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

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $45.00.

CDRE has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadre in a report on Monday, August 17th. JPMorgan Chase & Co. raised their price objective on shares of Cadre from $40.00 to $45.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. UBS Group set a $43.00 price objective on Cadre in a research report on Monday, August 10th. Zacks Research raised Cadre from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 4th. Finally, Roth Capital reiterated a “buy” rating and set a $43.00 target price (up from $40.00) on shares of Cadre in a report on Monday, August 10th.

Cadre Trading Down 0.4%

Shares of CDRE stock opened at $24.99 on Friday. Cadre has a fifty-two week low of $24.68 and a fifty-two week high of $48.76. The stock has a market cap of $1.07 billion, a P/E ratio of 29.40, a P/E/G ratio of 0.84 and a beta of 1.33. The business has a fifty day simple moving average of $30.14 and a 200-day simple moving average of $30.17. The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 1.02.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $207.13 million during the quarter, compared to the consensus estimate of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. On average, analysts forecast that Cadre will post 1.33 earnings per share for the current fiscal year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.6%. Cadre’s dividend payout ratio (DPR) is presently 47.06%.

Insider Buying and Selling

In related news, CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction dated 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 30.10% of the company’s stock.

Hedge Funds Weigh In On Cadre

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

About Cadre

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.