OneDigital Investment Advisors LLC Buys Shares of 2,660 Kadant Inc $KAI

OneDigital Investment Advisors LLC purchased a new position in shares of Kadant Inc (NYSE:KAI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,660 shares of the industrial products company’s stock, valued at approximately $836,000.

Other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Kadant by 1,300.0% in 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 acquiring an additional 78 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of Kadant in the second quarter worth $27,000. CWM LLC increased its position in Kadant by 102.3% during the fourth quarter. CWM LLC now owns 87 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 44 shares during the period. Kestra Advisory Services LLC bought a new position in Kadant during the fourth quarter worth $27,000. Finally, Danske Bank A S acquired a new position in Kadant during the 4th quarter valued at $29,000. 96.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wall Street Zen cut Kadant from a “buy” rating to a “hold” rating in a research report on Saturday. Barrington Research restated an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a research note on Monday, May 4th. Zacks Research cut shares of Kadant from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. DA Davidson upped their price objective on Kadant from $306.00 to $335.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings downgraded Kadant from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $357.50.

Kadant Price Performance

Kadant stock opened at $309.37 on Wednesday. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $3.65 billion, a P/E ratio of 33.27 and a beta of 1.20. The business has a 50-day moving average of $310.72 and a 200-day moving average of $316.58. Kadant Inc has a 1 year low of $244.87 and a 1 year high of $354.07.

Kadant (NYSE:KAI) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $2.94 by $0.48. The company had revenue of $312.88 million for the quarter, compared to analysts’ expectations of $299.17 million. Kadant had a net margin of 9.52% and a return on equity of 13.16%. The business’s quarterly revenue was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. On average, equities analysts anticipate that Kadant Inc will post 12.54 EPS for the current year.

Kadant Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 13th. Investors of record on Thursday, July 16th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, July 16th. Kadant’s dividend payout ratio is presently 15.48%.

Kadant declared that its Board of Directors has authorized a share buyback program on Thursday, May 21st that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase up to 1.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Insider Transactions at Kadant

In other Kadant news, SVP Stacy D. Krause sold 1,227 shares of Kadant stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $334.17, for a total value of $410,026.59. Following the transaction, the senior vice president owned 1,363 shares of the company’s stock, valued at approximately $455,473.71. The trade was a 47.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

Kadant Company 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.