PDT Partners LLC Trims Position in Kadant Inc $KAI

Key Points

• PDT Partners LLC has reduced its stake in Kadant Inc by 38.3%, now holding 3,590 shares valued at approximately $1.21 million.
• Analysts have set a new consensus price target for Kadant at $340, with ratings varying from "buy" to "hold".
• Kadant's stock recently opened at $319.54 and has a market capitalization of $3.76 billion, with a price-to-earnings ratio of 35.58.

PDT Partners LLC cut its stake in shares of Kadant Inc (NYSE:KAI - Free Report) by 38.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,590 shares of the industrial products company's stock after selling 2,229 shares during the period. PDT Partners LLC's holdings in Kadant were worth $1,210,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Kadant during the first quarter valued at approximately $30,000. Optimum Investment Advisors lifted its stake in Kadant by 50.0% in the 1st quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company's stock worth $51,000 after purchasing an additional 50 shares in the last quarter. SVB Wealth LLC bought a new position in Kadant in the 1st quarter valued at $54,000. GAMMA Investing LLC grew its position in shares of Kadant by 348.1% during the 1st quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company's stock valued at $82,000 after purchasing an additional 188 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Kadant by 982.6% in the first quarter. Russell Investments Group Ltd. now owns 249 shares of the industrial products company's stock worth $84,000 after purchasing an additional 226 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson lifted their price objective on Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Barrington Research reaffirmed an "outperform" rating and issued a $380.00 price target on shares of Kadant in a report on Tuesday, July 29th. Finally, Wall Street Zen raised Kadant from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Kadant presently has a consensus rating of "Moderate Buy" and a consensus price target of $340.00.

Insider Activity

In other news, Director Thomas C. Leonard sold 415 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total transaction of $140,440.15. Following the transaction, the director directly owned 4,250 shares of the company's stock, valued at approximately $1,438,242.50. The trade was a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company's stock.

Kadant Stock Up 0.5%

Shares of NYSE KAI opened at $319.54 on Thursday. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 35.58 and a beta of 1.25. The firm's fifty day moving average is $331.42 and its 200 day moving average is $329.80. 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 Inc has a 52 week low of $281.30 and a 52 week high of $429.95.

Kadant (NYSE:KAI - Get Free Report) last posted its earnings results 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 company had revenue of $255.27 million for the quarter, compared to analysts' expectations of $245.99 million. During the same period last year, the firm earned $2.81 earnings per share. Kadant's quarterly revenue was down 7.3% on a year-over-year basis. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. On average, equities research analysts expect that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant announced that its board has authorized a stock repurchase plan on Thursday, May 15th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 1.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Kadant Company 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.

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