Kadant (NYSE:KAI) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Kadant (NYSE:KAI) posted its quarterly earnings data on Wednesday. The industrial products company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.08, FiscalAI reports. Kadant had a net margin of 9.96% and a return on equity of 11.97%. The firm had revenue of $286.20 million during the quarter, compared to analyst estimates of $274.43 million.

Kadant Stock Down 3.9%

NYSE:KAI traded down $12.96 during mid-day trading on Wednesday, reaching $320.55. The stock had a trading volume of 176,607 shares, compared to its average volume of 128,347. The stock has a market cap of $3.78 billion, a P/E ratio of 37.06 and a beta of 1.25. The business’s 50 day moving average is $311.87 and its 200 day moving average is $304.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.45 and a quick ratio of 1.60. Kadant has a fifty-two week low of $244.87 and a fifty-two week high of $398.69.

Analyst Ratings Changes

KAI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kadant in a research report on Monday, December 29th. Barrington Research reissued an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a research note on Wednesday. Finally, DA Davidson set a $295.00 target price on Kadant in a research note on Monday, February 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kadant has a consensus rating of “Hold” and an average target price of $337.50.

Insider Transactions at Kadant

In other news, Director Erin L. Russell sold 1,435 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $282.36, for a total transaction of $405,186.60. Following the transaction, the director owned 3,066 shares in the company, valued at approximately $865,715.76. This trade represents a 31.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kadant

Several hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in Kadant by 1,300.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 84 shares of the industrial products company’s stock valued at $25,000 after buying an additional 78 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Kadant during the 2nd quarter valued at about $27,000. Kestra Advisory Services LLC bought a new position in shares of Kadant in the 4th quarter valued at approximately $27,000. Allworth Financial LP boosted its position in Kadant by 89.1% during the third quarter. Allworth Financial LP now owns 104 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 49 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Kadant by 278.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 189 shares of the industrial products company’s stock valued at $59,000 after buying an additional 139 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

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.