Cadre Holdings, Inc. (NYSE:CDRE) Plans $0.09 Quarterly Dividend

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Stockholders of record on Friday, May 3rd will be given a dividend of 0.0875 per share on Friday, May 17th. 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 has a payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cadre to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 26.3%.

Cadre Price Performance

CDRE opened at $33.37 on Wednesday. The stock has a 50-day moving average price of $35.34 and a 200-day moving average price of $33.17. Cadre has a 12-month low of $19.13 and a 12-month high of $39.81. The company has a current ratio of 2.58, a quick ratio of 1.73 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.25 billion, a P/E ratio of 32.72, a PEG ratio of 1.79 and a beta of 1.32.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, March 5th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.11. The company had revenue of $124.58 million during the quarter, compared to analysts’ expectations of $122.30 million. Cadre had a return on equity of 21.85% and a net margin of 8.01%. Equities analysts predict that Cadre will post 1.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CDRE shares. Stephens increased their target price on Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Raymond James cut Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. B. Riley reaffirmed a “buy” rating and set a $48.00 price target (up previously from $40.00) on shares of Cadre in a research report on Wednesday, March 6th. Stifel Nicolaus upped their price target on Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 6th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $43.00 price target (up previously from $38.00) on shares of Cadre in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Cadre currently has a consensus rating of “Moderate Buy” and an average target price of $41.25.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 1,438,127 shares of the 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 completion of the transaction, the chief executive officer now owns 12,184,918 shares of the company’s stock, valued at approximately $426,472,130. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 49.20% of the company’s stock.

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.