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WESTFORD, MA—Thomas Andrew Blanchard, Vice President at Kadant Inc . (NYSE:KAI), a $4 billion market cap industrial company with strong financial health according to InvestingPro analysis, has sold a portion of his holdings in the company. According to a recent SEC filing, Blanchard sold 325 shares of Kadant common stock on March 19, 2025. The shares were sold at a weighted average price of $341.5924, with actual sale prices ranging from $341.5168 to $341.77 per share. This transaction totaled approximately $111,017. The stock, which has maintained dividend payments for 13 consecutive years with a recent 17% dividend growth, currently trades at a premium valuation with a P/E ratio of 36x.
Following the sale, Blanchard retains direct ownership of 1,902 shares of Kadant stock. The transaction was executed under a power of attorney by Stacy D. Krause, as indicated in the filing. Get comprehensive insider trading analysis and 12+ additional exclusive insights with InvestingPro’s detailed research report.
In other recent news, Kadant Inc. reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $2.25, compared to the forecasted $2.08. The company’s revenue also exceeded predictions, coming in at $258 million against an expected $257.85 million. Kadant has also announced an increase in its quarterly dividend to $0.34 per share, indicating a focus on delivering value to shareholders. Additionally, Kadant will join the S&P SmallCap 600 index, replacing Inari Medical (TASE:BLWV) Inc., which is expected to boost the company’s visibility and potentially increase demand for its stock.
In terms of analyst ratings, DA Davidson maintained a Neutral rating on Kadant with a price target of $300, following discussions at their Best-of-Breed Bison Conference. The firm is monitoring Kadant’s visibility in the capital equipment business as a potential indicator for future growth. Kadant’s recent performance in aftermarket parts sales has been strong, contributing significantly to its total revenue. These developments reflect Kadant’s strategic positioning and the market’s positive reception to its financial results and upcoming index inclusion.
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