Kadant FY2024 EPS Estimate Lifted by Barrington Research

Kadant Inc. (NYSE:KAI) – Investment analysts at Barrington Research increased their FY2024 earnings per share (EPS) estimates for Kadant in a research note issued on Thursday, October 31st. Barrington Research analyst G. Prestopino now anticipates that the industrial products company will post earnings of $10.03 per share for the year, up from their prior forecast of $9.82. Barrington Research currently has a “Outperform” rating and a $360.00 target price on the stock. The consensus estimate for Kadant’s current full-year earnings is $9.99 per share. Barrington Research also issued estimates for Kadant’s Q3 2025 earnings at $3.07 EPS and FY2025 earnings at $10.80 EPS.

Separately, DA Davidson upped their target price on Kadant from $290.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st.

Kadant Stock Up 1.8 %

KAI stock opened at $349.69 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.25 and a quick ratio of 1.40. The stock has a market capitalization of $4.11 billion, a P/E ratio of 35.79 and a beta of 1.21. The business has a 50-day moving average of $323.77 and a 200-day moving average of $306.11. Kadant has a fifty-two week low of $242.07 and a fifty-two week high of $363.40.

Kadant (NYSE:KAI) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.41. Kadant had a return on equity of 15.41% and a net margin of 11.12%. The business had revenue of $271.61 million during the quarter, compared to analysts’ expectations of $266.38 million. During the same period in the previous year, the firm earned $2.69 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new position in shares of Kadant in the 3rd quarter valued at about $25,000. Opal Wealth Advisors LLC bought a new stake in Kadant in the 2nd quarter valued at about $29,000. Park Place Capital Corp increased its position in Kadant by 68.6% in the 3rd quarter. Park Place Capital Corp now owns 204 shares of the industrial products company’s stock valued at $69,000 after buying an additional 83 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Kadant in the 3rd quarter valued at about $74,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Kadant by 226.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 274 shares of the industrial products company’s stock valued at $80,000 after buying an additional 190 shares in the last quarter. 96.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Thomas C. Leonard sold 2,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $337.40, for a total transaction of $674,800.00. Following the sale, the director now owns 4,250 shares in the company, valued at $1,433,950. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Kadant Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 7th. Stockholders of record on Thursday, October 10th will be paid a $0.32 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.28 annualized dividend and a dividend yield of 0.37%. Kadant’s payout ratio is 13.10%.

About Kadant

Kadant Inc supplies technologies and engineered systems worldwide. It operates in three segments: Flow Control, Industrial Processing, and Material Handling. The Flow Control segment develops, manufactures, and markets fluid-handling systems and equipment, such as rotary joints, syphons, turbulator bars, expansion joints, and engineered steam and condensate systems; and doctoring, cleaning, and filtration systems and related consumables consisting of doctor systems and holders, doctor blades, cleaning shower and fabric-conditioning systems, forming systems and wear surfaces, and water-filtration systems.