Chevy Chase Trust Holdings LLC Sells 85,454 Shares of Kadant Inc $KAI

Chevy Chase Trust Holdings LLC trimmed its position in Kadant Inc (NYSE:KAI) by 27.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,802 shares of the industrial products company’s stock after selling 85,454 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Kadant were worth $67,492,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KAI. AQR Capital Management LLC grew its holdings in Kadant by 11.2% in the 1st quarter. AQR Capital Management LLC now owns 2,763 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 279 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Kadant by 8.6% during the first quarter. Integrated Wealth Concepts LLC now owns 907 shares of the industrial products company’s stock valued at $306,000 after acquiring an additional 72 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kadant by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,985 shares of the industrial products company’s stock valued at $2,353,000 after acquiring an additional 311 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Kadant during the first quarter worth about $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kadant by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,974 shares of the industrial products company’s stock worth $10,435,000 after purchasing an additional 441 shares during the period. 96.13% of the stock is currently owned by institutional investors.

Kadant Trading Down 5.1%

Shares of KAI opened at $304.93 on Monday. Kadant Inc has a 1-year low of $244.87 and a 1-year high of $369.97. The company has a current ratio of 2.38, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $327.43 and its 200-day moving average price is $304.34. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 35.25 and a beta of 1.22.

Kadant (NYSE:KAI) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.61. Kadant had a net margin of 9.69% and a return on equity of 11.57%. The company had revenue of $286.20 million during the quarter, compared to the consensus estimate of $274.43 million. During the same period in the prior year, the firm earned $2.25 earnings per share. Kadant’s 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. Sell-side analysts anticipate that Kadant Inc will post 9.97 EPS for the current year.

Kadant Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Wednesday, April 15th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.44 annualized dividend and a dividend yield of 0.5%. This is an increase from Kadant’s previous quarterly dividend of $0.34. Kadant’s dividend payout ratio is currently 15.72%.

Wall Street Analyst Weigh In

KAI has been the topic of a number of research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Kadant in a report on Monday, December 29th. DA Davidson set a $303.00 price objective on Kadant in a research report on Friday, February 20th. Finally, Barrington Research reissued an “outperform” rating and set a $380.00 target price on shares of Kadant in a research note on Tuesday, February 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $341.50.

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.