Kadant Inc. (NYSE:KAI) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Kadant Inc. (NYSE:KAIGet Rating) by 228.0% in the first quarter, HoldingsChannel.com reports. The firm owned 4,700 shares of the industrial products company’s stock after acquiring an additional 3,267 shares during the period. SG Americas Securities LLC’s holdings in Kadant were worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in KAI. CWM LLC bought a new stake in Kadant in the fourth quarter valued at $87,000. Qube Research & Technologies Ltd lifted its stake in Kadant by 370.9% in the fourth quarter. Qube Research & Technologies Ltd now owns 9,997 shares of the industrial products company’s stock valued at $2,304,000 after buying an additional 7,874 shares during the last quarter. Yarbrough Capital LLC bought a new stake in Kadant in the fourth quarter valued at $388,000. Oppenheimer Asset Management Inc. raised its stake in shares of Kadant by 7.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,595 shares of the industrial products company’s stock valued at $3,134,000 after purchasing an additional 1,001 shares in the last quarter. Finally, Aptus Capital Advisors LLC raised its stake in shares of Kadant by 23.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 11,008 shares of the industrial products company’s stock valued at $2,537,000 after purchasing an additional 2,100 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors.

Kadant Price Performance

Shares of NYSE KAI opened at $203.85 on Monday. Kadant Inc. has a fifty-two week low of $168.43 and a fifty-two week high of $240.47. The firm’s 50-day simple moving average is $185.45 and its 200 day simple moving average is $193.08. The company has a quick ratio of 1.14, a current ratio of 1.80 and a debt-to-equity ratio of 0.41. The stock has a market cap of $2.38 billion, a P/E ratio of 21.90, a P/E/G ratio of 2.73 and a beta of 1.18.

Kadant (NYSE:KAIGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.08 by $0.20. Kadant had a net margin of 12.93% and a return on equity of 17.88%. The firm had revenue of $226.48 million for the quarter, compared to analysts’ expectations of $215.17 million. During the same period in the previous year, the business earned $1.43 earnings per share. Kadant’s revenue for the quarter was up 31.3% compared to the same quarter last year. Equities analysts expect that Kadant Inc. will post 8.9 EPS for the current year.

Kadant Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Shareholders of record on Thursday, July 14th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Wednesday, July 13th. Kadant’s dividend payout ratio (DPR) is presently 11.17%.

Analyst Upgrades and Downgrades

KAI has been the topic of a number of recent analyst reports. Barrington Research lifted their price objective on shares of Kadant from $240.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 5th. Seaport Res Ptn restated a “neutral” rating on shares of Kadant in a research note on Wednesday, May 4th.

Kadant Profile

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Kadant Inc supplies technologies and engineered systems worldwide. It operates through 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, shower and fabric-conditioning systems, formation systems, and water-filtration systems.

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Institutional Ownership by Quarter for Kadant (NYSE:KAI)

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