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

Cadre Holdings, Inc. (NYSE:CDRE) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $41.25.

A number of brokerages have commented on CDRE. Stifel Nicolaus lifted their target price on Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Roth Mkm restated a “buy” rating and set a $43.00 price objective (up from $38.00) on shares of Cadre in a research note on Wednesday, March 6th. B. Riley reiterated a “buy” rating and issued a $48.00 target price (up from $40.00) on shares of Cadre in a research note on Wednesday, March 6th. Raymond James lowered shares of Cadre from an “outperform” rating to a “market perform” rating in a research report on Monday, January 22nd. Finally, Stephens lifted their price objective on shares of Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, February 16th.

Insider Transactions at Cadre

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 transaction, the chief executive officer now owns 12,184,918 shares in the company, valued at approximately $426,472,130. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 49.20% of the stock is owned by insiders.

Institutional Trading of Cadre

Several hedge funds have recently modified their holdings of the company. Legato Capital Management LLC acquired a new stake in Cadre during the 4th quarter valued at $245,000. FMR LLC lifted its position in Cadre by 12.4% during the 3rd quarter. FMR LLC now owns 5,637,904 shares of the company’s stock valued at $150,250,000 after purchasing an additional 621,116 shares during the period. Oak Ridge Investments LLC bought a new position in shares of Cadre in the 4th quarter valued at about $1,930,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Cadre by 56.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,944 shares of the company’s stock valued at $105,000 after buying an additional 1,424 shares during the period. Finally, Swiss National Bank boosted its stake in Cadre by 12.8% in the third quarter. Swiss National Bank now owns 41,300 shares of the company’s stock valued at $1,101,000 after acquiring an additional 4,700 shares during the last quarter. Institutional investors and hedge funds own 43.95% of the company’s stock.

Cadre Stock Performance

Shares of CDRE opened at $36.62 on Friday. The stock has a market capitalization of $1.38 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 1.89 and a beta of 1.32. The business’s fifty day moving average price is $35.75 and its 200 day moving average price is $32.28. 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 has a 12-month low of $19.13 and a 12-month high of $39.81.

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

Cadre Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were issued a $0.0875 dividend. The ex-dividend date was Thursday, February 1st. This is an increase from Cadre’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.96%. Cadre’s dividend payout ratio is 34.31%.

Cadre Company Profile

Cadre Holdings, Inc manufactures and distributes safety and survivability equipment 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 and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.