SG Americas Securities LLC Has $760,000 Holdings in Kadant Inc $KAI

SG Americas Securities LLC trimmed its position in shares of Kadant Inc (NYSE:KAI) by 60.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,553 shares of the industrial products company’s stock after selling 3,852 shares during the period. SG Americas Securities LLC’s holdings in Kadant were worth $760,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in shares of Kadant during the 2nd quarter worth about $40,019,000. Champlain Investment Partners LLC increased its position in Kadant by 54.6% in the 2nd quarter. Champlain Investment Partners LLC now owns 248,632 shares of the industrial products company’s stock worth $78,928,000 after buying an additional 87,832 shares during the period. Wasatch Advisors LP increased its position in Kadant by 3.6% in the 2nd 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 period. Bank of America Corp DE lifted its holdings in shares of Kadant by 23.8% during the second quarter. Bank of America Corp DE now owns 147,463 shares of the industrial products company’s stock worth $46,812,000 after buying an additional 28,380 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Kadant by 90.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 59,244 shares of the industrial products company’s stock valued at $19,266,000 after acquiring an additional 28,099 shares during the period. 96.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Kadant news, Director Rebecca Martinez O’mara sold 699 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $266.91, for a total value of $186,570.09. Following the sale, the director directly owned 1,141 shares in the company, valued at $304,544.31. This represents a 37.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Erin L. Russell sold 1,435 shares of Kadant stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $282.36, for a total value of $405,186.60. Following 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 SEC filing for this sale provides additional information. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on KAI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kadant in a research report on Monday, December 29th. Barrington Research restated an “outperform” rating and set a $380.00 price objective on shares of Kadant in a report on Monday, October 27th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kadant has a consensus rating of “Hold” and an average price target of $340.00.

Kadant Stock Down 2.2%

KAI opened at $317.89 on Wednesday. The company has a market capitalization of $3.74 billion, a P/E ratio of 36.75 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.45 and a quick ratio of 1.60. The firm’s fifty day moving average price is $288.57 and its two-hundred day moving average price is $304.94. Kadant Inc has a fifty-two week low of $244.87 and a fifty-two week high of $409.73.

Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, October 28th. The industrial products company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.41. Kadant had a net margin of 9.96% and a return on equity of 11.97%. The company had revenue of $271.57 million during the quarter, compared to the consensus estimate of $260.17 million. During the same period last year, the firm earned $2.84 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. 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, analysts anticipate that Kadant Inc will post 9.97 EPS for the current year.

Kadant Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 5th. Stockholders of record on Thursday, January 8th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Thursday, January 8th. Kadant’s dividend payout ratio is currently 15.72%.

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.