Resona Asset Management Co. Ltd. Has $167,000 Stake in Kadant Inc $KAI

Resona Asset Management Co. Ltd. cut its stake in shares of Kadant Inc (NYSE:KAI - Free Report) by 68.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 497 shares of the industrial products company's stock after selling 1,062 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Kadant were worth $167,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in Kadant by 9.4% in the 1st quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company's stock worth $448,961,000 after buying an additional 114,310 shares in the last quarter. Conestoga Capital Advisors LLC grew its holdings in Kadant by 97.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 221,209 shares of the industrial products company's stock worth $74,528,000 after buying an additional 109,439 shares in the last quarter. GAMMA Investing LLC grew its holdings in Kadant by 150,885.2% in the 1st quarter. GAMMA Investing LLC now owns 81,532 shares of the industrial products company's stock worth $27,469,000 after buying an additional 81,478 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Kadant by 809.9% in the 1st quarter. Principal Financial Group Inc. now owns 64,893 shares of the industrial products company's stock worth $21,863,000 after buying an additional 57,761 shares in the last quarter. Finally, Public Sector Pension Investment Board bought a new position in Kadant in the 1st quarter worth approximately $12,555,000. 96.13% of the stock is owned by institutional investors.

Kadant Stock Down 2.8%

Shares of KAI traded down $9.3930 during mid-day trading on Wednesday, reaching $330.9970. The company's stock had a trading volume of 156,572 shares, compared to its average volume of 144,188. The business has a fifty day moving average of $327.71 and a 200 day moving average of $332.40. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 36.86 and a beta of 1.24. Kadant Inc has a 1 year low of $281.30 and a 1 year 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 announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share (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 business had revenue of $255.27 million during the quarter, compared to analyst estimates of $245.99 million. During the same period last year, the company earned $2.81 earnings per share. Kadant's quarterly revenue was down 7.3% compared to the same quarter last year. 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 forecast that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant announced that its Board of Directors has initiated a stock buyback 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 purchase up to 1.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

KAI has been the subject of a number of research reports. Wall Street Zen raised Kadant from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Barrington Research reaffirmed an "outperform" rating and set a $380.00 price target on shares of Kadant in a research note on Tuesday, July 29th. Finally, DA Davidson increased their price target on Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $340.00.

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.