Key Points
- Kadant SVP Stacy Krause sold 1,227 shares on May 27 at an average price of $334.17, totaling about $410,027. After the sale, Krause retained 1,363 shares, representing a 47.37% reduction in ownership.
- Kadant recently beat quarterly expectations, reporting EPS of $2.84 versus the $2.11 consensus and revenue of $281.51 million versus $274.95 million expected. Revenue rose 17.9% year over year, and the company lifted its full-year and Q2 2026 guidance.
- The company also announced shareholder-friendly actions, including a quarterly dividend of $0.36 per share and a new $50 million stock buyback authorization. Institutional ownership remains very high at 96.13% of shares outstanding.
Kadant Inc (NYSE:KAI - Get Free Report) SVP Stacy Krause sold 1,227 shares of the firm's stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $334.17, for a total transaction of $410,026.59. Following the completion of the sale, the senior vice president owned 1,363 shares in the company, valued at approximately $455,473.71. The trade was a 47.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Kadant Stock Performance
NYSE:KAI opened at $333.38 on Thursday. The stock has a market cap of $3.94 billion, a P/E ratio of 38.01 and a beta of 1.19. The company has a current ratio of 2.47, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The stock's 50-day moving average is $313.33 and its 200-day moving average is $308.49. Kadant Inc has a 1-year low of $244.87 and a 1-year high of $369.97.
Kadant (NYSE:KAI - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.73. The company had revenue of $281.51 million for the quarter, compared to analysts' expectations of $274.95 million. Kadant had a return on equity of 12.13% and a net margin of 9.45%.The business's quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $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. Equities research analysts anticipate that Kadant Inc will post 12.5 earnings per share for the current year.
Kadant Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Thursday, July 16th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, July 16th. Kadant's payout ratio is 16.42%.
Kadant announced that its board has authorized a stock buyback program on Thursday, May 21st that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 1.4% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.
Institutional Investors Weigh In On Kadant
Several institutional investors and hedge funds have recently made changes to their positions in the stock. M&T Bank Corp raised its position in shares of 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 raised its position in shares of Kadant by 56.5% in the 4th quarter. Capital World Investors now owns 494,773 shares of the industrial products company's stock worth $141,020,000 after acquiring an additional 178,563 shares in the last quarter. Norges Bank bought a new position in shares of Kadant in the 4th quarter worth about $42,985,000. Wasatch Advisors LP raised its position in shares of Kadant by 13.7% in the 1st quarter. Wasatch Advisors LP now owns 1,038,548 shares of the industrial products company's stock worth $303,619,000 after acquiring an additional 125,342 shares in the last quarter. Finally, Riverbridge Partners LLC raised its position in shares of Kadant by 43.4% in the 1st quarter. Riverbridge Partners LLC now owns 252,230 shares of the industrial products company's stock worth $73,739,000 after acquiring an additional 76,366 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on KAI shares. DA Davidson set a $303.00 price target on Kadant in a report on Friday, February 20th. Wall Street Zen upgraded Kadant from a "hold" rating to a "buy" rating in a report on Saturday, May 9th. Weiss Ratings upgraded Kadant from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, May 14th. Zacks Research cut Kadant from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Finally, Barrington Research reissued an "outperform" rating and issued a $380.00 price target on shares of Kadant in a research note on Monday, May 4th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $341.50.
View Our Latest Report on KAI
About Kadant
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
