JPMorgan Chase & Co. Issues Positive Forecast for Cadre (NYSE:CDRE) Stock Price

Cadre (NYSE:CDRE) had its price objective upped by JPMorgan Chase & Co. from $35.00 to $40.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued reports about the company. UBS Group set a $43.00 price objective on Cadre in a report on Monday, August 10th. DA Davidson upped their target price on Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Jefferies Financial Group reiterated a “buy” rating and set a $43.00 target price on shares of Cadre in a research report on Sunday, August 9th. Roth Capital reissued a “buy” rating and issued a $43.00 price target (up from $40.00) on shares of Cadre in a research note on Monday, August 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.17.

Cadre Price Performance

NYSE:CDRE opened at $32.72 on Friday. Cadre has a 52 week low of $24.07 and a 52 week high of $48.76. The company has a quick ratio of 1.51, a current ratio of 2.35 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $1.40 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. The stock’s 50-day moving average price is $27.90 and its 200-day moving average price is $32.08.

Cadre (NYSE:CDRE) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. The firm had revenue of $202.88 million during the quarter, compared to analyst estimates of $190.67 million. Cadre had a return on equity of 13.26% and a net margin of 5.61%. As a group, equities analysts expect that Cadre will post 1.33 EPS for the current fiscal year.

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. Cadre’s dividend payout ratio (DPR) is currently 42.11%.

Insider Transactions at Cadre

In related news, CEO Warren Kanders sold 100,000 shares of Cadre stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $33.36, for a total value of $3,336,000.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 30.10% of the company’s stock.

Hedge Funds Weigh In On Cadre

Hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in Cadre by 839.6% during the 3rd quarter. Sterling Capital Management LLC now owns 1,043 shares of the company’s stock worth $26,000 after purchasing an additional 932 shares during the last quarter. Allworth Financial LP raised its position in shares of Cadre by 146.9% in the third quarter. Allworth Financial LP now owns 1,410 shares of the company’s stock valued at $35,000 after buying an additional 839 shares during the last quarter. KBC Group NV acquired a new stake in shares of Cadre in the first quarter valued at about $41,000. Assetmark Inc. lifted its stake in shares of Cadre by 34.6% in the first quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after buying an additional 483 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new position in shares of Cadre in the third quarter worth about $59,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

About Cadre

Cadre Holdings, Inc is a manufacturer and supplier of equipment used by law enforcement, military personnel, first responders and other public-safety professionals. The company develops products designed to protect personnel, support mission readiness and improve operational performance in demanding environments.

Cadre’s product portfolio includes body armor, tactical equipment, duty gear, holsters, helmets, protective apparel, restraints and related accessories. Its brands also provide equipment for explosive-ordnance disposal, emergency rescue and water-safety applications.