Cadre Holdings, Inc. (NYSE:CDRE) Receives Average Rating of “Hold” from Brokerages

Cadre Holdings, Inc. (NYSE:CDRE) has been given a consensus rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $37.50.

A number of analysts have weighed in on CDRE shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a report on Wednesday, October 8th. Lake Street Capital increased their target price on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Roth Capital reissued a “buy” rating and set a $44.00 price target on shares of Cadre in a report on Friday, October 10th. Wall Street Zen raised shares of Cadre from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Bank of America cut shares of Cadre from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th.

Cadre Stock Down 0.1%

Shares of NYSE:CDRE opened at $42.42 on Tuesday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 45.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.34. Cadre has a 1-year low of $27.07 and a 1-year high of $44.29. The company’s fifty day moving average is $36.54 and its two-hundred day moving average is $33.86. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.56 and a current ratio of 3.59.

Cadre (NYSE:CDRE) last issued its earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.05. The company had revenue of $157.11 million for the quarter, compared to analysts’ expectations of $153.23 million. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.31 earnings per share. Equities analysts anticipate that Cadre will post 1.05 EPS for the current year.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, October 31st. Cadre’s dividend payout ratio (DPR) is 40.43%.

Institutional Trading of Cadre

A number of large investors have recently modified their holdings of CDRE. Bank of New York Mellon Corp increased its holdings in shares of Cadre by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 164,311 shares of the company’s stock worth $4,865,000 after acquiring an additional 1,248 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Cadre by 12.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 35,558 shares of the company’s stock worth $1,053,000 after buying an additional 3,821 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Cadre by 6.4% in the 1st quarter. Arizona State Retirement System now owns 8,153 shares of the company’s stock worth $241,000 after acquiring an additional 492 shares during the period. Navellier & Associates Inc. lifted its stake in shares of Cadre by 7.8% in the 1st quarter. Navellier & Associates Inc. now owns 9,623 shares of the company’s stock worth $287,000 after acquiring an additional 695 shares during the period. Finally, Premier Fund Managers Ltd acquired a new stake in shares of Cadre in the 1st quarter worth approximately $665,000. Institutional investors and hedge funds own 43.95% of the company’s stock.

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.