Brokerages Set Cadre Holdings, Inc. (NYSE:CDRE) PT at $41.25

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $41.25.

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

Cadre Stock Up 1.0 %

Shares of CDRE opened at $34.19 on Wednesday. The business’s 50 day simple moving average is $35.22 and its 200-day simple moving average is $33.31. Cadre has a one year low of $19.13 and a one year high of $39.81. The company has a market capitalization of $1.39 billion, a P/E ratio of 33.52, a PEG ratio of 1.80 and a beta of 1.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.58 and a quick ratio of 1.73.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.11. Cadre had a return on equity of 21.85% and a net margin of 8.01%. The business had revenue of $124.58 million during the quarter, compared to analysts’ expectations of $122.30 million. As a group, sell-side analysts predict that Cadre will post 1.18 EPS for the current fiscal year.

Cadre Dividend Announcement

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

Insider Activity at Cadre

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of the business’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 accessible through the SEC website. 49.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cadre

Several large investors have recently modified their holdings of CDRE. Covestor Ltd lifted its holdings in shares of Cadre by 49,625.0% in the third quarter. Covestor Ltd now owns 1,989 shares of the company’s stock worth $53,000 after buying an additional 1,985 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Cadre by 1,640.0% during the 1st quarter. New York State Teachers Retirement System now owns 1,740 shares of the company’s stock valued at $63,000 after purchasing an additional 1,640 shares in the last quarter. Psagot Value Holdings Ltd. Israel increased its holdings in shares of Cadre by 635.3% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 2,169 shares of the company’s stock worth $72,000 after purchasing an additional 1,874 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Cadre by 992.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company’s stock worth $75,000 after acquiring an additional 2,074 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cadre by 56.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,944 shares of the company’s stock valued at $105,000 after acquiring an additional 1,424 shares in the last quarter. Hedge funds and other institutional investors own 43.95% 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.