13,989 Shares in Kadant Inc $KAI Bought by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in shares of Kadant Inc (NYSE:KAI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,989 shares of the industrial products company’s stock, valued at approximately $4,396,000.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in Kadant by 11.2% in the first quarter. AQR Capital Management LLC now owns 2,763 shares of the industrial products company’s stock valued at $931,000 after buying an additional 279 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Kadant by 8.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 907 shares of the industrial products company’s stock worth $306,000 after buying an additional 72 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Kadant by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,985 shares of the industrial products company’s stock worth $2,353,000 after acquiring an additional 311 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Kadant in the 1st quarter worth approximately $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Kadant by 1.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,974 shares of the industrial products company’s stock valued at $10,435,000 after acquiring an additional 441 shares during the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kadant news, SVP Stacy D. Krause sold 1,227 shares of Kadant stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $334.17, for a total transaction of $410,026.59. Following the sale, the senior vice president owned 1,363 shares of the company’s stock, valued at $455,473.71. The trade was a 47.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by insiders.

Kadant Price Performance

NYSE KAI opened at $313.41 on Friday. The company has a 50-day moving average price of $312.58 and a two-hundred day moving average price of $316.45. Kadant Inc has a 52 week low of $244.87 and a 52 week high of $354.07. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 33.70 and a beta of 1.20. The company has a current ratio of 2.59, a quick ratio of 1.63 and a debt-to-equity ratio of 0.49.

Kadant (NYSE:KAI) last released its quarterly earnings results on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $2.94 by $0.48. The company had revenue of $312.88 million for the quarter, compared to analysts’ expectations of $299.17 million. Kadant had a return on equity of 13.16% and a net margin of 9.52%.The business’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.31 earnings per share. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. Analysts forecast that Kadant Inc will post 12.56 EPS for the current year.

Kadant announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 21st that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to purchase up to 1.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KAI. Weiss Ratings raised Kadant from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Wall Street Zen lowered shares of Kadant from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Barrington Research reissued an “outperform” rating and set a $380.00 target price on shares of Kadant in a report on Monday, May 4th. Zacks Research downgraded shares of Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, DA Davidson raised their price target on shares of Kadant from $306.00 to $335.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $357.50.

Kadant Profile

Kadant Inc, headquartered in Westford, Massachusetts, is a global supplier of high?value, critical components and engineered systems for the pulp and paper industry and other process industries. The company’s product portfolio spans stock preparation technologies, refiners and pulpers, fluid handling systems, and web?handling equipment designed to optimize the efficiency and quality of paper production. In addition to capital equipment, Kadant offers aftermarket services, including spare parts, maintenance programs and process optimization consulting, which together support long?term customer productivity and reliability.

Originally part of a larger industrial conglomerate, Kadant was established as an independent public company in 1991.