Kadant Inc. (NYSE:KAI - Free Report) - Equities research analysts at Barrington Research lifted their FY2024 earnings per share estimates for shares of Kadant in a note issued to investors on Thursday, October 31st. Barrington Research analyst G. Prestopino now expects that the industrial products company will post earnings of $10.03 per share for the year, up from their previous estimate of $9.82. Barrington Research currently has a "Outperform" rating and a $360.00 target price 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 Q3 2025 earnings at $3.07 EPS and FY2025 earnings at $10.80 EPS.
Kadant (NYSE:KAI - Get Free Report) last announced its earnings results on Tuesday, October 29th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.41. Kadant had a return on equity of 15.41% and a net margin of 11.12%. The firm had revenue of $271.61 million for the quarter, compared to the consensus estimate of $266.38 million. During the same period in the previous year, the business earned $2.69 EPS. The firm's revenue for the quarter was up 11.2% on a year-over-year basis.
Separately, DA Davidson boosted their price target on Kadant from $290.00 to $300.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st.
Read Our Latest Analysis on Kadant
Kadant Stock Performance
Kadant stock traded up $6.31 during trading hours on Monday, hitting $349.69. 45,914 shares of the stock traded hands, compared to its average volume of 80,648. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.25 and a quick ratio of 1.40. The firm's 50 day moving average price is $323.77 and its 200-day moving average price is $306.11. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 35.79 and a beta of 1.21. Kadant has a 1 year low of $242.07 and a 1 year high of $363.40.
Hedge Funds Weigh In On Kadant
A number of large investors have recently bought and sold shares of the business. Xponance Inc. raised its holdings in Kadant by 5.2% in the 2nd quarter. Xponance Inc. now owns 744 shares of the industrial products company's stock worth $219,000 after purchasing an additional 37 shares during the period. Trust Point Inc. raised its holdings in shares of Kadant by 1.1% during the third quarter. Trust Point Inc. now owns 4,178 shares of the industrial products company's stock valued at $1,412,000 after acquiring an additional 45 shares during the last quarter. Wealth Alliance raised its holdings in shares of Kadant by 7.0% during the second quarter. Wealth Alliance now owns 718 shares of the industrial products company's stock valued at $211,000 after acquiring an additional 47 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Kadant by 7.1% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 855 shares of the industrial products company's stock valued at $280,000 after acquiring an additional 57 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Kadant by 1.9% during the second quarter. Arizona State Retirement System now owns 3,279 shares of the industrial products company's stock valued at $963,000 after acquiring an additional 62 shares during the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.
Insider Transactions at Kadant
In other news, Director Thomas C. Leonard sold 2,000 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $337.40, for a total value of $674,800.00. Following the sale, the director now 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 through the SEC website. Company insiders own 1.40% of the company's stock.
Kadant Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th will be paid a $0.32 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.37%. Kadant's payout ratio is 13.10%.
Kadant Company Profile
(
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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.
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