Invesco Ltd. boosted its holdings in shares of Kadant Inc (NYSE:KAI - Free Report) by 63.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,172 shares of the industrial products company's stock after acquiring an additional 29,845 shares during the period. Invesco Ltd. owned 0.66% of Kadant worth $26,000,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Kadant during the 1st quarter valued at about $30,000. Optimum Investment Advisors increased its position in Kadant by 50.0% during the first quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company's stock worth $51,000 after purchasing an additional 50 shares during the last quarter. GAMMA Investing LLC increased its position in Kadant by 348.1% during the first quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company's stock worth $82,000 after purchasing an additional 188 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Kadant during the first quarter worth about $111,000. Finally, Fifth Third Bancorp increased its position in Kadant by 23.1% during the first quarter. Fifth Third Bancorp now owns 442 shares of the industrial products company's stock worth $149,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company's stock.
Kadant Trading Down 0.3%
KAI stock traded down $0.8990 during mid-day trading on Monday, hitting $340.0010. 129,678 shares of the company were exchanged, compared to its average volume of 115,950. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4.01 billion, a P/E ratio of 37.86 and a beta of 1.24. The business has a fifty day simple moving average of $328.76 and a 200-day simple moving average of $331.24. Kadant Inc has a 12-month low of $281.30 and a 12-month high of $429.95.
Kadant (NYSE:KAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.37. The company had revenue of $255.27 million during the quarter, compared to analyst estimates of $245.99 million. Kadant had a net margin of 10.34% and a return on equity of 12.62%. Kadant's revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.81 earnings per share. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. On average, equities research analysts predict that Kadant Inc will post 9.97 earnings per share for the current fiscal year.
Kadant declared that its board has approved a stock 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 buy up to 1.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
KAI has been the subject of several recent analyst reports. 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. DA Davidson raised their price objective on shares of Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Kadant from a "sell" rating to a "hold" rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $340.00.
Get Our Latest Stock Analysis on Kadant
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.
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