Kadant Inc. (NYSE:KAI) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lowered its holdings in shares of Kadant Inc. (NYSE:KAI) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,448 shares of the industrial products company’s stock after selling 866 shares during the period. GHP Investment Advisors Inc. owned 0.12% of Kadant worth $4,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in shares of Kadant in the third quarter valued at about $25,000. Hilltop National Bank acquired a new position in Kadant in the 4th quarter valued at about $26,000. Icon Wealth Advisors LLC purchased a new stake in Kadant during the 3rd quarter valued at approximately $28,000. Westside Investment Management Inc. acquired a new stake in Kadant during the 3rd quarter worth approximately $31,000. Finally, Park Place Capital Corp grew its stake in shares of Kadant by 68.6% in the 3rd quarter. Park Place Capital Corp now owns 204 shares of the industrial products company’s stock valued at $69,000 after purchasing an additional 83 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Rebecca Martinez O’mara sold 300 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $392.59, for a total transaction of $117,777.00. Following the transaction, the director now directly owns 1,293 shares of the company’s stock, valued at $507,618.87. This represents a 18.83 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas C. Leonard sold 152 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $398.21, for a total transaction of $60,527.92. Following the completion of the sale, the director now owns 4,250 shares of the company’s stock, valued at $1,692,392.50. This trade represents a 3.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,052 shares of company stock valued at $416,655 in the last three months. 1.40% of the stock is currently owned by company insiders.

Kadant Trading Down 0.1 %

NYSE KAI opened at $369.94 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $4.34 billion, a P/E ratio of 37.86 and a beta of 1.29. Kadant Inc. has a 52-week low of $249.51 and a 52-week high of $429.95. The firm has a 50-day moving average price of $368.52 and a 200 day moving average price of $348.17.

Kadant Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Stockholders of record on Friday, January 10th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend was Friday, January 10th. Kadant’s dividend payout ratio (DPR) is 13.10%.

Wall Street Analyst Weigh In

Separately, Barrington Research increased their price target on Kadant from $360.00 to $410.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th.

Kadant Company Profile

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.