Kadant (NYSE:KAI) Issues Earnings Results

Kadant (NYSE:KAI) announced its quarterly earnings data on Wednesday. The industrial products company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.08, FiscalAI reports. The company had revenue of $286.20 million during the quarter, compared to analyst estimates of $274.43 million. Kadant had a net margin of 9.96% and a return on equity of 11.97%.

Kadant Stock Performance

Shares of Kadant stock traded down $12.96 on Wednesday, reaching $320.55. 176,607 shares of the company were exchanged, compared to its average volume of 128,347. Kadant has a 1-year low of $244.87 and a 1-year high of $398.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.60 and a current ratio of 2.45. The company’s 50-day moving average is $311.87 and its two-hundred day moving average is $304.42. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 37.06 and a beta of 1.25.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $380.00 price target on shares of Kadant in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kadant in a report on Monday, December 29th. Finally, DA Davidson set a $295.00 price target on Kadant in a report on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kadant currently has an average rating of “Hold” and a consensus price target of $337.50.

Insiders Place Their Bets

In other Kadant news, Director Erin L. Russell sold 1,435 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $282.36, for a total value of $405,186.60. Following the completion of the transaction, the director owned 3,066 shares in the company, valued at approximately $865,715.76. This represents a 31.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kadant

Several institutional investors have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its holdings in shares of Kadant by 14.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 254 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 32 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Kadant by 2.3% in the 4th quarter. Maryland State Retirement & Pension System now owns 1,732 shares of the industrial products company’s stock valued at $494,000 after purchasing an additional 39 shares during the period. SkyView Investment Advisors LLC increased its stake in Kadant by 1.5% in the 4th quarter. SkyView Investment Advisors LLC now owns 2,995 shares of the industrial products company’s stock worth $854,000 after purchasing an additional 44 shares in the last quarter. Allworth Financial LP raised its holdings in Kadant by 89.1% during the 3rd quarter. Allworth Financial LP now owns 104 shares of the industrial products company’s stock worth $31,000 after buying an additional 49 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in Kadant by 8.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 907 shares of the industrial products company’s stock worth $306,000 after buying an additional 72 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

About Kadant

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.