Jump Financial LLC Purchases Shares of 2,462 Kadant Inc $KAI

Key Points

• Jump Financial LLC has acquired a new stake in Kadant Inc, purchasing 2,462 shares valued at approximately $829,000, according to their recent 13F filing.
• Kadant received several positive ratings from analysts, with Barrrington Research maintaining an "outperform" rating and a target price of $380.00, while DA Davidson raised its target from $275.00 to $300.00.
• The company's recent earnings report showed a net margin of 10.34% and revenue down 7.3% year-over-year, indicating mixed performance despite exceeding earnings expectations.

Jump Financial LLC bought a new position in shares of Kadant Inc (NYSE:KAI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,462 shares of the industrial products company's stock, valued at approximately $829,000.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Kadant during the 1st quarter valued at approximately $30,000. Optimum Investment Advisors lifted its stake in Kadant by 50.0% during the 1st quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company's stock valued at $51,000 after acquiring an additional 50 shares during the period. SVB Wealth LLC acquired a new stake in Kadant during the 1st quarter valued at approximately $54,000. GAMMA Investing LLC lifted its stake in Kadant by 348.1% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company's stock valued at $82,000 after acquiring an additional 188 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Kadant by 982.6% during the 1st quarter. Russell Investments Group Ltd. now owns 249 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barrington Research reiterated an "outperform" rating and issued a $380.00 target price on shares of Kadant in a research note on Tuesday, July 29th. DA Davidson boosted their target price on shares of Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a research note 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Kadant presently has an average rating of "Moderate Buy" and an average price target of $340.00.

Kadant Trading Up 0.5%

Shares of KAI traded up $1.70 during mid-day trading on Wednesday, reaching $319.54. The stock had a trading volume of 75,062 shares, compared to its average volume of 141,915. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.38 and a quick ratio of 1.53. Kadant Inc has a 52-week low of $281.30 and a 52-week high of $429.95. The business's fifty day moving average is $331.18 and its 200 day moving average is $329.87. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 35.58 and a beta of 1.25.

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, sell-side analysts predict that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant declared that its board has initiated a stock repurchase program on Thursday, May 15th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Thomas C. Leonard sold 415 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $338.41, for a total transaction of $140,440.15. Following the transaction, the director directly owned 4,250 shares in the company, valued at approximately $1,438,242.50. This trade represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is owned by corporate insiders.

Kadant Company Profile

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.