Cadre (NYSE:CDRE) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Cadre (NYSE:CDRE) from a buy rating to a hold rating in a report released on Saturday.

CDRE has been the subject of a number of other reports. Bank of America cut Cadre from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $38.00 to $26.00 in a research note on Wednesday, August 13th. Lake Street Capital increased their price target on Cadre from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday. Roth Capital reiterated a “buy” rating and issued a $44.00 price target on shares of Cadre in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.50.

Cadre Price Performance

Shares of CDRE stock opened at $39.03 on Friday. Cadre has a 1-year low of $27.07 and a 1-year high of $40.24. The stock’s 50-day moving average is $32.96 and its 200 day moving average is $32.56. The company has a market cap of $1.59 billion, a P/E ratio of 41.52, a PEG ratio of 1.39 and a beta of 1.34. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.59 and a quick ratio of 2.56.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The company had revenue of $157.11 million during the quarter, compared to analysts’ expectations of $153.23 million. During the same period last year, the business posted $0.31 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS. Research analysts predict that Cadre will post 1.05 earnings per share for the current fiscal year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, August 1st. Cadre’s dividend payout ratio (DPR) is presently 40.43%.

Institutional Trading of Cadre

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank grew its holdings in Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company’s stock worth $31,000 after acquiring an additional 313 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Cadre by 14.0% during the second quarter. Ameritas Investment Partners Inc. now owns 2,908 shares of the company’s stock worth $93,000 after acquiring an additional 357 shares during the period. Assetmark Inc. grew its holdings in Cadre by 43.1% during the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after acquiring an additional 420 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Cadre by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 13,991 shares of the company’s stock worth $446,000 after acquiring an additional 438 shares during the period. Finally, Arizona State Retirement System grew its holdings in Cadre by 6.4% in the first quarter. Arizona State Retirement System now owns 8,153 shares of the company’s stock valued at $241,000 after purchasing an additional 492 shares during the period. 43.95% of the stock is owned by institutional investors and hedge funds.

About Cadre

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.