Paradigm Capital Management Inc. NY Makes New $9.36 Million Investment in Kadant Inc $KAI

Paradigm Capital Management Inc. NY purchased a new stake in Kadant Inc (NYSE:KAI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,800 shares of the industrial products company's stock, valued at approximately $9,364,000. Paradigm Capital Management Inc. NY owned 0.25% of Kadant as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of KAI. BlackRock Inc. bought a new stake in shares of Kadant in the second quarter worth $565,205,000. Capital World Investors raised its position in Kadant by 56.5% during the 4th quarter. Capital World Investors now owns 494,773 shares of the industrial products company's stock worth $141,020,000 after purchasing an additional 178,563 shares during the last quarter. Norges Bank bought a new position in Kadant during the 4th quarter worth $42,985,000. Wasatch Advisors LP lifted its holdings in Kadant by 13.7% during the 1st quarter. Wasatch Advisors LP now owns 1,038,548 shares of the industrial products company's stock worth $303,619,000 after buying an additional 125,342 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Kadant during the 2nd quarter worth about $25,923,000. Institutional investors own 96.13% of the company's stock.

Wall Street Analyst Weigh In

KAI has been the subject of several recent research reports. DA Davidson increased their price target on Kadant from $306.00 to $335.00 and gave the company a "neutral" rating in a research note on Thursday, August 6th. Barrington Research reaffirmed an "outperform" rating and issued a $380.00 price objective on shares of Kadant in a research note on Monday, May 4th. Zacks Research cut Kadant from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. Wall Street Zen downgraded shares of Kadant from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Finally, Weiss Ratings upgraded shares of Kadant from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 17th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $357.50.

Kadant Stock Performance

Shares of KAI opened at $312.71 on Tuesday. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $3.69 billion, a P/E ratio of 33.62 and a beta of 1.20. The firm's fifty day simple moving average is $312.90 and its two-hundred day simple moving average is $316.26. Kadant Inc has a 12 month low of $244.87 and a 12 month high of $354.07.

Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates of $2.94 by $0.48. The firm had revenue of $312.88 million during the quarter, compared to the consensus estimate of $299.17 million. Kadant had a return on equity of 13.16% and a net margin of 9.52%.The business's revenue was up 22.6% compared to the same quarter last year. During the same period last year, the business posted $2.31 EPS. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. As a group, analysts predict that Kadant Inc will post 12.56 EPS for the current year.

Kadant announced that its board has authorized a stock repurchase plan on Thursday, May 21st that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 1.4% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other Kadant news, SVP Stacy D. Krause sold 1,227 shares of Kadant stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $334.17, for a total value of $410,026.59. Following the completion of the sale, the senior vice president directly owned 1,363 shares in the company, valued at approximately $455,473.71. The trade was a 47.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

About Kadant

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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