Kadant Inc. (NYSE:KAI) Shares Purchased by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its stake in Kadant Inc. (NYSE:KAIGet Rating) by 6.8% in the first quarter, HoldingsChannel.com reports. The fund owned 11,758 shares of the industrial products company’s stock after purchasing an additional 750 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Kadant were worth $2,283,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Horan Securities Inc. bought a new position in shares of Kadant during the fourth quarter valued at approximately $25,000. USA Financial Portformulas Corp acquired a new position in shares of Kadant in the fourth quarter worth $33,000. Northwestern Mutual Wealth Management Co. acquired a new position in Kadant during the fourth quarter worth $69,000. Sageworth Trust Co of South Dakota bought a new stake in shares of Kadant in the fourth quarter valued at about $72,000. Finally, CWM LLC bought a new position in shares of Kadant in the fourth quarter valued at approximately $87,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on KAI. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Kadant in a report on Wednesday, May 4th. Barrington Research raised their price objective on Kadant from $240.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, May 5th. Finally, StockNews.com started coverage on shares of Kadant in a research report on Thursday, March 31st. They set a “buy” rating for the company.

Kadant Price Performance

KAI stock opened at $199.39 on Thursday. The stock has a market cap of $2.32 billion, a PE ratio of 21.42, a P/E/G ratio of 2.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.80 and a quick ratio of 1.14. Kadant Inc. has a one year low of $168.43 and a one year high of $240.47. The firm has a 50 day simple moving average of $184.62 and a two-hundred day simple moving average of $193.38.

Kadant (NYSE:KAIGet Rating) last released its earnings results on Tuesday, May 3rd. The industrial products company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.20. The firm had revenue of $226.48 million for the quarter, compared to the consensus estimate of $215.17 million. Kadant had a net margin of 12.93% and a return on equity of 17.88%. The company’s revenue was up 31.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. On average, analysts predict that Kadant Inc. will post 8.9 EPS for the current fiscal year.

Kadant Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Thursday, July 14th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, July 13th. This represents a $1.04 annualized dividend and a dividend yield of 0.52%. Kadant’s dividend payout ratio (DPR) is 11.17%.

Kadant Profile

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Kadant Inc supplies technologies and engineered systems worldwide. It operates through 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, shower and fabric-conditioning systems, formation systems, and water-filtration systems.

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Institutional Ownership by Quarter for Kadant (NYSE:KAI)

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