GAMMA Investing LLC Sells 80 Shares of Kadant Inc $KAI

GAMMA Investing LLC lowered its stake in shares of Kadant Inc (NYSE:KAI) by 33.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 162 shares of the industrial products company’s stock after selling 80 shares during the quarter. GAMMA Investing LLC’s holdings in Kadant were worth $51,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KAI. Corebridge Financial Inc. boosted its holdings in shares of Kadant by 5.0% in the first quarter. Corebridge Financial Inc. now owns 6,122 shares of the industrial products company’s stock worth $2,063,000 after acquiring an additional 293 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Kadant by 7.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 836 shares of the industrial products company’s stock valued at $282,000 after acquiring an additional 57 shares during the last quarter. Amalgamated Bank lifted its position in Kadant by 736.5% in the first quarter. Amalgamated Bank now owns 3,346 shares of the industrial products company’s stock valued at $1,127,000 after purchasing an additional 2,946 shares during the last quarter. Asset Management One Co. Ltd. bought a new position in shares of Kadant during the first quarter valued at about $111,000. Finally, Yousif Capital Management LLC bought a new position in shares of Kadant during the first quarter valued at approximately $1,475,000. Institutional investors own 96.13% of the company’s stock.

Insiders Place Their Bets

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

Kadant Stock Up 1.7%

Shares of NYSE:KAI opened at $303.36 on Friday. 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. The business’s 50 day moving average is $322.94 and its 200 day moving average is $320.33. The stock has a market cap of $3.57 billion, a P/E ratio of 33.78 and a beta of 1.22.

Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.37. The firm had revenue of $255.27 million for the quarter, compared to the consensus estimate of $245.99 million. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The company’s quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the firm earned $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. Sell-side analysts predict that Kadant Inc will post 9.97 EPS for the current year.

Kadant Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 9th will be paid 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 (DPR) is 15.14%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KAI. Wall Street Zen raised Kadant from a “sell” rating to a “hold” rating in a research report on Saturday, July 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kadant in a research report on Saturday, September 27th. DA Davidson boosted their target price on shares of Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Barrington Research reiterated an “outperform” rating and issued a $380.00 price target on shares of Kadant in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $340.00.

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.