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

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

Several analysts recently weighed in on the stock. Raymond James cut shares of Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Stifel Nicolaus lifted their price objective on shares of Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Wednesday, March 6th. Roth Mkm reissued a “buy” rating and issued a $43.00 target price (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. B. Riley reaffirmed a “buy” rating and set a $48.00 price target (up from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Finally, Stephens increased their price objective on Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 16th.

Insider Activity

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of Cadre stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the transaction, the chief executive officer now owns 12,184,918 shares of the company’s stock, valued at $426,472,130. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 49.20% of the company’s stock.

Hedge Funds Weigh In On Cadre

Hedge funds have recently modified their holdings of the business. Legato Capital Management LLC acquired a new stake in Cadre during the 4th quarter worth $245,000. FMR LLC boosted its stake in shares of Cadre by 12.4% during the third quarter. FMR LLC now owns 5,637,904 shares of the company’s stock worth $150,250,000 after buying an additional 621,116 shares during the period. Oak Ridge Investments LLC purchased a new position in shares of Cadre during the fourth quarter worth about $1,930,000. Vanguard Group Inc. raised its stake in Cadre by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 931,296 shares of the company’s stock valued at $24,819,000 after acquiring an additional 18,173 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Cadre during the 4th quarter valued at approximately $229,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Stock Performance

Shares of CDRE stock opened at $34.38 on Wednesday. Cadre has a 52 week low of $19.13 and a 52 week high of $39.81. The firm has a 50 day moving average of $35.19 and a two-hundred day moving average of $33.35. 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 stock has a market capitalization of $1.40 billion, a PE ratio of 33.70, a P/E/G ratio of 1.80 and a beta of 1.35.

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

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 3rd will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, May 2nd. Cadre’s dividend payout ratio (DPR) is currently 34.31%.

About Cadre

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.