Kadant’s (KAI) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Kadant (NYSE:KAI) in a research note released on Monday,Benzinga reports. They currently have a $380.00 price target on the industrial products company’s stock.

A number of other brokerages have also recently issued reports on KAI. Wall Street Zen upgraded shares of Kadant from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. DA Davidson boosted their price objective on shares of Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kadant in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Kadant has an average rating of “Hold” and a consensus price target of $340.00.

Kadant Stock Up 1.1%

Shares of NYSE KAI opened at $301.86 on Monday. The stock has a market cap of $3.56 billion, a P/E ratio of 34.90 and a beta of 1.22. The firm has a 50 day moving average price of $308.14 and a 200 day moving average price of $316.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.53 and a current ratio of 2.38. Kadant has a 52-week low of $270.73 and a 52-week high of $429.95.

Kadant (NYSE:KAI) last issued its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.41. The firm had revenue of $271.57 million during the quarter, compared to analysts’ expectations of $260.17 million. Kadant had a net margin of 9.96% and a return on equity of 12.19%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.84 earnings per share. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. Analysts expect that Kadant will post 9.97 EPS for the current year.

Kadant Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 9th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 9th. Kadant’s payout ratio is currently 15.14%.

Insider Activity at Kadant

In other news, Director Thomas C. Leonard sold 415 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $338.41, for a total value of $140,440.15. Following the sale, the director owned 4,250 shares of the company’s stock, valued at $1,438,242.50. The trade was a 8.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Kadant

Institutional investors have recently made changes to their positions in the business. Kestra Investment Management LLC bought a new stake in shares of Kadant in the second quarter worth $27,000. Maseco LLP bought a new stake in Kadant during the second quarter worth $30,000. First Horizon Corp bought a new stake in Kadant during the third quarter worth $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Kadant during the second quarter worth $31,000. Finally, Root Financial Partners LLC bought a new stake in Kadant during the third quarter worth $35,000. Institutional investors own 96.13% of the company’s stock.

Kadant Company Profile

Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.