Kadant Inc $KAI Shares Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P raised its stake in Kadant Inc (NYSE:KAI) by 3.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 87,644 shares of the industrial products company’s stock after buying an additional 3,141 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Kadant were worth $27,823,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KAI. Maryland State Retirement & Pension System increased its stake in Kadant by 1.0% in the 2nd quarter. Maryland State Retirement & Pension System now owns 3,461 shares of the industrial products company’s stock valued at $1,099,000 after purchasing an additional 34 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in Kadant by 1.6% in the second quarter. Sheets Smith Wealth Management now owns 2,360 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 38 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Kadant by 5.6% in the first quarter. Cetera Investment Advisers now owns 760 shares of the industrial products company’s stock valued at $256,000 after buying an additional 40 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Kadant by 0.3% during the 2nd quarter. Blair William & Co. IL now owns 11,673 shares of the industrial products company’s stock worth $3,706,000 after buying an additional 40 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Kadant by 5.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 879 shares of the industrial products company’s stock worth $290,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Insiders Place Their Bets

In related news, Director Rebecca Martinez O’mara sold 699 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $266.91, for a total value of $186,570.09. Following the completion of the transaction, the director directly owned 1,141 shares in the company, valued at approximately $304,544.31. This represents a 37.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Erin L. Russell sold 1,435 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was 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 in the company, valued at approximately $865,715.76. The trade was a 31.88% 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.

Kadant Price Performance

Kadant stock opened at $278.12 on Friday. The stock has a market capitalization of $3.28 billion, a P/E ratio of 32.15 and a beta of 1.24. Kadant Inc has a 12-month low of $244.87 and a 12-month high of $420.74. The company has a debt-to-equity ratio of 0.27, a current ratio of 9.39 and a quick ratio of 1.53. The firm’s 50-day moving average is $284.24 and its two-hundred day moving average is $310.39.

Kadant (NYSE:KAI) last posted its quarterly earnings data 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 business had revenue of $271.57 million during the quarter, compared to analyst estimates of $260.17 million. Kadant had a net margin of 9.96% and a return on equity of 11.97%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. Equities analysts predict that Kadant Inc will post 9.97 earnings per share for the current year.

Kadant Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kadant in a research note on Tuesday. DA Davidson increased their price target on shares of Kadant from $275.00 to $300.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Barrington Research reissued an “outperform” rating and set a $380.00 price objective on shares of Kadant in a research note on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $340.00.

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.