Kadant
About: Kadant Inc. supplies process and engineering equipment for papermaking, recycling, lumber manufacturing, and related industries. The company's three reportable segments are the Flow Control segment which consists of the fluid-handling and doctoring, cleaning, & filtration product lines; the Industrial Processing segment which consists of the wood processing and stock-preparation product lines; and Material handling systems, which provides conveyor-belt equipment for industries such as mining, food processing, and packaging. The company has a geographic presence with sizable revenue from the U.S., Europe, Asia, and Canada.
Employees: 3,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
134% more call options, than puts
Call options by funds: $2.82M | Put options by funds: $1.2M
42% more repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 71
5.23% more ownership
Funds ownership: 102.28% [Q1] → 107.51% (+5.23%) [Q2]
10% less first-time investments, than exits
New positions opened: 38 | Existing positions closed: 42
2% less funds holding
Funds holding: 259 [Q1] → 255 (-4) [Q2]
6% less capital invested
Capital invested by funds: $3.93B [Q1] → $3.71B (-$225M) [Q2]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barrington Research Gary Prestopino 61% 1-year accuracy 59 / 97 met price target | 8%upside $360 | Outperform Maintained | 20 Sept 2024 |
DA Davidson Kurt Yinger 83% 1-year accuracy 5 / 6 met price target | 10%downside $300 | Neutral Maintained | 1 Aug 2024 |