Conestoga Capital Advisors LLC Has $70.49 Million Stake in Kadant Inc $KAI

Conestoga Capital Advisors LLC boosted its holdings in shares of Kadant Inc (NYSE:KAI) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,051 shares of the industrial products company’s stock after buying an additional 842 shares during the period. Conestoga Capital Advisors LLC owned about 1.88% of Kadant worth $70,490,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Yousif Capital Management LLC raised its stake in shares of Kadant by 1.3% in the 2nd quarter. Yousif Capital Management LLC now owns 4,433 shares of the industrial products company’s stock valued at $1,407,000 after buying an additional 55 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Kadant by 90.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 59,244 shares of the industrial products company’s stock worth $19,266,000 after purchasing an additional 28,099 shares in the last quarter. Inspire Investing LLC lifted its stake in Kadant by 23.1% during the second quarter. Inspire Investing LLC now owns 1,247 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 234 shares during the period. Callan Family Office LLC boosted its holdings in Kadant by 1,094.8% during the second quarter. Callan Family Office LLC now owns 15,055 shares of the industrial products company’s stock valued at $4,779,000 after purchasing an additional 13,795 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Kadant by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 11,673 shares of the industrial products company’s stock valued at $3,706,000 after purchasing an additional 40 shares during the period. Institutional investors own 96.13% of the company’s stock.

Analyst Ratings Changes

KAI has been the subject of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Kadant in a research report on Wednesday, October 8th. Wall Street Zen raised Kadant from a “sell” rating to a “hold” rating in a report on Saturday, July 5th. Barrington Research restated an “outperform” rating and issued a $380.00 target price on shares of Kadant in a research note on Friday, October 10th. Finally, DA Davidson lifted their price target on shares of Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a report on Monday, August 4th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $340.00.

Insider Buying and Selling

In other news, Director Thomas C. Leonard sold 415 shares of Kadant stock in a transaction on 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 directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

Kadant Stock Up 1.5%

Shares of NYSE KAI opened at $301.48 on Monday. Kadant Inc has a 12-month low of $270.73 and a 12-month high of $429.95. The firm’s 50-day simple moving average is $314.81 and its 200 day simple moving average is $316.77. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.26. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 33.57 and a beta of 1.22.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Tuesday, July 29th. The industrial products company reported $2.31 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.37. Kadant had a net margin of 10.34% and a return on equity of 12.62%. The firm had revenue of $255.27 million during the quarter, compared to analysts’ expectations of $245.99 million. During the same quarter last year, the company posted $2.81 EPS. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. Kadant has set its Q3 2025 guidance at 2.130-2.230 EPS. FY 2025 guidance at 9.050-9.250 EPS. On average, research analysts expect that Kadant Inc will post 9.97 earnings per share for the current fiscal year.

Kadant Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 9th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, October 9th. Kadant’s dividend payout ratio (DPR) is presently 15.14%.

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.