UBS Group AG Sells 31,749 Shares of Kadant Inc $KAI

UBS Group AG decreased its position in Kadant Inc (NYSE:KAI) by 27.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,724 shares of the industrial products company’s stock after selling 31,749 shares during the period. UBS Group AG’s holdings in Kadant were worth $23,578,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wasatch Advisors LP increased its position in Kadant by 3.6% during the second quarter. Wasatch Advisors LP now owns 984,193 shares of the industrial products company’s stock valued at $312,432,000 after acquiring an additional 34,561 shares during the last quarter. M&T Bank Corp increased its holdings in Kadant by 76,036.6% in the 4th quarter. M&T Bank Corp now owns 738,525 shares of the industrial products company’s stock worth $210,494,000 after acquiring an additional 737,555 shares in the last quarter. Capital World Investors increased its holdings in Kadant by 1.6% in the 3rd quarter. Capital World Investors now owns 316,210 shares of the industrial products company’s stock worth $94,098,000 after acquiring an additional 4,930 shares in the last quarter. Royce & Associates LP boosted its stake in Kadant by 12.8% in the 3rd quarter. Royce & Associates LP now owns 156,651 shares of the industrial products company’s stock worth $46,616,000 after purchasing an additional 17,747 shares during the period. Finally, Bank of America Corp DE grew its holdings in Kadant by 23.8% during the 2nd quarter. Bank of America Corp DE now owns 147,463 shares of the industrial products company’s stock valued at $46,812,000 after buying an additional 28,380 shares in the last quarter. Institutional investors own 96.13% of the company’s stock.

Kadant Price Performance

KAI opened at $339.00 on Monday. The business’s 50-day moving average is $316.47 and its two-hundred day moving average is $305.19. Kadant Inc has a 1 year low of $244.87 and a 1 year high of $369.97. The company has a debt-to-equity ratio of 0.36, a current ratio of 8.91 and a quick ratio of 5.18. The firm has a market capitalization of $4.00 billion, a PE ratio of 38.65 and a beta of 1.19.

Kadant (NYSE:KAI) last posted its earnings results on Tuesday, May 5th. The industrial products company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.11 by $0.73. The company had revenue of $281.51 million for the quarter, compared to analyst estimates of $274.95 million. Kadant had a return on equity of 12.13% and a net margin of 9.45%.The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Kadant has set its Q2 2026 guidance at 2.880-2.980 EPS and its FY 2026 guidance at 12.330-12.680 EPS. Research analysts anticipate that Kadant Inc will post 12.55 earnings per share for the current fiscal year.

Kadant Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.4%. This is an increase from Kadant’s previous quarterly dividend of $0.34. The ex-dividend date is Wednesday, April 15th. Kadant’s dividend payout ratio is currently 16.42%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KAI. DA Davidson set a $303.00 price objective on shares of Kadant in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kadant in a research report on Friday, March 27th. Zacks Research raised shares of Kadant from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Kadant from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Barrington Research reissued an “outperform” rating and set a $380.00 target price on shares of Kadant in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $341.50.

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.