Anderson Hoagland & Co. Acquires New Stake in Kadant Inc. (KAI)

Anderson Hoagland & Co. acquired a new position in Kadant Inc. (NYSE:KAI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,920 shares of the industrial products company’s stock, valued at approximately $896,000. Anderson Hoagland & Co. owned about 0.08% of Kadant at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Macquarie Group Ltd. increased its position in shares of Kadant by 12.7% in the third quarter. Macquarie Group Ltd. now owns 506,956 shares of the industrial products company’s stock worth $49,960,000 after purchasing an additional 57,222 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Kadant by 3.6% in the second quarter. Vanguard Group Inc. now owns 471,416 shares of the industrial products company’s stock worth $35,450,000 after purchasing an additional 16,174 shares during the last quarter. Northern Trust Corp increased its position in shares of Kadant by 9.1% in the second quarter. Northern Trust Corp now owns 290,388 shares of the industrial products company’s stock worth $21,836,000 after purchasing an additional 24,194 shares during the last quarter. State Street Corp increased its position in shares of Kadant by 1.3% in the second quarter. State Street Corp now owns 233,894 shares of the industrial products company’s stock worth $17,590,000 after purchasing an additional 2,895 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in shares of Kadant by 2.3% in the third quarter. Eagle Asset Management Inc. now owns 226,042 shares of the industrial products company’s stock worth $22,547,000 after purchasing an additional 5,164 shares during the last quarter. Institutional investors own 90.63% of the company’s stock.

KAI has been the topic of several research analyst reports. ValuEngine cut shares of Kadant from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Sidoti cut shares of Kadant from a “buy” rating to a “neutral” rating and set a $102.00 price objective on the stock. in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research cut shares of Kadant from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Kadant currently has an average rating of “Hold” and an average target price of $104.67.

Shares of Kadant Inc. (NYSE KAI) traded up $2.10 on Thursday, reaching $99.65. The company’s stock had a trading volume of 52,800 shares, compared to its average volume of 49,118. The stock has a market capitalization of $1,073.76, a price-to-earnings ratio of 29.48 and a beta of 1.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.65 and a current ratio of 2.35. Kadant Inc. has a 1-year low of $56.15 and a 1-year high of $114.00.

Kadant (NYSE:KAI) last issued its earnings results on Monday, October 30th. The industrial products company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.14 by $0.35. The business had revenue of $152.79 million during the quarter, compared to analyst estimates of $141.33 million. Kadant had a return on equity of 14.84% and a net margin of 8.17%. Kadant’s revenue for the quarter was up 44.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. equities research analysts anticipate that Kadant Inc. will post 4.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Shareholders of record on Thursday, January 11th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Wednesday, January 10th. Kadant’s dividend payout ratio is currently 24.85%.

In other Kadant news, VP Sandra L. Lambert sold 6,437 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $108.66, for a total value of $699,444.42. Following the completion of the sale, the vice president now owns 20,942 shares of the company’s stock, valued at $2,275,557.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jonathan W. Painter sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $103.82, for a total value of $2,076,400.00. Following the completion of the sale, the chief executive officer now directly owns 76,082 shares of the company’s stock, valued at approximately $7,898,833.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,256 shares of company stock valued at $5,450,550. 5.59% of the stock is owned by insiders.

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Kadant Company Profile

Kadant Inc is a supplier of equipment and components used in process industries. In addition, the Company manufactures granules made from papermaking by-products. Its segments include Papermaking Systems and Wood Processing Systems. The Company has a customer base, which includes paper and oriented strand board (OSB) manufacturers.

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Institutional Ownership by Quarter for Kadant (NYSE:KAI)

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