Kadant (NYSE:KAI) Receives "Outperform" Rating from Barrington Research

Key Points

• Kadant's stock received an "outperform" rating from Barrington Research, with a price target of $380.00, suggesting a potential upside of 32.85% from its previous close.
• In its latest quarterly earnings, Kadant reported earnings per share of $2.31, exceeding analysts' estimates of $1.94, although revenue was down 7.3% year-over-year.
• Institutional investors hold a significant 96.13% of Kadant’s stock, indicating strong institutional confidence in the company's prospects.

Kadant (NYSE:KAI - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at Barrington Research in a research report issued on Friday,Benzinga reports. They currently have a $380.00 price target on the industrial products company's stock. Barrington Research's price objective indicates a potential upside of 32.85% from the stock's previous close.

Several other brokerages also recently issued reports on KAI. Wall Street Zen raised shares of Kadant from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Kadant in a research report on Wednesday. Finally, DA Davidson upped their target price on Kadant from $275.00 to $300.00 and gave the company a "neutral" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $340.00.

Kadant Trading Down 4.3%

KAI opened at $286.05 on Friday. The firm has a market capitalization of $3.37 billion, a P/E ratio of 31.85 and a beta of 1.22. The firm's 50 day moving average is $319.11 and its 200-day moving average is $319.28. Kadant has a 52-week low of $281.30 and a 52-week high of $429.95. 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 (NYSE:KAI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.37. The company had revenue of $255.27 million for the quarter, compared to analyst estimates of $245.99 million. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The business's quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.81 earnings per share. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. Analysts expect that Kadant will post 9.97 EPS for the current fiscal year.

Insider Buying and Selling at Kadant

In other news, Director Thomas C. Leonard sold 415 shares of Kadant stock in a transaction dated 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 owned 4,250 shares in the company, valued at $1,438,242.50. The trade was a 8.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kadant

Several institutional investors have recently bought and sold shares of KAI. Kestra Investment Management LLC acquired a new position in shares of Kadant during the 2nd quarter worth approximately $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Kadant during the 1st quarter worth approximately $30,000. Maseco LLP acquired a new position in shares of Kadant during the 2nd quarter worth approximately $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Kadant during the 2nd quarter worth approximately $31,000. Finally, Huntington National Bank increased its position in shares of Kadant by 148.0% during the 2nd quarter. Huntington National Bank now owns 124 shares of the industrial products company's stock worth $39,000 after purchasing an additional 74 shares during the last quarter. Institutional investors own 96.13% of the company's stock.

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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