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

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

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

Insider Buying and Selling

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 12,184,918 shares in the company, valued at approximately $426,472,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 49.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cadre

A number of institutional investors have recently modified their holdings of CDRE. Covestor Ltd boosted its position in Cadre by 49,625.0% during the third quarter. Covestor Ltd now owns 1,989 shares of the company’s stock valued at $53,000 after acquiring an additional 1,985 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of 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 purchasing an additional 1,640 shares during the period. Psagot Value Holdings Ltd. Israel boosted its position 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 valued at $72,000 after purchasing an additional 1,874 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Cadre by 992.3% during the fourth 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cadre by 56.5% in the third 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 Stock Performance

CDRE opened at $34.38 on Wednesday. The firm has a market cap of $1.40 billion, a P/E ratio of 33.70, a price-to-earnings-growth ratio of 1.80 and a beta of 1.35. The business’s fifty day moving average is $35.19 and its 200-day moving average is $33.35. Cadre has a 52-week low of $19.13 and a 52-week high of $39.81. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.73 and a current ratio of 2.58.

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

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.0875 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.02%. 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.