Cadre Holdings, Inc. (NYSE:CDRE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.6667.

A number of equities analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Cadre in a research report on Tuesday. Lake Street Capital lifted their target price on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Bank of America downgraded Cadre from a “neutral” rating to an “underperform” rating and cut their price target for the company from $38.00 to $26.00 in a report on Wednesday, August 13th. B. Riley reissued a “buy” rating on shares of Cadre in a research note on Thursday, November 6th. Finally, Roth Capital reiterated a “buy” rating and issued a $44.00 target price on shares of Cadre in a research note on Friday, October 10th.

Insider Activity

In related news, CEO Warren B. Kanders sold 86,903 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $39.00, for a total transaction of $3,389,217.00. Following the completion of the sale, the chief executive officer owned 10,129,289 shares of the company’s stock, valued at approximately $395,042,271. This represents a 0.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 31.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CDRE. Verition Fund Management LLC acquired a new position in Cadre in the 3rd quarter worth $743,000. Mariner LLC increased its position in shares of Cadre by 6.1% during the third quarter. Mariner LLC now owns 11,174 shares of the company’s stock worth $408,000 after acquiring an additional 643 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Cadre in the third quarter worth about $863,000. Fred Alger Management LLC boosted its holdings in Cadre by 2.9% in the third quarter. Fred Alger Management LLC now owns 424,980 shares of the company’s stock valued at $15,516,000 after purchasing an additional 11,841 shares during the last quarter. Finally, Brevan Howard Capital Management LP purchased a new position in Cadre in the third quarter valued at about $299,000. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Trading Down 0.9%

Shares of CDRE opened at $42.68 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.58. Cadre has a 1-year low of $27.07 and a 1-year high of $46.64. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 38.11, a price-to-earnings-growth ratio of 1.54 and a beta of 1.36. The firm has a 50 day simple moving average of $40.53 and a 200-day simple moving average of $35.31.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $155.87 million during the quarter, compared to the consensus estimate of $158.96 million. Cadre had a return on equity of 13.94% and a net margin of 7.33%.Cadre’s revenue was up 42.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 earnings per share. Cadre has set its FY 2025 guidance at EPS. Equities analysts forecast that Cadre will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, October 31st were issued a $0.095 dividend. The ex-dividend date was Friday, October 31st. This represents a $0.38 dividend on an annualized basis and a yield of 0.9%. Cadre’s dividend payout ratio (DPR) is presently 33.93%.

Cadre Company Profile

Cadre Holdings, Inc manufactures and distributes safety that provides protection to users in hazardous or life-threatening situations in the United States and internationally. The company operates in two segments, Products and Distribution. It offers body armor product, such as concealable, corrections, and tactical armor under the Safariland and Protech Tactical brand names; survival suits, remotely operated vehicles, specialty tools, blast sensors, accessories, and vehicle blast attenuation seats for bomb safety technicians; bomb suits; duty gear, including belts and accessories; and other protective equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.