Kadant's (KAI) "Hold (C+)" Rating Reiterated at Weiss Ratings

Kadant (NYSE:KAI - Get Free Report)'s stock had its "hold (c+)" rating reiterated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other analysts also recently issued reports on KAI. Wall Street Zen upgraded Kadant from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Barrington Research restated an "outperform" rating and set a $380.00 price objective on shares of Kadant in a report on Tuesday, September 23rd. Finally, DA Davidson boosted their price objective on Kadant from $275.00 to $300.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $340.00.

Kadant Stock Performance

KAI stock opened at $298.45 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 2.38. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 33.23 and a beta of 1.22. Kadant has a 1 year low of $281.30 and a 1 year high of $429.95. The stock's fifty day moving average is $320.05 and its two-hundred day moving average is $319.69.

Kadant (NYSE:KAI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.94 by $0.37. The business had revenue of $255.27 million for the quarter, compared to analysts' expectations of $245.99 million. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The company's revenue was down 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, research analysts predict that Kadant will post 9.97 EPS for the current year.

Insiders Place Their Bets

In other Kadant news, Director Thomas C. Leonard sold 415 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total value of $140,440.15. Following the transaction, the director owned 4,250 shares of the company's stock, valued at approximately $1,438,242.50. This represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company's stock.

Institutional Investors Weigh In On Kadant

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Kadant by 9.4% during the first quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company's stock worth $448,961,000 after purchasing an additional 114,310 shares during the period. Wasatch Advisors LP grew its holdings in shares of Kadant by 3.6% during the second quarter. Wasatch Advisors LP now owns 984,193 shares of the industrial products company's stock worth $312,432,000 after buying an additional 34,561 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Kadant by 1.5% during the second quarter. Geode Capital Management LLC now owns 279,013 shares of the industrial products company's stock worth $88,583,000 after buying an additional 4,162 shares in the last quarter. Champlain Investment Partners LLC grew its holdings in shares of Kadant by 54.6% during the second quarter. Champlain Investment Partners LLC now owns 248,632 shares of the industrial products company's stock worth $78,928,000 after buying an additional 87,832 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Kadant by 0.4% during the second quarter. Conestoga Capital Advisors LLC now owns 222,051 shares of the industrial products company's stock worth $70,490,000 after buying an additional 842 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.

About Kadant

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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