Inceptionr LLC Acquires New Stake in Kadant Inc $KAI

Inceptionr LLC bought a new stake in Kadant Inc (NYSE:KAI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 761 shares of the industrial products company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Maseco LLP purchased a new stake in shares of Kadant during the second quarter worth about $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Kadant during the second quarter valued at approximately $31,000. Huntington National Bank boosted its position in Kadant by 148.0% during the second quarter. Huntington National Bank now owns 124 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 74 shares during the last quarter. SVB Wealth LLC purchased a new stake in Kadant in the 1st quarter worth approximately $54,000. Finally, Harbor Investment Advisory LLC raised its holdings in Kadant by 55.4% in the 2nd quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 62 shares during the last quarter. 96.13% of the stock is currently owned by hedge funds and other institutional investors.

Kadant Trading Up 0.1%

KAI stock opened at $278.12 on Friday. The company has a quick ratio of 1.53, a current ratio of 9.39 and a debt-to-equity ratio of 0.27. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 32.15 and a beta of 1.24. The business has a fifty day simple moving average of $284.24 and a 200-day simple moving average of $310.39. Kadant Inc has a 52 week low of $244.87 and a 52 week high of $420.74.

Kadant (NYSE:KAI) last issued its earnings results on Tuesday, October 28th. The industrial products company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.41. The firm had revenue of $271.57 million for the quarter, compared to analysts’ expectations of $260.17 million. Kadant had a return on equity of 11.97% and a net margin of 9.96%.The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.84 earnings per share. Kadant has set its Q4 2025 guidance at 2.050-2.250 EPS. FY 2025 guidance at 9.050-9.250 EPS. On average, equities research analysts expect that Kadant Inc will post 9.97 EPS for the current year.

Kadant Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 5th. Investors of record on Thursday, January 8th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, January 8th. Kadant’s dividend payout ratio is 15.72%.

Wall Street Analyst Weigh In

KAI has been the topic of several analyst reports. DA Davidson raised their price objective on Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Barrington Research reiterated an “outperform” rating and set a $380.00 target price on shares of Kadant in a research report on Monday, October 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kadant in a report on Tuesday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Kadant has a consensus rating of “Hold” and an average target price of $340.00.

Insider Buying and Selling

In related news, Director Erin L. Russell sold 1,435 shares of the firm’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 transaction, 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. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rebecca Martinez O’mara sold 699 shares of Kadant stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $266.91, for a total transaction of $186,570.09. Following the transaction, the director directly 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 SEC filing for this sale provides additional information. 1.40% of the stock is currently owned by corporate insiders.

Kadant Company 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.