Neuberger Berman Group LLC Decreases Holdings in Kadant Inc $KAI

Neuberger Berman Group LLC decreased its position in Kadant Inc (NYSE:KAI) by 13.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,351 shares of the industrial products company’s stock after selling 64,865 shares during the quarter. Neuberger Berman Group LLC’s holdings in Kadant were worth $127,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of KAI. Kestra Investment Management LLC bought a new position in Kadant during the second quarter valued at approximately $27,000. First Horizon Corp bought a new stake in shares of Kadant in the 3rd quarter worth approximately $30,000. Root Financial Partners LLC purchased a new stake in shares of Kadant in the 3rd quarter valued at $35,000. Huntington National Bank boosted its stake in shares of Kadant by 148.0% in the 2nd quarter. Huntington National Bank now owns 124 shares of the industrial products company’s stock valued at $39,000 after purchasing an additional 74 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Kadant by 278.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 189 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 139 shares during the last quarter. 96.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. DA Davidson set a $303.00 target price on shares of Kadant in a research report on Friday, February 20th. Barrington Research restated an “outperform” rating and set a $380.00 price target on shares of Kadant in a research report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Kadant currently has an average rating of “Hold” and a consensus target price of $341.50.

Kadant Stock Down 4.2%

NYSE KAI opened at $331.16 on Friday. Kadant Inc has a 1 year low of $244.87 and a 1 year high of $381.73. The stock has a market capitalization of $3.90 billion, a PE ratio of 38.28 and a beta of 1.22. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 5.22. The business’s 50-day moving average is $323.83 and its 200 day moving average is $305.17.

Kadant (NYSE:KAI) last released its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.61. Kadant had a return on equity of 11.57% and a net margin of 9.69%.The business had revenue of $286.20 million during the quarter, compared to analyst estimates of $274.43 million. During the same quarter in the prior year, the company posted $2.25 EPS. Kadant’s quarterly revenue was up 10.9% compared to the same quarter last year. Kadant has set its Q1 2026 guidance at 1.780-1.880 EPS and its FY 2026 guidance at 10.500-10.750 EPS. Sell-side analysts forecast that Kadant Inc will post 9.97 earnings per share for the current year.

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.