Inspire Investing LLC Acquires 234 Shares of Kadant Inc $KAI

Inspire Investing LLC grew its holdings in Kadant Inc (NYSE:KAI) by 23.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,247 shares of the industrial products company’s stock after acquiring an additional 234 shares during the period. Inspire Investing LLC’s holdings in Kadant were worth $396,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in Kadant in the first quarter worth approximately $30,000. Maseco LLP bought a new stake in shares of Kadant during the 2nd quarter worth $30,000. Optimum Investment Advisors boosted its holdings in shares of Kadant by 50.0% during the 1st quarter. Optimum Investment Advisors now owns 150 shares of the industrial products company’s stock worth $51,000 after buying an additional 50 shares during the period. SVB Wealth LLC bought a new stake in shares of Kadant during the 1st quarter worth $54,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Kadant by 55.4% during the 2nd quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company’s stock worth $55,000 after buying an additional 62 shares during the period. 96.13% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Thomas C. Leonard sold 415 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $338.41, for a total value of $140,440.15. Following the completion of the transaction, the director owned 4,250 shares in the company, valued at approximately $1,438,242.50. This represents a 8.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Barrington Research reaffirmed an “outperform” rating and set a $380.00 price objective on shares of Kadant in a report on Friday. Wall Street Zen raised shares of Kadant from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. DA Davidson upped their price objective on shares of Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kadant in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kadant has an average rating of “Hold” and a consensus target price of $340.00.

Kadant Trading Up 2.6%

Shares of KAI stock opened at $279.50 on Tuesday. Kadant Inc has a 52-week low of $270.73 and a 52-week high of $429.95. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 31.12 and a beta of 1.22. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 2.38. The firm has a fifty day moving average of $317.21 and a 200-day moving average of $317.94.

Kadant (NYSE:KAI) last announced its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.37. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The company had revenue of $255.27 million during the quarter, compared to analysts’ expectations of $245.99 million. During the same quarter in the prior year, the company posted $2.81 EPS. The business’s revenue was down 7.3% on a year-over-year basis. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. On average, equities research analysts forecast that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 9th will be paid a $0.34 dividend. The ex-dividend date is Thursday, October 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. Kadant’s dividend payout ratio is currently 15.14%.

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.