M&T Bank Corp Acquires 737,555 Shares of Kadant Inc $KAI

M&T Bank Corp grew its holdings in Kadant Inc (NYSE:KAI) by 76,036.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 738,525 shares of the industrial products company’s stock after acquiring an additional 737,555 shares during the period. Kadant accounts for approximately 0.6% of M&T Bank Corp’s holdings, making the stock its 29th largest position. M&T Bank Corp owned about 0.06% of Kadant worth $210,494,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KAI. AQR Capital Management LLC grew its position in Kadant by 11.2% in the first quarter. AQR Capital Management LLC now owns 2,763 shares of the industrial products company’s stock worth $931,000 after acquiring an additional 279 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Kadant by 8.6% in the first quarter. Integrated Wealth Concepts LLC now owns 907 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 72 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Kadant by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,985 shares of the industrial products company’s stock worth $2,353,000 after acquiring an additional 311 shares in the last quarter. United Services Automobile Association bought a new stake in Kadant in the first quarter worth approximately $255,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Kadant by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 30,974 shares of the industrial products company’s stock worth $10,435,000 after acquiring an additional 441 shares in the last quarter. 96.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. DA Davidson set a $303.00 price objective on shares of Kadant in a report on Friday, February 20th. Barrington Research reaffirmed an “outperform” rating and set a $380.00 price objective on shares of Kadant in a report on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kadant in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kadant has a consensus rating of “Hold” and a consensus target price of $341.50.

Kadant Price Performance

NYSE:KAI opened at $320.77 on Wednesday. The stock has a market cap of $3.79 billion, a P/E ratio of 37.08 and a beta of 1.26. Kadant Inc has a one year low of $244.87 and a one year high of $369.97. The company has a fifty day moving average price of $319.98 and a 200 day moving average price of $303.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.38 and a quick ratio of 1.47.

Kadant (NYSE:KAI) last released its earnings results on Wednesday, February 18th. The industrial products company reported $2.80 EPS for the quarter, beating the consensus estimate of $2.19 by $0.61. The firm had revenue of $286.20 million during the quarter, compared to analysts’ expectations of $274.43 million. Kadant had a net margin of 9.69% and a return on equity of 11.57%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 EPS. Kadant has set its Q1 2026 guidance at 1.780-1.880 EPS and its FY 2026 guidance at 10.500-10.750 EPS. Analysts anticipate that Kadant Inc will post 11.17 earnings per share for the current year.

Kadant Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, April 15th. This is an increase from Kadant’s previous quarterly dividend of $0.34. Kadant’s dividend payout ratio is currently 16.65%.

Kadant 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.