Deutsche Bank AG bought a new position in Kadant Inc (NYSE:KAI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,521 shares of the industrial products company's stock, valued at approximately $3,934,000. Deutsche Bank AG owned about 0.11% of Kadant at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. CWM LLC lifted its holdings in Kadant by 102.3% in the 4th quarter. CWM LLC now owns 87 shares of the industrial products company's stock worth $25,000 after buying an additional 44 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Kadant by 1,300.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 84 shares of the industrial products company's stock valued at $25,000 after buying an additional 78 shares during the period. Kestra Investment Management LLC bought a new position in shares of Kadant during the second quarter valued at approximately $27,000. Kestra Advisory Services LLC purchased a new stake in Kadant in the fourth quarter worth $27,000. Finally, Danske Bank A S bought a new stake in Kadant in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 96.13% of the company's stock.
Kadant Stock Down 3.2%
NYSE:KAI opened at $302.71 on Wednesday. The firm's 50-day moving average price is $313.05 and its 200-day moving average price is $316.05. The company has a market capitalization of $3.57 billion, a PE ratio of 32.55 and a beta of 1.20. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.59 and a quick ratio of 1.63. Kadant Inc has a 1-year low of $244.87 and a 1-year high of $354.07.
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 (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 EPS. Kadant's revenue was up 22.6% on a year-over-year basis. 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, equities analysts predict that Kadant Inc will post 12.56 EPS for the current fiscal year.
Kadant announced that its board has approved a stock buyback program on Thursday, May 21st that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
KAI has been the subject of several research reports. Zacks Research lowered shares of Kadant from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. DA Davidson lifted their target price 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. Barrington Research reiterated an "outperform" rating and set a $380.00 price target on shares of Kadant in a research report on Monday, May 4th. Weiss Ratings raised shares of Kadant from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. Finally, Wall Street Zen cut Kadant from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, Kadant currently has a consensus rating of "Hold" and an average target price of $357.50.
Read Our Latest Research Report on KAI
Kadant Company Profile
(
Free Report)
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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