Citigroup Inc. Acquires 2,252 Shares of Kadant Inc $KAI

Citigroup Inc. lifted its holdings in Kadant Inc (NYSE:KAI) by 8.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,631 shares of the industrial products company’s stock after buying an additional 2,252 shares during the period. Citigroup Inc. owned about 0.23% of Kadant worth $8,222,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in KAI. Synovus Financial Corp grew its position in Kadant by 2.9% in the third quarter. Synovus Financial Corp now owns 2,013 shares of the industrial products company’s stock worth $599,000 after acquiring an additional 57 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Kadant by 141.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 99,703 shares of the industrial products company’s stock valued at $29,670,000 after purchasing an additional 58,382 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Kadant by 6.8% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 6,512 shares of the industrial products company’s stock valued at $1,938,000 after purchasing an additional 415 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Kadant by 36.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,639 shares of the industrial products company’s stock worth $488,000 after purchasing an additional 441 shares during the period. Finally, Aberdeen Group plc increased its position in shares of Kadant by 0.3% during the 3rd quarter. Aberdeen Group plc now owns 48,179 shares of the industrial products company’s stock valued at $14,386,000 after purchasing an additional 124 shares during the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kadant in a research note on Monday, December 29th. Barrington Research restated an “outperform” rating and issued a $380.00 target price on shares of Kadant in a report on Tuesday, February 24th. Finally, DA Davidson set a $303.00 price target on shares of Kadant in a research note on Friday, February 20th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Kadant presently has an average rating of “Hold” and an average price target of $341.50.

Kadant Trading Down 1.9%

Shares of KAI opened at $338.93 on Monday. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 39.18 and a beta of 1.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 8.97 and a quick ratio of 5.22. Kadant Inc has a 1-year low of $244.87 and a 1-year high of $381.73. The company has a 50-day moving average of $318.80 and a 200 day moving average of $304.60.

Kadant (NYSE:KAI) last issued its earnings results on Wednesday, February 18th. The industrial products company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.08. The business had revenue of $286.20 million for the quarter, compared to analyst estimates of $274.43 million. Kadant had a net margin of 9.69% and a return on equity of 11.57%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $2.25 earnings per share. Kadant has set its Q1 2026 guidance at 1.780-1.880 EPS and its FY 2026 guidance at 10.500-10.750 EPS. On average, research analysts expect that Kadant Inc will post 9.97 EPS for the current year.

About Kadant

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high‐value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web‐handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long‐term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.