Kadant (NYSE:KAI) Reaches New 1-Year Low - What's Next?

Key Points

• Kadant Inc (NYSE:KAI) has reached a new 52-week low, trading at $278.41, down from a previous close of $286.33 with a trading volume of 63,488 shares.
• Analysts have mixed opinions on Kadant, with ratings ranging from "outperform" with a price target of $380.00 to "hold" ratings with an average target price of $340.00.
• The company declared a quarterly dividend of $0.34 per share, representing an annualized dividend of $1.36 and a yield of 0.5%, with the payment date set for November 6th.

Kadant Inc (NYSE:KAI - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $279.47 and last traded at $278.41, with a volume of 63488 shares. The stock had previously closed at $286.33.

Analyst Ratings Changes

KAI has been the subject of several analyst reports. Barrington Research reissued an "outperform" rating and set a $380.00 price target on shares of Kadant in a report on Friday. Weiss Ratings reissued a "hold (c+)" rating on shares of Kadant in a report on Wednesday. DA Davidson increased their price target on shares of Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Finally, Wall Street Zen raised shares of Kadant from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $340.00.

Kadant Stock Performance

The stock's 50-day moving average is $319.11 and its 200-day moving average is $319.28. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of 31.04 and a beta of 1.22. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.38 and a quick ratio of 1.53.

Kadant (NYSE:KAI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.37. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The firm had revenue of $255.27 million for the quarter, compared to analyst estimates of $245.99 million. During the same quarter last year, the business earned $2.81 earnings per share. Kadant's 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. Analysts anticipate that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Kadant's payout ratio is 15.14%.

Insider Activity at Kadant

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

Institutional Trading of Kadant

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans raised its holdings in shares of Kadant by 0.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 8,659 shares of the industrial products company's stock worth $2,749,000 after purchasing an additional 32 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Kadant by 1.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 3,461 shares of the industrial products company's stock worth $1,099,000 after purchasing an additional 34 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in shares of Kadant by 1.6% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,360 shares of the industrial products company's stock worth $749,000 after purchasing an additional 38 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Kadant by 2.2% in the 1st quarter. Apollon Wealth Management LLC now owns 1,795 shares of the industrial products company's stock worth $605,000 after purchasing an additional 39 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Kadant by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company's stock worth $256,000 after purchasing an additional 40 shares in the last quarter. 96.13% of the stock is currently owned by institutional investors.

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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