Kadant Inc $KAI Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lessened its position in shares of Kadant Inc (NYSE:KAI) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,430 shares of the industrial products company’s stock after selling 354 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Kadant were worth $4,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KAI. Maseco LLP acquired a new stake in Kadant during the second quarter valued at $30,000. Optimum Investment Advisors grew its position in Kadant by 50.0% during the first quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company’s stock valued at $51,000 after buying an additional 50 shares during the period. SVB Wealth LLC acquired a new stake in Kadant during the first quarter valued at $54,000. Harbor Investment Advisory LLC grew its position in Kadant by 55.4% during the second quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company’s stock valued at $55,000 after buying an additional 62 shares during the period. Finally, Hilltop National Bank acquired a new stake in Kadant during the second quarter valued at $62,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barrington Research restated an “outperform” rating and set a $380.00 price target on shares of Kadant in a research report on Monday, October 27th. DA Davidson lifted their target price on shares of Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kadant in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Kadant presently has a consensus rating of “Hold” and a consensus price target of $340.00.

Insiders Place Their Bets

In related news, Director Thomas C. Leonard sold 415 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $338.41, for a total transaction of $140,440.15. Following the transaction, the director directly owned 4,250 shares in the company, valued at approximately $1,438,242.50. The trade was a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Kadant Stock Down 3.5%

Shares of NYSE KAI opened at $275.58 on Monday. The company’s 50-day simple moving average is $306.02 and its 200-day simple moving average is $315.68. Kadant Inc has a 52-week low of $270.73 and a 52-week high of $429.95. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 31.86 and a beta of 1.22. The company has a quick ratio of 1.53, a current ratio of 9.39 and a debt-to-equity ratio of 0.27.

Kadant (NYSE:KAI) last announced its earnings results on Tuesday, October 28th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.41. Kadant had a net margin of 9.96% and a return on equity of 11.97%. The business had revenue of $271.57 million for the quarter, compared to analyst estimates of $260.17 million. During the same quarter last year, the business earned $2.84 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 9th will be given a dividend of $0.34 per share. The ex-dividend date is Thursday, October 9th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Kadant’s payout ratio is presently 15.72%.

Kadant 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.