NewEdge Wealth LLC Takes $2.33 Million Position in Kadant Inc $KAI

NewEdge Wealth LLC acquired a new position in Kadant Inc (NYSE:KAI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,411 shares of the industrial products company’s stock, valued at approximately $2,329,000. NewEdge Wealth LLC owned about 0.06% of Kadant as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Fifth Third Bancorp boosted its position in shares of Kadant by 12,689.4% during the first quarter. Fifth Third Bancorp now owns 33,892 shares of the industrial products company’s stock worth $9,908,000 after buying an additional 33,627 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Kadant in the 4th quarter valued at $1,144,000. Pictet Asset Management Holding SA raised its holdings in shares of Kadant by 16.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 43,246 shares of the industrial products company’s stock valued at $12,326,000 after buying an additional 6,123 shares during the period. Norges Bank acquired a new position in Kadant during the 4th quarter worth about $42,985,000. Finally, Riverbridge Partners LLC lifted its stake in Kadant by 43.4% during the 1st quarter. Riverbridge Partners LLC now owns 252,230 shares of the industrial products company’s stock worth $73,739,000 after acquiring an additional 76,366 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Wall Street Analyst Weigh In

KAI has been the subject of several research reports. Barrington Research reaffirmed an “outperform” rating and issued a $380.00 target price on shares of Kadant in a research report on Monday, May 4th. DA Davidson increased their price target on shares of Kadant from $306.00 to $335.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. Zacks Research lowered shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen cut shares of Kadant from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Weiss Ratings raised shares of Kadant from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $357.50.

Kadant Price Performance

KAI stock opened at $316.09 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.59 and a quick ratio of 1.63. The firm has a market capitalization of $3.73 billion, a P/E ratio of 33.99 and a beta of 1.20. The business’s 50-day moving average is $311.97 and its two-hundred day moving average is $316.47. Kadant Inc has a 1 year low of $244.87 and a 1 year high of $354.07.

Kadant (NYSE:KAI) last announced its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.42 EPS for the quarter, topping analysts’ consensus estimates of $2.94 by $0.48. Kadant had a return on equity of 13.16% and a net margin of 9.52%.The business had revenue of $312.88 million during the quarter, compared to the consensus estimate of $299.17 million. During the same period in the previous year, the company posted $2.31 earnings per share. The business’s revenue for the quarter was up 22.6% on a year-over-year basis. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. Analysts anticipate that Kadant Inc will post 12.56 earnings per share for the current fiscal year.

Kadant declared that its board has approved a stock repurchase plan on Thursday, May 21st that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to buy up to 1.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Kadant news, SVP Stacy D. Krause sold 1,227 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $334.17, for a total value of $410,026.59. Following the sale, the senior vice president directly owned 1,363 shares of the company’s stock, valued at approximately $455,473.71. This represents a 47.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.30% of the stock is owned by company insiders.

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.