Aptus Capital Advisors LLC lifted its position in Kadant Inc (NYSE:KAI - Free Report) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,442 shares of the industrial products company's stock after purchasing an additional 3,634 shares during the quarter. Aptus Capital Advisors LLC owned about 0.28% of Kadant worth $10,930,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. Northern Trust Corp increased its holdings in shares of Kadant by 7.1% in the first quarter. Northern Trust Corp now owns 165,438 shares of the industrial products company's stock worth $55,738,000 after purchasing an additional 10,972 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Kadant by 1.1% in the first quarter. Raymond James Financial Inc. now owns 115,447 shares of the industrial products company's stock worth $38,895,000 after purchasing an additional 1,240 shares during the last quarter. Tejara Capital Ltd bought a new stake in shares of Kadant in the first quarter worth about $1,044,000. Aberdeen Group plc increased its holdings in shares of Kadant by 0.7% in the first quarter. Aberdeen Group plc now owns 57,691 shares of the industrial products company's stock worth $19,437,000 after purchasing an additional 398 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its holdings in shares of Kadant by 92.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 18,596 shares of the industrial products company's stock worth $6,265,000 after purchasing an additional 8,929 shares during the last quarter. 96.13% of the stock is owned by institutional investors.
Analyst Ratings Changes
KAI has been the topic of several research reports. Barrington Research reaffirmed an "outperform" rating and issued a $380.00 target price on shares of Kadant in a report on Tuesday, July 29th. DA Davidson boosted their price objective on Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Finally, Wall Street Zen raised Kadant from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Kadant currently has an average rating of "Moderate Buy" and a consensus target price of $340.00.
Get Our Latest Stock Analysis on KAI
Kadant Trading Up 4.2%
Shares of KAI traded up $13.8750 during mid-day trading on Friday, reaching $340.5350. 106,211 shares of the company's stock traded hands, compared to its average volume of 114,763. The stock has a market cap of $4.01 billion, a P/E ratio of 37.92 and a beta of 1.24. The stock's 50-day moving average is $328.36 and its two-hundred day moving average is $331.95. Kadant Inc has a 12 month low of $281.30 and a 12 month 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.
Kadant (NYSE:KAI - Get Free Report) last released its earnings results on Tuesday, July 29th. The industrial products company reported $2.31 EPS for the quarter, beating 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%.The company's quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the prior 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. Research analysts forecast that Kadant Inc will post 9.97 earnings per share for the current fiscal year.
Kadant declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 15th that permits the company to repurchase $50.00 million in outstanding 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 typically an indication that the company's leadership believes its shares are undervalued.
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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