issued a $380.00 price target on shares of Kadant in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Kadant from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Finally, DA Davidson reduced their price objective on shares of Kadant from $300.00 to $275.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.
Check Out Our Latest Research Report on KAI
About Kadant
(
Free Report)
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.
Further Reading
Before you consider Kadant, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kadant wasn't on the list.
While Kadant currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
