Kadant (KAI) News Today

Kadant (NYSE:KAI) will be releasing earnings after the market closes on Tuesday, July 30, Zacks reports.

ProShare Advisors LLC cut its stake in shares of Kadant Inc. (NYSE:KAI - Free Report) by 18.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,816 shares of the industrial products company's s

Susquehanna Fundamental Investments LLC bought a new position in Kadant Inc. (NYSE:KAI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,043 shares of the industrial produ

Oppenheimer Asset Management Inc. decreased its holdings in Kadant Inc. (NYSE:KAI - Free Report) by 32.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,042 shares of the industrial products company's stock after selling 4,252

Dudley & Shanley Inc. increased its holdings in shares of Kadant Inc. (NYSE:KAI - Free Report) by 38.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,230 shares of the industrial products company's stock after purchasing a

Wasatch Advisors LP lowered its holdings in shares of Kadant Inc. (NYSE:KAI - Free Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 962,799 shares of the industrial products company's stock after selling 101,615 shares during the period. Kadan

Kadant Inc. (NYSE:KAI - Get Free Report) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totalling 1,420,000 shares, an increase of 7.6% from the May 31st total of 1,320,000 shares. Based on an average trading volume of 82,000 shares, the days-to-cover ratio is currently 17.3 days.

Barrington Research reaffirmed an "outperform" rating and set a $360.00 target price on shares of Kadant in a research report on Wednesday.

Quadrature Capital Ltd grew its holdings in Kadant Inc. (NYSE:KAI - Free Report) by 266.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,630 shares of the industrial products company's stock after purchasing an additional 3

Confluence Investment Management LLC purchased a new stake in Kadant Inc. (NYSE:KAI - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 14,085 shares of the industrial products company's stock, valued at

Kadant Inc. (NYSE:KAI - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 1,320,000 shares, a growth of 14.8% from the May 15th total of 1,150,000 shares. Based on an average trading volume of 87,800 shares, the short-interest ratio is currently 15.0 days.

Quadrature Capital Ltd increased its stake in Kadant Inc. (NYSE:KAI - Free Report) by 266.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,630 shares of the industrial products company's stock after acquiring an additional 3

Wasatch Advisors LP reduced its stake in Kadant Inc. (NYSE:KAI - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,064,414 shares of the industrial products company's stock after selling 242,964 shares during the q

Norges Bank purchased a new stake in shares of Kadant Inc. (NYSE:KAI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 24,675 shares of the industrial products company's stock, valued at a

Barrington Research restated an "outperform" rating and issued a $360.00 price target on shares of Kadant in a research note on Wednesday.

Stifel Financial Corp grew its position in Kadant Inc. (NYSE:KAI - Free Report) by 2,082.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,355 shares of the industrial products co

Brown Brothers Harriman & Co. decreased its stake in shares of Kadant Inc. (NYSE:KAI - Free Report) by 29.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,066 shares of the industrial products

Corient Private Wealth LLC purchased a new position in Kadant Inc. (NYSE:KAI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,753 shares of the industrial products company's stock, valued at approx

UBS Group AG lifted its position in shares of Kadant Inc. (NYSE:KAI - Free Report) by 10.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,960 shares of the industrial products company's stock after

Trexquant Investment LP lessened its holdings in shares of Kadant Inc. (NYSE:KAI - Free Report) by 57.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,490 shares of the industrial products company's stock after selling 6,056 shares during the quarter. Tre

Dimensional Fund Advisors LP decreased its holdings in shares of Kadant Inc. (NYSE:KAI - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 327,594 shares of the industrial products co

Brown Advisory Inc. cut its holdings in Kadant Inc. (NYSE:KAI - Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,703 shares of the industrial products company's stock after se

Kadant Inc. (NYSE:KAI) declared a quarterly dividend on Friday, May 17th. Shareholders of record on Thursday, July 11th will be paid a dividend of 0.32 per share by the industrial products company on Thursday, August 8th. This represents a $1.28 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, July 11th.

International Assets Investment Management LLC bought a new stake in Kadant Inc. (NYSE:KAI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,606 shares of the industrial products company'

Vestmark Advisory Solutions Inc. purchased a new position in Kadant Inc. (NYSE:KAI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,638 shares of the industrial products company's stock, valued at approximately $2,702,000. Ves

Kadant Inc. (NYSE:KAI - Free Report) - William Blair dropped their Q2 2024 earnings estimates for shares of Kadant in a report released on Wednesday, May 1st. William Blair analyst R. Sparenblek now anticipates that the industrial products company will post earnings of $2.47 per share for the qua

William Blair restated an "outperform" rating on shares of Kadant in a report on Tuesday.

Kadant (NYSE:KAI) Shares Gap Down to $273.79

Kadant (NYSE:KAI - Get Free Report) issued its earnings results on Tuesday. The industrial products company reported $2.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $0.42. Kadant had a net margin of 12.12% and a return on equity of 16.20%. The firm had revenue of $248.98 million for the quarter, compared to analyst estimates of $245.56 million. During the same quarter last year, the business posted $2.40 earnings per share. The company's quarterly revenue was up 8.4% on a year-over-year basis.

Kadant (NYSE:KAI) updated its second quarter 2024 earnings guidance. The company provided EPS guidance of 2.400-2.500 for the period, compared to the consensus estimate of 2.530. The company also issued revenue guidance of $258.0 millionillion-$266.0 millionillion, compared to the consensus estimate of $266.1 millionillion.