Barrington Research Boosts Earnings Estimates for Kadant

Kadant Inc. (NYSE:KAI) – Equities researchers at Barrington Research upped their FY2024 earnings estimates for Kadant in a report released on Thursday, October 31st. Barrington Research analyst G. Prestopino now expects that the industrial products company will earn $10.03 per share for the year, up from their previous forecast of $9.82. Barrington Research has a “Outperform” rating and a $360.00 price objective 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.

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

Kadant Stock Performance

NYSE:KAI opened at $343.38 on Monday. The firm’s fifty day simple moving average is $323.77 and its 200 day simple moving average is $305.97. The stock has a market cap of $4.03 billion, a P/E ratio of 35.15 and a beta of 1.21. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.42. Kadant has a twelve month low of $231.83 and a twelve month high of $363.40.

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

Institutional Investors Weigh In On Kadant

Large investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in Kadant during the second quarter valued at $29,000. Park Place Capital Corp boosted its position in shares of Kadant by 68.6% during the third quarter. Park Place Capital Corp now owns 204 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 83 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Kadant during the third quarter valued at about $74,000. Benjamin F. Edwards & Company Inc. grew its holdings in Kadant by 226.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 274 shares of the industrial products company’s stock valued at $80,000 after buying an additional 190 shares in the last quarter. Finally, Covestor Ltd increased its position in Kadant by 31,600.0% in the first quarter. Covestor Ltd now owns 317 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 316 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors.

Insider Activity

In other Kadant news, Director Thomas C. Leonard sold 2,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $337.40, for a total transaction of $674,800.00. Following the completion of the sale, the director now directly owns 4,250 shares in the company, valued at approximately $1,433,950. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Kadant Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Investors of record on Thursday, October 10th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, October 10th. Kadant’s payout ratio is 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.