Kadant (NYSE:KAI) Earns Outperform Rating from Barrington Research

Kadant (NYSE:KAI)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a note issued to investors on Wednesday,Benzinga reports. They currently have a $380.00 price objective on the industrial products company’s stock. Barrington Research’s price target points to a potential upside of 13.95% from the stock’s current price.

Several other analysts have also recently issued reports on KAI. Weiss Ratings reissued a “hold (c)” rating on shares of Kadant in a research note on Monday, December 29th. DA Davidson set a $295.00 price objective on Kadant in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $337.50.

Kadant Price Performance

Shares of Kadant stock opened at $333.49 on Wednesday. The firm has a market cap of $3.93 billion, a PE ratio of 38.55 and a beta of 1.25. Kadant has a 12-month low of $244.87 and a 12-month high of $409.73. The company has a quick ratio of 1.60, a current ratio of 2.45 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $311.87 and its two-hundred day simple moving average is $304.42.

Insider Buying and Selling

In other news, Director Erin L. Russell sold 1,435 shares of the company’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 transaction, the director owned 3,066 shares in the company, valued at approximately $865,715.76. This represents a 31.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Kadant

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 4D Advisors LLC bought a new stake in shares of Kadant in the 4th quarter worth $4,275,000. Freestone Grove Partners LP purchased a new stake in shares of Kadant during the fourth quarter valued at $732,000. AQR Capital Management LLC increased its holdings in Kadant by 23.7% in the 4th quarter. AQR Capital Management LLC now owns 4,233 shares of the industrial products company’s stock worth $1,207,000 after buying an additional 812 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in Kadant by 11.2% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 31,197 shares of the industrial products company’s stock worth $8,892,000 after buying an additional 3,146 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Kadant during the 4th quarter valued at about $477,000. 96.13% of the stock is owned by institutional investors.

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.