Kadant Inc $KAI Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC lifted its stake in Kadant Inc (NYSE:KAI) by 15.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 40,934 shares of the industrial products company’s stock after acquiring an additional 5,357 shares during the period. Aptus Capital Advisors LLC’s holdings in Kadant were worth $12,181,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KAI. Norges Bank purchased a new stake in Kadant in the 2nd quarter valued at $40,019,000. Champlain Investment Partners LLC raised its holdings in shares of Kadant by 54.6% in the second quarter. Champlain Investment Partners LLC now owns 248,632 shares of the industrial products company’s stock valued at $78,928,000 after buying an additional 87,832 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Kadant by 141.3% during the third quarter. JPMorgan Chase & Co. now owns 99,703 shares of the industrial products company’s stock worth $29,670,000 after buying an additional 58,382 shares during the period. Wasatch Advisors LP grew its holdings in shares of Kadant by 3.6% during the second quarter. Wasatch Advisors LP now owns 984,193 shares of the industrial products company’s stock worth $312,432,000 after buying an additional 34,561 shares during the last quarter. Finally, Bank of America Corp DE raised its stake 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 acquiring an additional 28,380 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors and hedge funds.

Kadant Trading Down 4.2%

Shares of KAI opened at $331.16 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 5.22. Kadant Inc has a 1-year low of $244.87 and a 1-year high of $381.73. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 38.28 and a beta of 1.22. The firm has a 50 day simple moving average of $323.83 and a 200-day simple moving average of $305.17.

Kadant (NYSE:KAI) last posted its quarterly earnings data on Wednesday, February 18th. The industrial products company reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.61. Kadant had a return on equity of 11.57% and a net margin of 9.69%.The firm had revenue of $286.20 million during the quarter, compared to analysts’ expectations of $274.43 million. During the same quarter last year, the business posted $2.25 EPS. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. Kadant has set its Q1 2026 guidance at 1.780-1.880 EPS and its FY 2026 guidance at 10.500-10.750 EPS. Equities analysts forecast that Kadant Inc will post 9.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. DA Davidson set a $303.00 target price on Kadant in a research note on Friday, February 20th. Barrington Research reaffirmed an “outperform” rating and set a $380.00 price objective on shares of Kadant in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kadant in a research report on Monday, December 29th. One 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 a consensus rating of “Hold” and a consensus price target of $341.50.

Kadant Company 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.