Kadant Inc $KAI Holdings Increased by Grandeur Peak Global Advisors LLC

Key Points

• Grandeur Peak Global Advisors increased its Kadant stake by 85.8% in the second quarter, owning 211,036 shares valued at approximately $66.3 million. Kadant now represents 16.1% of the firm's portfolio, while institutional investors collectively own 96.13% of the company.
• Kadant exceeded quarterly expectations, reporting $3.42 in EPS versus a $2.94 consensus estimate and revenue of $312.88 million, up 22.6% year over year. The company issued fiscal 2026 EPS guidance of $12.43-$12.68.
• The board authorized a $50 million share-repurchase program, covering up to 1.4% of outstanding shares. Despite a $357.50 consensus price target, analysts generally rate the stock “Hold,” with shares recently trading at $302.57.

Grandeur Peak Global Advisors LLC grew its position in shares of Kadant Inc (NYSE:KAI - Free Report) by 85.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,036 shares of the industrial products company's stock after purchasing an additional 97,433 shares during the period. Kadant makes up 16.1% of Grandeur Peak Global Advisors LLC's portfolio, making the stock its biggest holding. Grandeur Peak Global Advisors LLC owned about 1.79% of Kadant worth $66,314,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Kadant by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 2,763 shares of the industrial products company's stock worth $931,000 after acquiring an additional 279 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Kadant by 8.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 907 shares of the industrial products company's stock worth $306,000 after buying an additional 72 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Kadant by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,985 shares of the industrial products company's stock worth $2,353,000 after buying an additional 311 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Kadant during the 1st quarter valued at $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Kadant by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,974 shares of the industrial products company's stock worth $10,435,000 after acquiring an additional 441 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

Kadant Stock Performance

Shares of NYSE:KAI opened at $302.57 on Monday. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 32.53 and a beta of 1.20. The company has a 50-day moving average price of $313.27 and a 200-day moving average price of $315.36. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.49. Kadant Inc has a 12 month low of $244.87 and a 12 month high of $354.07.

Kadant (NYSE:KAI - Get Free Report) last posted its earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.94 by $0.48. The company had revenue of $312.88 million for the quarter, compared to analysts' expectations of $299.17 million. Kadant had a return on equity of 13.16% and a net margin of 9.52%.During the same period last year, the firm earned $2.31 earnings per share. Kadant's quarterly 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. As a group, equities analysts anticipate that Kadant Inc will post 12.56 EPS for the current year.

Kadant announced that its Board of Directors has authorized a share buyback program on Thursday, May 21st that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 1.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analyst Weigh In

KAI has been the subject of a number of research reports. Weiss Ratings upgraded Kadant from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 17th. Wall Street Zen cut shares of Kadant from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Zacks Research lowered shares of Kadant from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. DA Davidson boosted their target price on Kadant from $306.00 to $335.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Finally, Barrington Research restated an "outperform" rating and set a $380.00 price target on shares of Kadant in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $357.50.

Kadant Profile

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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