Cadre Holdings, Inc. (CDRE) – What Are Researchers Thinking About This Stock?

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $43.33.

A number of equities research analysts have issued reports on CDRE shares. JPMorgan Chase & Co. decreased their target price on Cadre from $45.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, October 13th. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. DA Davidson raised their price target on shares of Cadre from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research report on Monday, August 17th. Finally, Roth Capital reissued a “buy” rating and issued a $43.00 price objective (up from $40.00) on shares of Cadre in a research note on Monday, August 10th.

Cadre Trading Up 2.2%

Shares of NYSE CDRE opened at $26.97 on Tuesday. The business has a 50-day moving average price of $28.63 and a two-hundred day moving average price of $29.67. 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 one year low of $24.07 and a one year high of $48.76. The firm has a market capitalization of $1.15 billion, a PE ratio of 31.73, a PEG ratio of 0.89 and a beta of 1.33.

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 for the quarter, compared to the consensus estimate of $178.29 million. Cadre had a net margin of 5.26% and a return on equity of 12.02%. As a group, analysts predict that Cadre will post 1.33 earnings per share for the current fiscal year.

Insider Activity at Cadre

In other news, CEO Warren Kanders sold 100,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $33.36, for a total transaction of $3,336,000.00. Following the completion of the sale, the chief executive officer owned 9,517,039 shares in the company, valued at $317,488,421.04. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 30.10% of the company’s stock.

Hedge Funds Weigh In On Cadre

Large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Cadre in the 2nd quarter worth $83,730,000. Reinhart Partners LLC. raised its holdings in 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 buying an additional 500,476 shares during the period. Dimensional Fund Advisors LP lifted its position in Cadre by 8.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 767,073 shares of the company’s stock valued at $23,530,000 after acquiring an additional 60,382 shares in the last quarter. Bank of America Corp DE acquired a new stake in Cadre in the 2nd quarter valued at approximately $18,984,000. Finally, First Trust Advisors LP lifted its position in shares of Cadre by 92.6% in the first quarter. First Trust Advisors LP now owns 223,898 shares of the company’s stock worth $6,869,000 after purchasing an additional 107,647 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors and hedge funds.

Cadre Company Profile

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.