World Investment Advisors Purchases Shares of 1,484 Kadant Inc $KAI

World Investment Advisors acquired a new position in Kadant Inc (NYSE:KAI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,484 shares of the industrial products company’s stock, valued at approximately $471,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Kadant by 348.1% during the first quarter. GAMMA Investing LLC now owns 242 shares of the industrial products company’s stock valued at $82,000 after buying an additional 188 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Kadant by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 836 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 57 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Kadant by 16.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 695 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 97 shares during the period. 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. Finally, New York State Teachers Retirement System purchased a new stake in shares of Kadant during the first quarter valued at approximately $912,000. Institutional investors own 96.13% of the company’s stock.

Kadant Trading Up 0.1%

Shares of KAI opened at $277.02 on Tuesday. Kadant Inc has a 1-year low of $270.21 and a 1-year high of $429.95. The company has a current ratio of 9.39, a quick ratio of 1.53 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $304.76 and its 200-day moving average price is $315.48. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 32.02 and a beta of 1.22.

Kadant (NYSE:KAI) last released its quarterly earnings results on Tuesday, October 28th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.41. Kadant had a net margin of 9.96% and a return on equity of 11.97%. The company had revenue of $271.57 million during the quarter, compared to the consensus estimate of $260.17 million. During the same period in the prior year, the firm earned $2.84 earnings per share. Kadant’s revenue was up .0% on a year-over-year basis. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. Sell-side analysts anticipate that Kadant Inc will post 9.97 EPS for the current year.

Kadant Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 9th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Thursday, October 9th. Kadant’s dividend payout ratio (DPR) is presently 15.72%.

Wall Street Analyst Weigh In

A number of research firms recently commented on KAI. Barrington Research reiterated an “outperform” rating and set a $380.00 price target on shares of Kadant in a report on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kadant in a research note on Wednesday, October 8th. Finally, DA Davidson raised their target price on Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $340.00.

Insider Buying and Selling at Kadant

In related news, Director Thomas C. Leonard sold 415 shares of the company’s 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 sale, the director directly owned 4,250 shares of the company’s stock, valued at $1,438,242.50. This represents a 8.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.

Kadant 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.