WCM Investment Management LLC Reduces Stock Position in Cadre Holdings, Inc. $CDRE

WCM Investment Management LLC reduced its holdings in Cadre Holdings, Inc. (NYSE:CDRE) by 1.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 530,544 shares of the company’s stock after selling 6,299 shares during the period. WCM Investment Management LLC’s holdings in Cadre were worth $16,993,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CDRE. Arizona State Retirement System grew its holdings in Cadre by 6.4% during the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cadre by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,451 shares of the company’s stock worth $458,000 after purchasing an additional 628 shares during the last quarter. Navellier & Associates Inc. lifted its stake in Cadre by 7.8% in the first quarter. Navellier & Associates Inc. now owns 9,623 shares of the company’s stock worth $287,000 after purchasing an additional 695 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Cadre by 37.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company’s stock worth $125,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Cadre by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 164,311 shares of the company’s stock worth $4,865,000 after purchasing an additional 1,248 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CDRE has been the subject of several analyst reports. Wall Street Zen downgraded shares of Cadre from a “buy” rating to a “hold” rating in a research note on Saturday, October 11th. Roth Capital reissued a “buy” rating and issued a $44.00 price objective on shares of Cadre in a research note on Friday, October 10th. Bank of America downgraded shares of Cadre from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $38.00 to $26.00 in a research note on Wednesday, August 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th. Finally, Lake Street Capital raised their price objective on shares of Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $37.50.

Cadre Price Performance

Cadre stock opened at $40.92 on Friday. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 43.53, a price-to-earnings-growth ratio of 1.47 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 Holdings, Inc. has a 1 year low of $27.07 and a 1 year high of $42.06. The firm has a 50-day moving average of $33.52 and a two-hundred day moving average of $32.75.

Cadre (NYSE:CDRE) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $157.11 million during 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 quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. On average, research analysts forecast that Cadre Holdings, Inc. will post 1.05 earnings per share for the current year.

Cadre Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Friday, August 1st. Cadre’s dividend payout ratio is presently 40.43%.

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.