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

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have received an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $41.25.

CDRE has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Stephens increased their price objective on Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Roth Mkm reissued a “buy” rating and issued a $43.00 price objective (up from $38.00) on shares of Cadre in a research note on Wednesday, March 6th. Raymond James downgraded Cadre from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. Finally, B. Riley reissued a “buy” rating and issued a $48.00 price objective (up from $40.00) on shares of Cadre in a research note on Wednesday, March 6th.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 1,438,127 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total value of $50,334,445.00. Following the transaction, the chief executive officer now directly owns 12,184,918 shares of the company’s stock, valued at approximately $426,472,130. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 49.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. New York State Teachers Retirement System grew its holdings in Cadre by 1,640.0% in the 1st quarter. New York State Teachers Retirement System now owns 1,740 shares of the company’s stock valued at $63,000 after buying an additional 1,640 shares during the last quarter. Covestor Ltd grew its holdings in Cadre by 49,625.0% in the 3rd quarter. Covestor Ltd now owns 1,989 shares of the company’s stock valued at $53,000 after buying an additional 1,985 shares during the last quarter. Psagot Value Holdings Ltd. Israel grew its holdings in shares of Cadre by 635.3% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,169 shares of the company’s stock worth $72,000 after purchasing an additional 1,874 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Cadre by 992.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company’s stock worth $75,000 after purchasing an additional 2,074 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cadre by 56.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,944 shares of the company’s stock worth $105,000 after purchasing an additional 1,424 shares in the last quarter. 43.95% of the stock is owned by institutional investors.

Cadre Trading Down 1.6 %

NYSE:CDRE opened at $33.37 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 2.58 and a debt-to-equity ratio of 0.65. Cadre has a 1-year low of $19.13 and a 1-year high of $39.81. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 1.75 and a beta of 1.33. The stock has a fifty day simple moving average of $35.34 and a 200 day simple moving average of $33.17.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.11. Cadre had a return on equity of 21.85% and a net margin of 8.01%. The business had revenue of $124.58 million during the quarter, compared to analyst estimates of $122.30 million. Sell-side analysts forecast that Cadre will post 1.18 earnings per share for the current year.

Cadre Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be paid a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, May 2nd. Cadre’s dividend payout ratio (DPR) is presently 34.31%.

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.