Kadant (KAI)

• Market cap: $4.31B
• 1 day: 0.01%
• 5 days: 9.40%
• 1 month: 3.61%
• 3 months: 9.67%
• 6 months: 8.12%
• Year to date: 5.77%
• 1 year: 40.55%
• 5 years: 226.25%
• 10 years: 797.38%
• Sector: Industrials
• Industry: Special Industry Machinery, Except Metalworking Machinery

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 Q3 regulatory filings by fund managers ($100M+ AUM)

96% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 23

16% more capital invested

Capital invested by funds: $3.75B [Q2] → $4.35B (+$596M) [Q3]

7% more funds holding

Funds holding: 256 [Q2] → 275 (+19) [Q3]

0.66% more ownership

Funds ownership: 108.8% [Q2] → 109.46% (+0.66%) [Q3]

8% less repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 92

42% less call options, than puts

Call options by funds: $2.84M | Put options by funds: $4.9M

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $410 12% upside
• Avg. target: $410 12% upside
• High target: $410 12% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Barrington Research Gary Prestopino 64% 1-year accuracy 85 / 133 met price target

12% upside $410

Outperform Maintained

19 Dec 2024