Kadant (NYSE:KAI) Announces Earnings Results

Kadant (NYSE:KAI) issued its earnings results on Wednesday. The industrial products company reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.17, Zacks reports. Kadant had a return on equity of 15.10% and a net margin of 11.12%. Kadant updated its Q1 2025 guidance to 1.850-2.050 EPS and its FY 2025 guidance to 9.700-10.050 EPS.

Kadant Stock Down 1.6 %

Shares of NYSE:KAI traded down $6.00 on Wednesday, reaching $358.35. The company had a trading volume of 102,252 shares, compared to its average volume of 90,555. The firm has a market capitalization of $4.21 billion, a PE ratio of 36.68 and a beta of 1.29. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.37. Kadant has a 52-week low of $249.51 and a 52-week high of $429.95. The firm’s 50 day simple moving average is $365.70 and its 200-day simple moving average is $348.63.

Kadant Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 6th. Shareholders of record on Friday, January 10th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.28 dividend on an annualized basis and a yield of 0.36%. Kadant’s dividend payout ratio is currently 13.10%.

Analyst Upgrades and Downgrades

Separately, Barrington Research upped their price objective on shares of Kadant from $360.00 to $410.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

Insider Buying and Selling

In other Kadant news, Director Thomas C. Leonard sold 152 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $398.21, for a total value of $60,527.92. Following the completion of the sale, the director now directly owns 4,250 shares in the company, valued at $1,692,392.50. This trade represents a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Fredrik H. Westerhout sold 600 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $397.25, for a total value of $238,350.00. Following the transaction, the vice president now directly owns 1,437 shares in the company, valued at approximately $570,848.25. The trade was a 29.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,052 shares of company stock worth $416,655 in the last three months. 1.40% of the stock is owned by insiders.

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.