Kadant (NYSE:KAI) Given “Outperform” Rating at Barrington Research

Kadant (NYSE:KAI)‘s stock had its “outperform” rating reaffirmed by analysts at Barrington Research in a report issued on Wednesday,Benzinga reports. They presently have a $380.00 target price on the industrial products company’s stock. Barrington Research’s price target indicates a potential upside of 13.95% from the stock’s current price.

Several other research analysts have also commented on the company. DA Davidson set a $295.00 price objective on Kadant in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Kadant in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $337.50.

Kadant Price Performance

Kadant stock opened at $333.49 on Wednesday. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 38.55 and a beta of 1.25. The company has a quick ratio of 1.60, a current ratio of 2.45 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $311.87 and a 200 day simple moving average of $304.42. Kadant has a 52 week low of $244.87 and a 52 week high of $409.73.

Insider Buying and Selling at Kadant

In related news, Director Erin L. Russell sold 1,435 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $282.36, for a total transaction of $405,186.60. Following the transaction, the director owned 3,066 shares of the company’s stock, valued at approximately $865,715.76. This trade represents a 31.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Trading of Kadant

Several institutional investors have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in shares of Kadant by 102.3% in the fourth quarter. CWM LLC now owns 87 shares of the industrial products company’s stock worth $25,000 after buying an additional 44 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Kadant by 1,300.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 84 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 78 shares during the last quarter. Kestra Investment Management LLC bought a new position in Kadant during the 2nd quarter worth approximately $27,000. Kestra Advisory Services LLC purchased a new position in Kadant in the 4th quarter worth approximately $27,000. Finally, Danske Bank A S bought a new stake in Kadant in the fourth quarter valued at approximately $29,000. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

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.