KADANT INC
In the published model solve dated 2026-Q2, anchored at $302.24, KADANT INC (KAI) is priced for +23.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Kadant builds industrial process equipment and, more importantly, the parts and consumables that keep that equipment running, a razor-and-blade model where the recurring aftermarket revenue grew 11% in 2025 even as the lumpier capital-equipment side swung with customer spending. • The defining risk is the cyclicality of those capital projects, which the company says ⟦"tend to be variable and hard to predict"⟧, paired with a balance sheet now carrying acquisition-related debt after the recent K
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307 institutional managers reported holding KAI in 13F filings for the quarter ended 2026-03-31. 47 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 972k shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (5.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
KAI's share count grew 1.9% over the past five years. It pays a dividend, and has for 13 years running; the current rate is $1.36 a share annually. Cash returned over the past three years: $41.25M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at KAI over the trailing three years. Absence is a fact about the company, not a signal. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
KAI's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-10 | -6.7% | +7.6% |
| 2023-11-09 | +6.8% | +7.0% |
| 2024-02-28 | +12.0% | -21.3% |
| 2024-05-09 | -8.9% | +10.2% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
KAI's latest 8-K filings: 2026-08-04 (items 2.02, 7.01, 9.01); 2026-05-26 (items 5.07); 2026-05-05 (items 2.02, 7.01, 9.01); 2026-04-30 (items 7.01, 8.01, 9.01); 2026-02-23 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.