Strs Ohio Invests $270,000 in Kadant Inc $KAI

Strs Ohio acquired a new stake in Kadant Inc (NYSE:KAI) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 800 shares of the industrial products company’s stock, valued at approximately $270,000.

Several other hedge funds have also bought and sold shares of the business. Cetera Investment Advisers boosted its holdings in shares of Kadant by 12.5% in the 4th quarter. Cetera Investment Advisers now owns 720 shares of the industrial products company’s stock worth $248,000 after buying an additional 80 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Kadant by 150,885.2% during the first quarter. GAMMA Investing LLC now owns 81,532 shares of the industrial products company’s stock valued at $27,469,000 after purchasing an additional 81,478 shares during the period. Rhumbline Advisers raised its holdings in shares of Kadant by 81.6% during the first quarter. Rhumbline Advisers now owns 33,388 shares of the industrial products company’s stock valued at $11,249,000 after acquiring an additional 15,002 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of Kadant by 924.5% during the first quarter. Contravisory Investment Management Inc. now owns 543 shares of the industrial products company’s stock valued at $183,000 after acquiring an additional 490 shares in the last quarter. Finally, Impact Capital Partners LLC raised its holdings in Kadant by 7.8% in the first quarter. Impact Capital Partners LLC now owns 2,201 shares of the industrial products company’s stock worth $742,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Transactions at Kadant

In other Kadant news, Director Thomas C. Leonard sold 415 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $338.41, for a total transaction of $140,440.15. Following the completion of the sale, the director owned 4,250 shares of the company’s stock, valued at $1,438,242.50. This trade represents a 8.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Kadant Stock Down 0.3%

Kadant stock opened at $303.71 on Thursday. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 33.82 and a beta of 1.25. The business’s 50-day moving average price is $328.09 and its 200 day moving average price is $323.01. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.26. Kadant Inc has a 52 week low of $281.30 and a 52 week high of $429.95.

Kadant (NYSE:KAI) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.37. The company had revenue of $255.27 million for the quarter, compared to the consensus estimate of $245.99 million. Kadant had a return on equity of 12.62% and a net margin of 10.34%.Kadant’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.81 earnings per share. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. As a group, sell-side analysts anticipate that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 9th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, October 9th. Kadant’s dividend payout ratio is presently 15.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KAI. DA Davidson raised their price target on Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Barrington Research reaffirmed an “outperform” rating and issued a $380.00 price objective on shares of Kadant in a research note on Tuesday. Finally, Wall Street Zen upgraded Kadant from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.00.

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.