Cadre Holdings, Inc. (NYSE:CDRE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have received an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $41.25.

A number of equities analysts have weighed in on the stock. Stephens upped their price target on shares of Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. B. Riley reissued 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. Roth Mkm reaffirmed a “buy” rating and issued a $43.00 price objective (up previously from $38.00) on shares of Cadre in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus boosted their price target on Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th.

Cadre Trading Up 2.7 %

Cadre stock opened at $33.19 on Friday. Cadre has a 52-week low of $19.13 and a 52-week high of $39.81. The company has a market cap of $1.35 billion, a P/E ratio of 32.86, a P/E/G ratio of 1.87 and a beta of 1.35. The company has a quick ratio of 1.82, a current ratio of 2.82 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $33.56 and a two-hundred day simple moving average of $33.62.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.07). Cadre had a return on equity of 19.18% and a net margin of 7.58%. The business had revenue of $137.86 million for the quarter, compared to analysts’ expectations of $127.99 million. During the same quarter in the prior year, the business earned $0.19 EPS. The company’s revenue was up 23.4% compared to the same quarter last year. Analysts predict that Cadre will post 1.07 EPS for the current year.

Cadre Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a $0.0875 dividend. The ex-dividend date was Thursday, May 2nd. This represents a $0.35 annualized dividend and a dividend yield of 1.05%. Cadre’s dividend payout ratio (DPR) is presently 34.65%.

Insider Buying and Selling

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 transaction of $50,334,445.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. 49.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Lisanti Capital Growth LLC purchased a new stake in shares of Cadre in the 4th quarter worth approximately $2,109,000. Jump Financial LLC bought a new stake in Cadre during the 4th quarter valued at $980,000. Legato Capital Management LLC bought a new stake in Cadre during the 4th quarter valued at $245,000. FMR LLC increased its holdings in shares of Cadre by 12.4% in the 3rd quarter. FMR LLC now owns 5,637,904 shares of the company’s stock valued at $150,250,000 after acquiring an additional 621,116 shares during the period. Finally, Oak Ridge Investments LLC bought a new position in shares of Cadre in the 4th quarter worth $1,930,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

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.