Neuberger Berman Group LLC Has $156.25 Million Stock Holdings in Kadant Inc $KAI

Neuberger Berman Group LLC lowered its position in shares of Kadant Inc (NYSE:KAI) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 492,216 shares of the industrial products company’s stock after selling 62,979 shares during the quarter. Neuberger Berman Group LLC’s holdings in Kadant were worth $156,254,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers lifted its position in shares of Kadant by 5.6% in the first quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 40 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Kadant by 27.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,017 shares of the industrial products company’s stock valued at $343,000 after buying an additional 217 shares during the last quarter. Vanguard Group Inc. lifted its position in Kadant by 9.4% during the 1st quarter. Vanguard Group Inc. now owns 1,332,583 shares of the industrial products company’s stock worth $448,961,000 after buying an additional 114,310 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Kadant by 4.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 126,606 shares of the industrial products company’s stock worth $42,655,000 after buying an additional 4,920 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Kadant in the 1st quarter valued at about $341,000. 96.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barrington Research reissued an “outperform” rating and set a $380.00 price target on shares of Kadant in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Kadant in a report on Monday, December 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $340.00.

Kadant Stock Down 0.8%

Shares of KAI opened at $292.21 on Friday. The company has a current ratio of 2.45, a quick ratio of 1.60 and a debt-to-equity ratio of 0.26. Kadant Inc has a 12 month low of $244.87 and a 12 month high of $409.73. The firm’s 50 day moving average is $281.36 and its 200-day moving average is $308.35. The stock has a market capitalization of $3.44 billion, a PE ratio of 33.78 and a beta of 1.26.

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

Kadant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Thursday, January 8th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, January 8th. Kadant’s dividend payout ratio is currently 15.72%.

Insiders Place Their Bets

In related news, Director Rebecca Martinez O’mara sold 699 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $266.91, for a total transaction of $186,570.09. Following the completion of the sale, the director owned 1,141 shares of the company’s stock, valued at $304,544.31. This trade represents a 37.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Erin L. Russell sold 1,435 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $282.36, for a total value of $405,186.60. Following the sale, the director owned 3,066 shares of the company’s stock, valued at approximately $865,715.76. This represents a 31.88% decrease in their position. The SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

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.