Kadant Inc $KAI Stock Holdings Lessened by Dudley & Shanley Inc.

Dudley & Shanley Inc. cut its position in shares of Kadant Inc (NYSE:KAI) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,782 shares of the industrial products company’s stock after selling 2,953 shares during the quarter. Kadant makes up 3.0% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 18th largest position. Dudley & Shanley Inc. owned about 0.62% of Kadant worth $19,034,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Kadant during the 2nd quarter valued at about $565,205,000. Wasatch Advisors LP grew its holdings in Kadant by 13.7% in the first quarter. Wasatch Advisors LP now owns 1,038,548 shares of the industrial products company’s stock valued at $303,619,000 after purchasing an additional 125,342 shares during the period. Capital World Investors increased its position in Kadant by 56.5% during the fourth quarter. Capital World Investors now owns 494,773 shares of the industrial products company’s stock worth $141,020,000 after purchasing an additional 178,563 shares during the last quarter. Geode Capital Management LLC raised its stake in Kadant by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 314,496 shares of the industrial products company’s stock worth $89,651,000 after purchasing an additional 2,294 shares during the period. Finally, Riverbridge Partners LLC raised its stake in Kadant by 43.4% during the first quarter. Riverbridge Partners LLC now owns 252,230 shares of the industrial products company’s stock worth $73,739,000 after purchasing an additional 76,366 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KAI. Wall Street Zen raised Kadant from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. Weiss Ratings downgraded Kadant from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 18th. Finally, DA Davidson lifted their price target on shares of Kadant from $306.00 to $335.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. One research 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 stock currently has an average rating of “Hold” and an average price target of $357.50.

Kadant Stock Performance

Shares of KAI traded down $1.19 during mid-day trading on Tuesday, reaching $265.95. 38,014 shares of the company’s stock traded hands, compared to its average volume of 154,964. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.63 and a current ratio of 2.59. Kadant Inc has a 12 month low of $244.87 and a 12 month high of $354.07. The business’s 50-day moving average price is $298.11 and its 200-day moving average price is $305.47. The stock has a market capitalization of $3.14 billion, a P/E ratio of 28.60 and a beta of 1.21.

Kadant (NYSE:KAI) last issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $2.94 by $0.48. Kadant had a return on equity of 13.16% and a net margin of 9.52%.The company had revenue of $312.88 million for the quarter, compared to analyst estimates of $299.17 million. During the same period last year, the company earned $2.31 earnings per share. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. Equities analysts predict that Kadant Inc will post 12.56 earnings per share for the current year.

Kadant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, October 15th. Kadant’s payout ratio is presently 15.48%.

Kadant Company Profile

Kadant Inc (NYSE: KAI) is a global supplier of technologies and equipment used in the manufacturing, processing, and handling of industrial materials. The company primarily serves the pulp and paper industry, while also providing products for other process industries.

Kadant’s products include equipment for stock preparation, fiber processing, paper-machine cleaning and doctoring, water-management systems, filtration, fluid handling, drying, and material conveying. Its solutions are designed to improve production efficiency, manage water and process fluids, recover and recycle materials, and support the operation of paper and other industrial processing facilities.

The company serves customers through operations and sales channels in North America, Europe, Asia, and other international markets.