Kadant Inc $KAI Shares Sold by Dudley & Shanley Inc.

Dudley & Shanley Inc. cut its holdings in Kadant Inc (NYSE:KAI) by 3.9% in the third quarter, HoldingsChannel reports. The firm owned 72,782 shares of the industrial products company’s stock after selling 2,953 shares during the period. Kadant accounts for approximately 3.0% of Dudley & Shanley Inc.’s portfolio, making the stock its 18th biggest holding. Dudley & Shanley Inc.’s holdings in Kadant were worth $19,034,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Kadant in the second quarter worth about $33,000. Public Employees Retirement System of Ohio bought a new position in Kadant in the second quarter worth $35,000. Parallel Advisors LLC lifted its holdings in shares of Kadant by 79.2% during the 1st quarter. Parallel Advisors LLC now owns 172 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 76 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Kadant during the second quarter valued at approximately $101,000. Finally, Strs Ohio raised its stake in Kadant by 100.0% during the first quarter. Strs Ohio now owns 400 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 96.13% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on KAI shares. Weiss Ratings downgraded Kadant from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 18th. DA Davidson raised their price objective on shares of Kadant from $306.00 to $335.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised shares of Kadant from a “hold” rating to a “buy” rating in a research report on Saturday, September 12th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $357.50.

Kadant Price Performance

Shares of NYSE KAI traded down $1.19 during mid-day trading on Tuesday, reaching $265.95. The company had a trading volume of 38,014 shares, compared to its average volume of 154,964. The business’s 50-day simple moving average is $298.11 and its 200 day simple moving average is $305.47. Kadant Inc has a one year low of $244.87 and a one year high of $354.07. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.63 and a current ratio of 2.59. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 28.60 and a beta of 1.21.

Kadant (NYSE:KAI) last released its quarterly earnings data on Tuesday, August 4th. The industrial products company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $2.94 by $0.48. The business had revenue of $312.88 million for the quarter, compared to analyst estimates of $299.17 million. Kadant had a return on equity of 13.16% and a net margin of 9.52%.Kadant’s revenue was up 22.6% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. Kadant has set its FY 2026 guidance at 12.430-12.680 EPS and its Q3 2026 guidance at 2.900-3.000 EPS. On average, research analysts predict that Kadant Inc will post 12.56 earnings per share for the current fiscal year.

Kadant Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Stockholders of record on Thursday, October 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, October 15th. Kadant’s dividend payout ratio is currently 15.48%.

About Kadant

Kadant Inc (NYSE: KAI) is a global supplier of technologies and equipment used in the manufacturing, processing, and handling of industrial materials. The company primarily serves the pulp and paper industry, while also providing products for other process industries.

Kadant’s products include equipment for stock preparation, fiber processing, paper-machine cleaning and doctoring, water-management systems, filtration, fluid handling, drying, and material conveying. Its solutions are designed to improve production efficiency, manage water and process fluids, recover and recycle materials, and support the operation of paper and other industrial processing facilities.

The company serves customers through operations and sales channels in North America, Europe, Asia, and other international markets.