Neuberger Berman Group LLC Reduces Stock Position in Kadant Inc $KAI

Key Points

• Neuberger Berman Group LLC trimmed its Kadant stake by 13.2% in Q3, selling 64,865 shares and finishing the quarter with 427,351 shares (about 3.63% of the company) worth roughly $127.17 million; institutional investors now own 96.13% of Kadant stock.
• Kadant beat expectations and issued guidance, reporting $2.80 EPS vs. $2.19 expected and revenue of $286.2M (up 10.9% YoY), while guiding Q1 2026 EPS to $1.78–1.88 and FY 2026 EPS to $10.50–10.75; the company has a $3.90B market cap, a P/E of 38.3, and an average analyst rating of "Hold" with a $341.50 target.

Neuberger Berman Group LLC cut its stake in Kadant Inc (NYSE:KAI - Free Report) by 13.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 427,351 shares of the industrial products company's stock after selling 64,865 shares during the quarter. Neuberger Berman Group LLC owned about 3.63% of Kadant worth $127,171,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Champlain Investment Partners LLC grew its holdings in Kadant by 54.6% during the 2nd quarter. Champlain Investment Partners LLC now owns 248,632 shares of the industrial products company's stock valued at $78,928,000 after buying an additional 87,832 shares in the last quarter. Advantage Alpha Capital Partners LP purchased a new stake in shares of Kadant in the second quarter worth about $2,745,000. Geode Capital Management LLC boosted its position in shares of Kadant by 1.5% in the second quarter. Geode Capital Management LLC now owns 279,013 shares of the industrial products company's stock valued at $88,583,000 after acquiring an additional 4,162 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Kadant by 6.8% in the second quarter. Handelsbanken Fonder AB now owns 78,079 shares of the industrial products company's stock valued at $24,786,000 after acquiring an additional 5,000 shares during the period. Finally, Kornitzer Capital Management Inc. KS purchased a new position in Kadant during the third quarter valued at approximately $4,327,000. Hedge funds and other institutional investors own 96.13% of the company's stock.

Kadant Price Performance

Shares of NYSE:KAI opened at $331.16 on Friday. The company's fifty day moving average price is $323.83 and its 200-day moving average price is $305.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 5.22. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 38.28 and a beta of 1.22. Kadant Inc has a one year low of $244.87 and a one year high of $381.73.

Kadant (NYSE:KAI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.61. The company had revenue of $286.20 million during the quarter, compared to the consensus estimate of $274.43 million. Kadant had a net margin of 9.69% and a return on equity of 11.57%. The firm's revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 EPS. Kadant has set its Q1 2026 guidance at 1.780-1.880 EPS and its FY 2026 guidance at 10.500-10.750 EPS. On average, equities research analysts anticipate that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on KAI. Barrington Research reiterated an "outperform" rating and issued a $380.00 target price on shares of Kadant in a research note on Tuesday, February 24th. Weiss Ratings restated a "hold (c)" rating on shares of Kadant in a research report on Monday, December 29th. Finally, DA Davidson set a $303.00 price target on shares of Kadant in a research report on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $341.50.

Kadant Profile

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company's product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.

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