Kadant (NYSE:KAI) Director Sells $186,570.09 in Stock

Kadant Inc (NYSE:KAI) Director Rebecca Martinez O’mara sold 699 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $266.91, for a total value of $186,570.09. Following the transaction, the director directly owned 1,141 shares of the company’s stock, valued at approximately $304,544.31. This trade represents a 37.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Kadant Price Performance

Shares of KAI traded up $3.56 during trading hours on Wednesday, reaching $267.55. The company had a trading volume of 3,250 shares, compared to its average volume of 140,678. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 30.76 and a beta of 1.24. The company has a current ratio of 9.39, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The firm has a 50 day simple moving average of $297.65 and a 200-day simple moving average of $314.06. Kadant Inc has a 12-month low of $261.91 and a 12-month high of $429.95.

Kadant (NYSE:KAI) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.41. Kadant had a return on equity of 11.97% and a net margin of 9.96%.The company had revenue of $271.57 million for the quarter, compared to the consensus estimate of $260.17 million. During the same period in the previous year, the business earned $2.84 earnings per share. Kadant’s quarterly revenue was up .0% compared to the same quarter last year. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. Research analysts expect that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Investors of record on Thursday, October 9th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Kadant’s dividend payout ratio (DPR) is presently 15.72%.

Hedge Funds Weigh In On Kadant

Several hedge funds and other institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB grew its stake in shares of Kadant by 21.8% in the third quarter. Handelsbanken Fonder AB now owns 95,079 shares of the industrial products company’s stock worth $28,294,000 after purchasing an additional 17,000 shares in the last quarter. US Bancorp DE raised its holdings in Kadant by 16.2% during the third quarter. US Bancorp DE now owns 1,653 shares of the industrial products company’s stock worth $492,000 after purchasing an additional 230 shares in the last quarter. MAI Capital Management lifted its holdings in shares of Kadant by 548.1% in the third quarter. MAI Capital Management now owns 875 shares of the industrial products company’s stock valued at $260,000 after buying an additional 740 shares during the period. Zhang Financial LLC acquired a new position in shares of Kadant in the 3rd quarter worth approximately $1,515,000. Finally, TD Asset Management Inc bought a new stake in shares of Kadant in the 3rd quarter worth approximately $802,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analyst Upgrades and Downgrades

KAI has been the subject of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $380.00 price objective on shares of Kadant in a report on Monday, October 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Kadant in a research note on Wednesday, October 8th. Finally, DA Davidson lifted their price objective on Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a research note 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 company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $340.00.

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.