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

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 2nd.

Cadre has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

CDRE traded down $0.33 on Thursday, hitting $33.10. The company’s stock had a trading volume of 224,702 shares, compared to its average volume of 253,031. Cadre has a 12 month low of $19.13 and a 12 month high of $39.81. The company has a quick ratio of 1.73, a current ratio of 2.58 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.24 billion, a P/E ratio of 32.77, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32. The company’s 50 day simple moving average is $35.48 and its 200-day simple moving average is $32.98.

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

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Warren B. Kanders sold 1,438,127 shares of Cadre stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the completion of 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 filing with the SEC, which is available at this hyperlink. 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.