Charles Schwab Investment Management Inc. Buys 4,920 Shares of Kadant Inc $KAI

Charles Schwab Investment Management Inc. lifted its holdings in shares of Kadant Inc (NYSE:KAI - Free Report) by 4.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,606 shares of the industrial products company's stock after purchasing an additional 4,920 shares during the period. Charles Schwab Investment Management Inc. owned about 1.08% of Kadant worth $42,655,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KAI. LPL Financial LLC raised its stake in shares of Kadant by 18.3% during the 4th quarter. LPL Financial LLC now owns 1,557 shares of the industrial products company's stock worth $537,000 after purchasing an additional 241 shares during the period. Bank of Montreal Can raised its stake in shares of Kadant by 3.2% during the 4th quarter. Bank of Montreal Can now owns 1,187 shares of the industrial products company's stock worth $410,000 after purchasing an additional 37 shares during the period. Invesco Ltd. raised its stake in shares of Kadant by 63.9% during the 4th quarter. Invesco Ltd. now owns 47,327 shares of the industrial products company's stock worth $16,327,000 after purchasing an additional 18,456 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Kadant by 5.1% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,226 shares of the industrial products company's stock worth $423,000 after purchasing an additional 59 shares during the period. Finally, Barclays PLC raised its stake in shares of Kadant by 12.4% during the 4th quarter. Barclays PLC now owns 22,253 shares of the industrial products company's stock worth $7,677,000 after purchasing an additional 2,459 shares during the period. 96.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KAI. Barrington Research restated an "outperform" rating and issued a $380.00 price objective on shares of Kadant in a research note on Tuesday, July 29th. Wall Street Zen raised Kadant from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Finally, DA Davidson lifted their target price on Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Kadant presently has an average rating of "Moderate Buy" and a consensus target price of $340.00.

Kadant Price Performance

KAI stock traded up $22.00 during mid-day trading on Friday, reaching $348.66. 19,713 shares of the company traded hands, compared to its average volume of 143,350. Kadant Inc has a 52-week low of $281.30 and a 52-week high of $429.95. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.38 and a quick ratio of 1.53. The company has a market capitalization of $4.11 billion, a P/E ratio of 38.65 and a beta of 1.24. The company has a fifty day moving average price of $327.84 and a 200-day moving average price of $332.13.

Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, topping the consensus estimate of $1.94 by $0.37. Kadant had a return on equity of 12.62% and a net margin of 10.34%.The company had revenue of $255.27 million during the quarter, compared to analyst estimates of $245.99 million. During the same quarter in the previous year, the firm earned $2.81 earnings per share. Kadant's revenue was down 7.3% on a year-over-year basis. 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, analysts anticipate that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant announced that its Board of Directors has initiated a stock buyback program on Thursday, May 15th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its shares are undervalued.

Kadant 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.