Cadre (NYSE:CDRE) Sets New 12-Month Low – Time to Sell?

Cadre Holdings, Inc. (NYSE:CDRE)’s share price hit a new 52-week low on Monday. The stock traded as low as $24.42 and last traded at $24.77, with a volume of 517021 shares changing hands. The stock had previously closed at $25.00.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CDRE. UBS Group set a $43.00 price target on Cadre in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Cadre in a research note on Monday, August 17th. Jefferies Financial Group restated a “buy” rating and set a $43.00 price objective on shares of Cadre in a report on Sunday, August 9th. Wall Street Zen raised Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. upped their target price on Cadre from $40.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Cadre currently has an average rating of “Moderate Buy” and an average price target of $45.00.

Cadre Trading Up 3.2%

The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The business’s 50 day moving average price is $29.72 and its 200-day moving average price is $30.02. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.14.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $207.13 million for the quarter, compared to analysts’ expectations of $178.29 million. Cadre had a net margin of 5.26% and a return on equity of 12.02%. Equities analysts expect that Cadre Holdings, Inc. will post 1.33 EPS for the current year.

Cadre Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 14th. Stockholders of record on Friday, July 31st were given a $0.10 dividend. The ex-dividend date was Friday, July 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.6%. Cadre’s dividend payout ratio (DPR) is presently 47.06%.

Insider Buying and Selling at Cadre

In other news, CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction that occurred on 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 30.10% of the company’s stock.

Hedge Funds Weigh In On Cadre

Hedge funds have recently added to or reduced their stakes in the business. KBC Group NV bought a new stake in Cadre during the first quarter valued at $41,000. Assetmark Inc. lifted its position in shares of Cadre by 34.6% in the 1st quarter. Assetmark Inc. now owns 1,878 shares of the company’s stock worth $58,000 after buying an additional 483 shares during the last quarter. State of Wyoming acquired a new position in shares of Cadre in the 2nd quarter valued at about $61,000. PNC Financial Services Group Inc. boosted its holdings in shares of Cadre by 23.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,881 shares of the company’s stock valued at $180,000 after buying an additional 1,117 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in shares of Cadre in the 2nd quarter valued at about $231,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

About Cadre

Cadre Holdings, Inc is a Jacksonville, Florida-based manufacturer of products designed to protect and equip law enforcement, military, public-safety and commercial customers. The company develops and supplies safety and survivability equipment intended for use in demanding operational environments.

Its product portfolio includes body armor, protective equipment, duty gear, holsters, tactical equipment, less-lethal systems, bomb-disposal and explosive-ordnance-disposal products, and equipment for chemical, biological, radiological and nuclear response.