Kadant (NYSE:KAI)‘s stock had its “buy” rating reaffirmed by research analysts at Barrington Research in a research report issued to clients and investors on Monday. They presently have a $112.00 price target on the industrial products company’s stock. Barrington Research’s target price would indicate a potential upside of 3.85% from the stock’s previous close.

The analysts wrote, “We are reiterating our OUTPERFORM investment rating and price target of $112, based on the company‚Äôs strong parts and consumables revenue mix, solid free cash flow generation and sound capital allocation practices.””

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Kadant from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. ValuEngine downgraded Kadant from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.

KAI traded up $0.85 during midday trading on Monday, hitting $107.85. 1 shares of the company were exchanged, compared to its average volume of 45,936. The company has a market capitalization of $1.16 billion, a P/E ratio of 23.83 and a beta of 1.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.19 and a current ratio of 1.87. Kadant has a 1-year low of $89.40 and a 1-year high of $114.00.

Kadant (NYSE:KAI) last announced its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.07. The company had revenue of $154.90 million for the quarter, compared to the consensus estimate of $151.54 million. Kadant had a return on equity of 16.05% and a net margin of 6.15%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period last year, the firm earned $1.04 EPS. analysts forecast that Kadant will post 5.06 EPS for the current year.

In other news, CFO Michael J. Mckenney sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $103.00, for a total transaction of $515,000.00. Following the sale, the chief financial officer now directly owns 11,624 shares in the company, valued at approximately $1,197,272. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. PEAK6 Investments L.P. acquired a new stake in shares of Kadant during the 2nd quarter valued at about $207,000. Macquarie Group Ltd. grew its position in shares of Kadant by 8.1% during the 2nd quarter. Macquarie Group Ltd. now owns 562,255 shares of the industrial products company’s stock valued at $54,061,000 after acquiring an additional 42,172 shares during the period. Capital Fund Management S.A. grew its position in shares of Kadant by 40.0% during the 2nd quarter. Capital Fund Management S.A. now owns 5,600 shares of the industrial products company’s stock valued at $538,000 after acquiring an additional 1,600 shares during the period. Renaissance Technologies LLC grew its position in shares of Kadant by 37.4% during the 2nd quarter. Renaissance Technologies LLC now owns 240,800 shares of the industrial products company’s stock valued at $23,153,000 after acquiring an additional 65,600 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of Kadant during the 2nd quarter valued at about $644,000. Hedge funds and other institutional investors own 97.60% of the company’s stock.

Kadant Company Profile

Kadant Inc supplies equipment and critical components used in papermaking, paper recycling, recycling and waste management, and other process industries worldwide. The company operates in two segments, Papermaking Systems and Wood Processing Systems. The Papermaking Systems segment develops, manufactures, and markets custom-engineered stock-preparation systems and equipment for the preparation of wastepaper for conversion into recycled paper and balers, as well as related equipment used in the processing of recyclable and waste materials; and fluid-handling systems and equipment used in industrial piping systems to compensate for movement, as well as to transfer fluid, power, and data.

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