Erste Asset Management GmbH Decreases Stake in Kadant Inc $KAI

Erste Asset Management GmbH lessened its holdings in shares of Kadant Inc (NYSE:KAI) by 10.9% in the third quarter, Holdings Channel reports. The firm owned 19,665 shares of the industrial products company’s stock after selling 2,415 shares during the period. Erste Asset Management GmbH’s holdings in Kadant were worth $5,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KAI. Handelsbanken Fonder AB grew its stake in Kadant by 21.8% during the third quarter. Handelsbanken Fonder AB now owns 95,079 shares of the industrial products company’s stock worth $28,294,000 after buying an additional 17,000 shares during the period. US Bancorp DE raised its stake in shares of Kadant by 16.2% in the 3rd quarter. US Bancorp DE now owns 1,653 shares of the industrial products company’s stock valued at $492,000 after acquiring an additional 230 shares during the period. MAI Capital Management lifted its holdings in shares of Kadant by 548.1% during the 3rd quarter. MAI Capital Management now owns 875 shares of the industrial products company’s stock valued at $260,000 after acquiring an additional 740 shares in the last quarter. Zhang Financial LLC purchased a new stake in Kadant during the 3rd quarter worth $1,515,000. Finally, TD Asset Management Inc purchased a new stake in Kadant during the 3rd quarter worth $802,000. 96.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barrington Research restated an “outperform” rating and set a $380.00 price objective on shares of Kadant in a research note on Tuesday. DA Davidson set a $303.00 target price on Kadant in a report on Friday, February 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kadant in a research report on Monday, December 29th. One investment 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 has an average rating of “Hold” and an average target price of $341.50.

Kadant Stock Down 1.9%

Shares of NYSE KAI opened at $338.93 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 5.22 and a current ratio of 8.97. Kadant Inc has a 1 year low of $244.87 and a 1 year high of $381.73. The stock’s 50-day simple moving average is $318.80 and its 200-day simple moving average is $305.22. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 39.18 and a beta of 1.25.

Kadant (NYSE:KAI) last issued its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.08. Kadant had a return on equity of 11.57% and a net margin of 9.69%.The firm had revenue of $286.20 million during the quarter, compared to analyst estimates of $274.43 million. During the same quarter last year, the firm earned $2.25 EPS. Kadant’s quarterly revenue was up 10.9% on a year-over-year basis. Kadant has set its Q1 2026 guidance at 1.780-1.880 EPS and its FY 2026 guidance at 10.500-10.750 EPS. As a group, equities analysts anticipate that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Profile

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.