Allspring Global Investments Holdings LLC reduced its position in Kadant Inc (NYSE:KAI - Free Report) by 7.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,145 shares of the industrial products company's stock after selling 2,565 shares during the period. Allspring Global Investments Holdings LLC owned about 0.26% of Kadant worth $10,687,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of KAI. Vanguard Group Inc. increased its position in Kadant by 25.0% during the fourth quarter. Vanguard Group Inc. now owns 1,218,273 shares of the industrial products company's stock worth $420,292,000 after buying an additional 243,267 shares in the last quarter. Norges Bank acquired a new position in Kadant in the fourth quarter valued at $46,529,000. Raymond James Financial Inc. acquired a new position in shares of Kadant during the fourth quarter worth about $39,400,000. Conestoga Capital Advisors LLC lifted its stake in shares of Kadant by 97.9% during the first quarter. Conestoga Capital Advisors LLC now owns 221,209 shares of the industrial products company's stock worth $74,528,000 after purchasing an additional 109,439 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Kadant by 150,885.2% during the first quarter. GAMMA Investing LLC now owns 81,532 shares of the industrial products company's stock worth $27,469,000 after purchasing an additional 81,478 shares in the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have commented on KAI. Barrington Research restated an "outperform" rating and set a $380.00 price objective on shares of Kadant in a research note on Thursday, May 1st. Wall Street Zen raised Kadant from a "sell" rating to a "hold" rating in a report on Saturday. Finally, DA Davidson lowered their target price on Kadant from $300.00 to $275.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.
Check Out Our Latest Research Report on KAI
Kadant Stock Performance
Shares of NYSE KAI traded down $11.10 during midday trading on Monday, hitting $318.77. 117,756 shares of the company's stock were exchanged, compared to its average volume of 115,840. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.47 and a quick ratio of 1.62. The stock's 50 day moving average price is $314.59 and its 200-day moving average price is $337.71. The firm has a market cap of $3.76 billion, a P/E ratio of 33.84 and a beta of 1.25. Kadant Inc has a twelve month low of $281.30 and a twelve month high of $429.95.
Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.13. The business had revenue of $239.21 million during the quarter, compared to the consensus estimate of $239.41 million. Kadant had a return on equity of 13.74% and a net margin of 10.63%. The business's revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 earnings per share. Equities research analysts anticipate that Kadant Inc will post 9.97 EPS for the current year.
Kadant Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 7th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $1.36 annualized dividend and a dividend yield of 0.43%. Kadant's dividend payout ratio is presently 14.44%.
Kadant announced that its board has authorized a share repurchase 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 purchase up to 1.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.
Kadant Company Profile
(
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.
See Also
Before you consider Kadant, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kadant wasn't on the list.
While Kadant currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for August 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
