Brown Advisory Inc. Sells 12,379 Shares of Kadant Inc $KAI

Brown Advisory Inc. lowered its position in Kadant Inc (NYSE:KAI) by 6.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 173,405 shares of the industrial products company’s stock after selling 12,379 shares during the period. Brown Advisory Inc.’s holdings in Kadant were worth $55,047,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KAI. Amundi raised its position in Kadant by 10.2% in the 2nd quarter. Amundi now owns 20,866 shares of the industrial products company’s stock worth $7,026,000 after purchasing an additional 1,928 shares during the period. Quantbot Technologies LP grew its stake in shares of Kadant by 16.2% during the second quarter. Quantbot Technologies LP now owns 12,746 shares of the industrial products company’s stock valued at $4,046,000 after buying an additional 1,777 shares during the last quarter. Grandeur Peak Global Advisors LLC purchased a new stake in shares of Kadant in the second quarter worth approximately $5,066,000. New York State Common Retirement Fund lifted its stake in shares of Kadant by 10.8% during the 2nd quarter. New York State Common Retirement Fund now owns 4,099 shares of the industrial products company’s stock worth $1,301,000 after acquiring an additional 400 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its holdings in Kadant by 3.7% during the 2nd quarter. Loomis Sayles & Co. L P now owns 87,644 shares of the industrial products company’s stock valued at $27,823,000 after acquiring an additional 3,141 shares during the period. 96.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KAI has been the subject of several research analyst reports. 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Kadant in a report on Monday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $340.00.

Kadant Stock Performance

KAI stock opened at $288.48 on Friday. Kadant Inc has a one year low of $244.87 and a one year high of $420.74. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 33.35 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.60 and a current ratio of 2.45. The firm has a 50-day simple moving average of $282.37 and a two-hundred day simple moving average of $309.18.

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

Kadant Dividend Announcement

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 given a dividend of $0.34 per share. The ex-dividend date of this dividend is Thursday, January 8th. This represents a $1.36 dividend on an annualized basis and a yield of 0.5%. Kadant’s dividend payout ratio (DPR) is currently 15.72%.

Insider Activity at Kadant

In other Kadant news, Director Erin L. Russell sold 1,435 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 3,066 shares of the company’s stock, valued at approximately $865,715.76. The trade was a 31.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rebecca Martinez O’mara sold 699 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $266.91, for a total transaction of $186,570.09. Following the sale, the director directly owned 1,141 shares in the company, valued at $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. Insiders own 1.40% of the company’s stock.

Kadant 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.