Kadant Inc. (NYSE:KAI) Expected to Post FY2025 Earnings of $10.90 Per Share

Kadant Inc. (NYSE:KAI) – Stock analysts at William Blair issued their FY2025 earnings estimates for Kadant in a note issued to investors on Wednesday, May 1st. William Blair analyst R. Sparenblek expects that the industrial products company will post earnings of $10.90 per share for the year. William Blair has a “Outperform” rating on the stock. The consensus estimate for Kadant’s current full-year earnings is $10.00 per share.

Separately, Barrington Research reiterated an “outperform” rating and issued a $360.00 price objective on shares of Kadant in a research note on Monday, April 29th.

Kadant Stock Performance

NYSE KAI opened at $281.44 on Monday. The company’s 50 day moving average is $305.95 and its 200-day moving average is $284.03. The firm has a market cap of $3.30 billion, a P/E ratio of 29.32 and a beta of 1.30. Kadant has a 12-month low of $186.99 and a 12-month high of $354.02. The company has a quick ratio of 1.34, a current ratio of 2.05 and a debt-to-equity ratio of 0.14.

Kadant (NYSE:KAI) last announced its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.42. The business had revenue of $248.98 million during the quarter, compared to analyst estimates of $245.56 million. Kadant had a return on equity of 15.88% and a net margin of 11.53%. Kadant’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.40 earnings per share.

Kadant Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Wednesday, April 10th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.45%. This is an increase from Kadant’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Tuesday, April 9th. Kadant’s dividend payout ratio is presently 13.33%.

Insider Activity

In related news, SVP Stacy D. Krause sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $327.00, for a total transaction of $228,900.00. Following the sale, the senior vice president now owns 881 shares of the company’s stock, valued at approximately $288,087. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Thomas C. Leonard sold 217 shares of Kadant stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $323.81, for a total transaction of $70,266.77. Following the completion of the sale, the director now owns 11,080 shares in the company, valued at approximately $3,587,814.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Stacy D. Krause sold 700 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $327.00, for a total transaction of $228,900.00. Following the completion of the transaction, the senior vice president now owns 881 shares in the company, valued at $288,087. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,798 shares of company stock worth $2,899,004. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kadant

A number of hedge funds and other institutional investors have recently bought and sold shares of KAI. Bank of New York Mellon Corp grew its position in Kadant by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 66,615 shares of the industrial products company’s stock worth $15,025,000 after acquiring an additional 852 shares in the last quarter. Inspire Advisors LLC purchased a new position in shares of Kadant during the 3rd quarter valued at about $695,000. Principal Financial Group Inc. lifted its position in Kadant by 24.4% in the 3rd quarter. Principal Financial Group Inc. now owns 3,713 shares of the industrial products company’s stock worth $837,000 after buying an additional 728 shares during the last quarter. West Coast Financial LLC boosted its stake in Kadant by 0.3% in the third quarter. West Coast Financial LLC now owns 30,657 shares of the industrial products company’s stock worth $6,915,000 after buying an additional 86 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Kadant by 27.2% in the third quarter. Victory Capital Management Inc. now owns 3,357 shares of the industrial products company’s stock worth $757,000 after buying an additional 717 shares in the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

About Kadant

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.