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

Cadre Holdings, Inc. (NYSE:CDRE) has earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $45.00.

Several research analysts recently weighed in on CDRE shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadre in a report on Monday, August 17th. Zacks Research upgraded Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Cadre in a research note on Sunday, August 9th. Roth Capital reiterated a “buy” rating and set a $43.00 target price (up from $40.00) on shares of Cadre in a research report on Monday, August 10th. Finally, Wall Street Zen raised Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th.

Insider Activity

In other news, CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $33.36, for a total value of $3,336,000.00. Following the transaction, the chief executive officer owned 9,517,039 shares of the company’s stock, valued at approximately $317,488,421.04. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 30.10% of the stock is currently owned by insiders.

Institutional Trading of Cadre

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in Cadre during the 2nd quarter valued at approximately $5,082,000. Principal Financial Group Inc. purchased a new stake in Cadre during the first quarter valued at $1,202,000. Dimensional Fund Advisors LP grew its stake in shares of Cadre by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 767,073 shares of the company’s stock worth $23,530,000 after buying an additional 60,382 shares in the last quarter. Reinhart Partners LLC. increased its holdings in shares of Cadre by 22.4% in the 2nd quarter. Reinhart Partners LLC. now owns 2,738,373 shares of the company’s stock worth $78,071,000 after buying an additional 500,476 shares during the last quarter. Finally, GW&K Investment Management LLC lifted its holdings in shares of Cadre by 6.3% in the 4th quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after acquiring an additional 48,638 shares during the last quarter. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Price Performance

NYSE CDRE opened at $26.28 on Friday. 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 has a 12 month low of $25.73 and a 12 month high of $48.76. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 0.90 and a beta of 1.31. The company’s 50 day moving average is $30.53 and its two-hundred day moving average is $30.57.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share for the quarter, topping 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, research analysts anticipate that Cadre will post 1.33 earnings per share for the current year.

Cadre Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Shareholders of record on Friday, July 31st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Friday, July 31st. Cadre’s dividend payout ratio (DPR) 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.