Grandeur Peak Global Advisors LLC Acquires New Position in Kadant Inc $KAI

Grandeur Peak Global Advisors LLC bought a new position in Kadant Inc (NYSE:KAI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,959 shares of the industrial products company’s stock, valued at approximately $5,066,000. Grandeur Peak Global Advisors LLC owned about 0.14% of Kadant as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Maseco LLP bought a new stake in shares of Kadant during the second quarter valued at approximately $30,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Kadant in the 2nd quarter worth $31,000. Huntington National Bank raised its stake in shares of Kadant by 148.0% in the second quarter. Huntington National Bank now owns 124 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 74 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Kadant in the first quarter worth $54,000. Finally, Harbor Investment Advisory LLC lifted its holdings in shares of Kadant by 55.4% during the second quarter. Harbor Investment Advisory LLC now owns 174 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Kadant Price Performance

Shares of Kadant stock opened at $278.12 on Friday. The stock has a market cap of $3.28 billion, a P/E ratio of 32.15 and a beta of 1.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.53 and a current ratio of 9.39. The stock’s fifty day moving average is $284.24 and its 200 day moving average is $310.39. Kadant Inc has a one year low of $244.87 and a one year high of $420.74.

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

Kadant Dividend Announcement

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

Insider Buying and Selling

In other news, Director Erin L. Russell sold 1,435 shares of the stock in a transaction 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 completion of the sale, the director directly owned 3,066 shares of the company’s stock, valued at $865,715.76. This represents a 31.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rebecca Martinez O’mara sold 699 shares of the firm’s stock in a transaction 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 sale, the director owned 1,141 shares in the company, valued at $304,544.31. The trade was a 37.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KAI shares. DA Davidson raised their target price on shares of Kadant from $275.00 to $300.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kadant in a research report on Tuesday. Finally, Barrington Research reissued an “outperform” rating and issued a $380.00 target price on shares of Kadant in a report on Monday, October 27th. One research 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, the company presently has an average rating of “Hold” and a consensus price target of $340.00.

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.