Cadre Holdings, Inc. (NYSE:CDRE) Stock Has Average Price Target of $45.00

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $45.00.

Several research analysts have recently weighed in on CDRE shares. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. lifted their target price on shares of Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. DA Davidson raised their price target on Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. UBS Group set a $43.00 price objective on Cadre in a research report on Monday, August 10th. Finally, Roth Capital reissued a “buy” rating and issued a $43.00 target price (up from $40.00) on shares of Cadre in a research report on Monday, August 10th.

Insider Activity

In related news, CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the completion of the sale, the chief executive officer directly owned 9,517,039 shares in the company, valued at approximately $317,488,421.04. The trade was a 1.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 30.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CDRE. KBC Group NV bought a new stake in shares of Cadre during the 1st quarter valued at $41,000. Assetmark Inc. raised its holdings in Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after purchasing an additional 483 shares during the period. State of Wyoming purchased a new position in Cadre during the second quarter valued at $61,000. ProShare Advisors LLC bought a new stake in Cadre during the fourth quarter valued at about $212,000. Finally, PNC Financial Services Group Inc. grew its holdings in Cadre by 23.4% during the first quarter. PNC Financial Services Group Inc. now owns 5,881 shares of the company’s stock valued at $180,000 after purchasing an additional 1,117 shares during the period. 43.95% of the stock is currently owned by institutional investors.

Cadre Trading Down 1.6%

Cadre stock opened at $26.28 on Friday. Cadre has a 12 month low of $25.73 and a 12 month high of $48.76. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.31. The business’s fifty day simple moving average is $30.53 and its two-hundred day simple moving average is $30.57. The company has a current ratio of 2.14, a quick ratio of 1.35 and a debt-to-equity ratio of 1.02.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $207.13 million during the quarter, compared to analyst estimates of $178.29 million. Cadre had a net margin of 5.26% and a return on equity of 12.02%. As a group, equities analysts predict that Cadre will post 1.33 earnings per share for the current fiscal year.

Cadre Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, July 31st. Cadre’s dividend payout ratio is 47.06%.

Cadre Company Profile

Cadre Holdings, Inc is a manufacturer of equipment designed to protect and support military personnel, law enforcement officers, first responders and other public-safety professionals. The company operates through a portfolio of specialized brands, including Safariland, and focuses on products used in high-risk and mission-critical environments.

Its products include body armor, tactical and duty equipment, holsters, protective apparel, forensic equipment, explosive ordnance disposal suits and related public-safety gear.