Kadant Inc. (NYSE:KAI - Free Report) - Investment analysts at Barrington Research cut their Q4 2024 earnings per share estimates for Kadant in a research note issued on Thursday, October 31st. Barrington Research analyst G. Prestopino now anticipates that the industrial products company will post earnings per share of $2.00 for the quarter, down from their previous estimate of $2.26. Barrington Research has a "Outperform" rating and a $360.00 price target on the stock. The consensus estimate for Kadant's current full-year earnings is $9.99 per share. Barrington Research also issued estimates for Kadant's Q1 2025 earnings at $2.47 EPS, Q2 2025 earnings at $3.06 EPS, Q4 2025 earnings at $2.20 EPS, Q1 2026 earnings at $2.70 EPS, Q2 2026 earnings at $3.33 EPS, Q3 2026 earnings at $3.37 EPS and FY2026 earnings at $11.83 EPS.
Separately, DA Davidson increased their price objective on shares of Kadant from $290.00 to $300.00 and gave the company a "neutral" rating in a report on Thursday, August 1st.
Read Our Latest Stock Report on KAI
Kadant Price Performance
Shares of NYSE:KAI traded up $10.32 during midday trading on Friday, reaching $343.38. 72,018 shares of the company's stock traded hands, compared to its average volume of 80,812. The company has a fifty day simple moving average of $323.77 and a two-hundred day simple moving average of $305.86. Kadant has a 1 year low of $231.83 and a 1 year high of $363.40. The company has a market cap of $4.03 billion, a P/E ratio of 35.15 and a beta of 1.21. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.40 and a current ratio of 2.25.
Kadant (NYSE:KAI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.41. The firm had revenue of $271.61 million during the quarter, compared to analyst estimates of $266.38 million. Kadant had a return on equity of 15.41% and a net margin of 11.12%. Kadant's revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS.
Kadant Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 10th will be issued a $0.32 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.28 dividend on an annualized basis and a yield of 0.37%. Kadant's payout ratio is currently 13.10%.
Insiders Place Their Bets
In other news, Director Thomas C. Leonard sold 2,000 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $337.40, for a total value of $674,800.00. Following the completion of the sale, the director now directly owns 4,250 shares in the company, valued at $1,433,950. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Kadant
A number of institutional investors have recently added to or reduced their stakes in KAI. Opal Wealth Advisors LLC acquired a new position in Kadant in the 2nd quarter valued at about $29,000. Park Place Capital Corp lifted its holdings in Kadant by 68.6% in the third quarter. Park Place Capital Corp now owns 204 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 83 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Kadant in the third quarter worth approximately $74,000. Benjamin F. Edwards & Company Inc. increased its stake in Kadant by 226.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 274 shares of the industrial products company's stock worth $80,000 after acquiring an additional 190 shares during the last quarter. Finally, Covestor Ltd raised its position in Kadant by 31,600.0% in the first quarter. Covestor Ltd now owns 317 shares of the industrial products company's stock valued at $104,000 after purchasing an additional 316 shares during the period. Hedge funds and other institutional investors own 96.13% of the company's stock.
Kadant Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Kadant, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kadant wasn't on the list.
While Kadant currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
