Kadant Inc $KAI Position Raised by Callan Family Office LLC

Key Points

• Callan Family Office LLC significantly increased its ownership in Kadant Inc, raising its stake by 1,094.8% during Q2, now holding approximately 15,055 shares valued at about $4.78 million.
• Despite reporting earnings of $2.31 per share, which surpassed estimates, Kadant's revenue showed a 7.3% decline year-over-year, with guidance for Q3 2025 EPS set between 2.130-2.230.
• The company declared a quarterly dividend of $0.34, scheduled for payment on November 6th, providing a 0.5% yield based on a 15.14% dividend payout ratio.

Callan Family Office LLC raised its stake in Kadant Inc (NYSE:KAI - Free Report) by 1,094.8% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 15,055 shares of the industrial products company's stock after buying an additional 13,795 shares during the quarter. Callan Family Office LLC owned approximately 0.13% of Kadant worth $4,779,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Kadant in the first quarter valued at $30,000. Maseco LLP bought a new stake in shares of Kadant during the second quarter valued at about $30,000. Optimum Investment Advisors raised its stake in shares of Kadant by 50.0% during the first quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 50 shares in the last quarter. SVB Wealth LLC bought a new stake in shares of Kadant during the first quarter valued at about $54,000. Finally, Harbor Investment Advisory LLC raised its stake in shares of Kadant by 55.4% during the second quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 62 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Kadant in a research note on Wednesday. Wall Street Zen upgraded shares of Kadant from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Barrington Research restated an "outperform" rating and set a $380.00 price objective on shares of Kadant in a research note on Friday. Finally, DA Davidson lifted their price objective 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. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $340.00.

Insiders Place Their Bets

In related news, Director Thomas C. Leonard sold 415 shares of Kadant stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total value of $140,440.15. Following the transaction, the director owned 4,250 shares of the company's stock, valued at approximately $1,438,242.50. This trade represents a 8.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Kadant Price Performance

NYSE:KAI opened at $271.63 on Friday. The business's 50-day moving average price is $318.08 and its 200 day moving average price is $318.76. The firm has a market cap of $3.20 billion, a P/E ratio of 30.25 and a beta of 1.22. Kadant Inc has a 52-week low of $270.73 and a 52-week high of $429.95. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.26.

Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.94 by $0.37. The firm had revenue of $255.27 million for the quarter, compared to analysts' expectations of $245.99 million. Kadant had a return on equity of 12.62% and a net margin of 10.34%.Kadant's revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the business posted $2.81 EPS. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. As a group, sell-side analysts predict that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 9th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Kadant's dividend payout ratio (DPR) is currently 15.14%.

About Kadant

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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