Erste Asset Management GmbH Reduces Position in Kadant Inc $KAI

Erste Asset Management GmbH reduced its stake in Kadant Inc (NYSE:KAI) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,665 shares of the industrial products company’s stock after selling 2,415 shares during the quarter. Erste Asset Management GmbH owned about 0.17% of Kadant worth $5,872,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KAI. Kestra Investment Management LLC purchased a new stake in Kadant during the 2nd quarter worth about $27,000. First Horizon Corp purchased a new position in Kadant in the 3rd quarter valued at about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Kadant during the 2nd quarter worth about $31,000. Root Financial Partners LLC purchased a new stake in shares of Kadant during the third quarter worth about $35,000. Finally, Huntington National Bank grew its holdings in shares of Kadant by 148.0% during the second quarter. Huntington National Bank now owns 124 shares of the industrial products company’s stock worth $39,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on KAI. DA Davidson set a $303.00 target price on shares of Kadant in a research report on Friday, February 20th. Barrington Research restated an “outperform” rating and set a $380.00 price objective on shares of Kadant in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kadant in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $341.50.

Kadant Stock Performance

NYSE:KAI opened at $338.93 on Friday. The company has a market cap of $3.99 billion, a P/E ratio of 39.18 and a beta of 1.25. The firm’s 50 day moving average is $318.80 and its two-hundred day moving average is $305.22. Kadant Inc has a fifty-two week low of $244.87 and a fifty-two week high of $381.73. The company has a quick ratio of 5.22, a current ratio of 8.97 and a debt-to-equity ratio of 0.38.

Kadant (NYSE:KAI) last announced its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.08. The company had revenue of $286.20 million during the quarter, compared to analysts’ expectations of $274.43 million. Kadant had a net margin of 9.69% and a return on equity of 11.57%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 EPS. Kadant has set its Q1 2026 guidance at 1.780-1.880 EPS and its FY 2026 guidance at 10.500-10.750 EPS. Analysts expect that Kadant Inc will post 9.97 EPS for the current year.

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.