Brown Advisory Inc. Lowers Stake in Kadant Inc $KAI

Brown Advisory Inc. cut its position in Kadant Inc (NYSE:KAI) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 173,405 shares of the industrial products company’s stock after selling 12,379 shares during the period. Brown Advisory Inc. owned about 1.47% of Kadant worth $55,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of KAI. Maseco LLP bought a new position in Kadant in the 2nd quarter worth $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Kadant during the second quarter valued at about $31,000. Huntington National Bank lifted its position in shares of Kadant by 148.0% in the second quarter. Huntington National Bank now owns 124 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 74 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Kadant in the first quarter worth about $54,000. Finally, Harbor Investment Advisory LLC boosted its stake in shares of Kadant by 55.4% in the second quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 62 shares during the period. 96.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Barrington Research reissued an “outperform” rating and set a $380.00 target price on shares of Kadant in a research note on Monday, October 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kadant in a report on Monday. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Kadant presently has a consensus rating of “Hold” and a consensus price target of $340.00.

Kadant Price Performance

Shares of Kadant stock opened at $288.48 on Friday. The firm has a market cap of $3.40 billion, a PE ratio of 33.35 and a beta of 1.26. The stock has a 50 day moving average of $282.37 and a 200 day moving average of $309.18. The company has a current ratio of 2.45, a quick ratio of 1.60 and a debt-to-equity ratio of 0.26. Kadant Inc has a 12 month low of $244.87 and a 12 month high of $420.74.

Kadant (NYSE:KAI) last posted its earnings results on Tuesday, October 28th. The industrial products company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.41. Kadant had a return on equity of 11.97% and a net margin of 9.96%.The firm 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 company earned $2.84 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS and its FY 2025 guidance at 9.050-9.250 EPS. On average, research analysts expect that Kadant Inc will post 9.97 EPS for the current fiscal year.

Kadant Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Thursday, January 8th 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 of this dividend is Thursday, January 8th. Kadant’s dividend payout ratio (DPR) is presently 15.72%.

Insider Transactions at Kadant

In related news, Director Rebecca Martinez O’mara sold 699 shares of Kadant stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $266.91, for a total value of $186,570.09. Following the completion of the transaction, the director owned 1,141 shares in the company, valued at approximately $304,544.31. This trade represents a 37.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Erin L. Russell sold 1,435 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $282.36, for a total value of $405,186.60. Following the sale, the director owned 3,066 shares in the company, valued at approximately $865,715.76. This trade represents a 31.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.40% of the company’s stock.

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.