1,346 Shares in Kadant Inc. (NYSE:KAI) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in shares of Kadant Inc. (NYSE:KAI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,346 shares of the industrial products company's stock, valued at approximately $464,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Kadant during the 3rd quarter worth $25,000. Hilltop National Bank bought a new position in shares of Kadant during the 4th quarter worth $26,000. Icon Wealth Advisors LLC bought a new position in shares of Kadant during the 3rd quarter worth $28,000. Westside Investment Management Inc. bought a new position in shares of Kadant during the 3rd quarter worth $31,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Kadant during the 3rd quarter worth $74,000. Institutional investors own 96.13% of the company's stock.

Insider Buying and Selling at Kadant

In other Kadant news, Director Thomas C. Leonard sold 152 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $398.21, for a total value of $60,527.92. Following the completion of the sale, the director now directly owns 4,250 shares in the company, valued at approximately $1,692,392.50. This trade represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Fredrik H. Westerhout sold 600 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $397.25, for a total value of $238,350.00. Following the completion of the sale, the vice president now owns 1,437 shares of the company's stock, valued at approximately $570,848.25. This trade represents a 29.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and set a $410.00 price objective on shares of Kadant in a research note on Friday.

Kadant Stock Up 10.2 %

Shares of NYSE KAI traded up $36.02 during mid-day trading on Friday, reaching $390.21. 587,263 shares of the company were exchanged, compared to its average volume of 75,445. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 39.94 and a beta of 1.29. Kadant Inc. has a 1 year low of $249.51 and a 1 year high of $429.95. The firm has a 50-day moving average of $363.28 and a 200 day moving average of $348.92.

Kadant (NYSE:KAI - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.17. Kadant had a return on equity of 15.10% and a net margin of 11.12%. On average, research analysts expect that Kadant Inc. will post 10.11 earnings per share for the current year.

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.