Barrington Research Expects Increased Earnings for Kadant

Kadant Inc. (NYSE:KAI) – Stock analysts at Barrington Research increased their FY2024 earnings estimates for Kadant in a research note issued to investors on Thursday, October 31st. Barrington Research analyst G. Prestopino now forecasts that the industrial products company will post earnings of $10.03 per share for the year, up from their prior forecast of $9.82. Barrington Research currently has a “Outperform” rating and a $360.00 target price on the stock. The consensus estimate for Kadant’s current full-year earnings is $9.99 per share. Barrington Research also issued estimates for Kadant’s Q3 2025 earnings at $3.07 EPS and FY2025 earnings at $10.80 EPS.

Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $2.84 EPS for the quarter, beating the consensus estimate of $2.43 by $0.41. Kadant had a return on equity of 15.41% and a net margin of 11.12%. The company had revenue of $271.61 million during the quarter, compared to the consensus estimate of $266.38 million. During the same quarter in the prior year, the firm posted $2.69 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year.

Separately, DA Davidson upped their price objective on shares of Kadant from $290.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, August 1st.

Kadant Price Performance

NYSE:KAI opened at $343.38 on Monday. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 35.15 and a beta of 1.21. Kadant has a 12-month low of $231.83 and a 12-month high of $363.40. The stock’s 50 day moving average price is $323.77 and its two-hundred day moving average price is $305.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KAI. Opal Wealth Advisors LLC acquired a new stake in shares of Kadant during the 2nd quarter worth approximately $29,000. Park Place Capital Corp raised its holdings in shares of Kadant by 68.6% in the 3rd quarter. Park Place Capital Corp now owns 204 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 83 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Kadant during the 3rd quarter valued at $74,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Kadant by 226.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 274 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 190 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Kadant by 31,600.0% during the 1st quarter. Covestor Ltd now owns 317 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 316 shares during the period. Institutional investors and hedge funds own 96.13% of the company’s stock.

Insider Activity

In related news, Director Thomas C. Leonard sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $337.40, for a total value of $674,800.00. Following the completion of the transaction, the director now owns 4,250 shares of the company’s stock, valued at $1,433,950. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.40% of the company’s stock.

Kadant Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 7th. Shareholders of record on Thursday, October 10th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.28 annualized dividend and a yield of 0.37%. Kadant’s dividend payout ratio is presently 13.10%.

About Kadant

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.