Cadre Holdings, Inc. Plans Quarterly Dividend of $0.09 (NYSE:CDRE)

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Friday, May 3rd will be given a dividend of 0.0875 per share on Friday, May 17th. This represents a $0.35 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, May 2nd.

Cadre has a dividend payout ratio of 26.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cadre to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 26.3%.

Cadre Stock Performance

Shares of CDRE traded down $0.33 during trading hours on Thursday, hitting $33.10. The stock had a trading volume of 224,702 shares, compared to its average volume of 253,031. 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 50-day moving average price of $35.48 and a 200 day moving average price of $32.98. Cadre has a fifty-two week low of $19.13 and a fifty-two week high of $39.81. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 32.77, a PEG ratio of 1.76 and a beta of 1.32.

Cadre (NYSE:CDRE) last posted its earnings results on Tuesday, March 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.11. Cadre had a net margin of 8.01% and a return on equity of 21.85%. The firm had revenue of $124.58 million during the quarter, compared to analysts’ expectations of $122.30 million. As a group, research analysts anticipate that Cadre will post 1.18 EPS for the current year.

Insider Transactions at Cadre

In other news, CEO Warren B. Kanders sold 1,438,127 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the completion of the sale, the chief executive officer now owns 12,184,918 shares of the company’s stock, valued at $426,472,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 49.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CDRE shares. B. Riley reiterated a “buy” rating and issued a $48.00 target price (up from $40.00) on shares of Cadre in a research note on Wednesday, March 6th. Stephens boosted their price target on shares of Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Roth Mkm reissued a “buy” rating and issued a $43.00 price target (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Stifel Nicolaus boosted their price target on shares of Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Finally, Raymond James lowered shares of Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

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.