Kadant’s (KAI) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Kadant (NYSE:KAI) in a research report report published on Tuesday,Benzinga reports. They currently have a $380.00 target price on the industrial products company’s stock.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Kadant in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $337.50.

Kadant Stock Performance

KAI opened at $330.55 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 1.60 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $303.40 and its 200-day moving average is $305.03. The stock has a market cap of $3.89 billion, a PE ratio of 38.21 and a beta of 1.25. Kadant has a twelve month low of $244.87 and a twelve month high of $409.73.

Kadant Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 5th. Investors of record on Thursday, January 8th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, January 8th. Kadant’s payout ratio is presently 15.72%.

Insider Transactions at Kadant

In related news, Director Rebecca Martinez O’mara sold 699 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were 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. The trade was a 37.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Erin L. Russell sold 1,435 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $282.36, for a total transaction of $405,186.60. Following the sale, the director owned 3,066 shares of the company’s stock, valued at $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. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kadant

A number of institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC grew its holdings in shares of Kadant by 102.3% in the 4th quarter. CWM LLC now owns 87 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 44 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in Kadant by 1,300.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 84 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 78 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Kadant during the 2nd quarter worth about $27,000. Danske Bank A S purchased a new stake in Kadant during the fourth quarter valued at about $29,000. Finally, First Horizon Corp acquired a new position in shares of Kadant in the third quarter worth about $30,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

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.