Cadre Holdings, Inc. (NYSE:CDRE) Receives $41.25 Consensus Price Target from Analysts

Cadre Holdings, Inc. (NYSE:CDRE) has received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $41.25.

Several research firms recently commented on CDRE. Raymond James cut Cadre from an “outperform” rating to a “market perform” rating in a research note on Monday, January 22nd. B. Riley restated a “buy” rating and set a $48.00 target price (up from $40.00) on shares of Cadre in a research note on Wednesday, March 6th. Stifel Nicolaus lifted their price target on shares of Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Roth Mkm reiterated a “buy” rating and set a $43.00 price target (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Finally, Stephens raised their price objective on shares of Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a 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 dated Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total value of $50,334,445.00. Following the completion of the sale, the chief executive officer now owns 12,184,918 shares in the company, valued at $426,472,130. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 49.20% of the company’s stock.

Institutional Trading of Cadre

A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. acquired a new position in shares of Cadre during the 1st quarter worth $474,000. Caas Capital Management LP acquired a new position in Cadre during the first quarter worth about $362,000. New York State Teachers Retirement System lifted its holdings in shares of Cadre by 1,640.0% in the first 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. Allspring Global Investments Holdings LLC grew its position in shares of Cadre by 624.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 16,546 shares of the company’s stock valued at $599,000 after purchasing an additional 14,263 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Cadre during the first quarter worth $439,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Cadre Stock Performance

Shares of CDRE stock opened at $34.19 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.73 and a current ratio of 2.58. The firm has a market cap of $1.39 billion, a P/E ratio of 33.18, a P/E/G ratio of 1.78 and a beta of 1.35. The firm’s 50 day moving average price is $35.26 and its 200-day moving average price is $33.18. Cadre has a one year low of $19.13 and a one year high of $39.81.

Cadre (NYSE:CDRE) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.29 earnings per share 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, equities research analysts predict that Cadre will post 1.18 EPS for the current year.

Cadre Dividend Announcement

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

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.