Cadre Holdings, Inc. (NYSE:CDRE) Given Average Rating of “Hold” by Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $37.6667.

Several analysts recently issued reports on the stock. 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. B. Riley reaffirmed a “buy” rating on shares of Cadre in a report on Thursday. Wall Street Zen upgraded shares of Cadre from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a report on Wednesday, October 8th. Finally, Bank of America cut shares of Cadre from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $38.00 to $26.00 in a research report on Wednesday, August 13th.

Institutional Trading of Cadre

Institutional investors have recently made changes to their positions in the company. Reinhart Partners LLC. purchased a new position in shares of Cadre in the 3rd quarter worth about $70,205,000. Ophir Asset Management Pty Ltd bought a new position in shares of Cadre in the second quarter worth $21,872,000. Select Equity Group L.P. lifted its holdings in shares of Cadre by 726.6% in the first quarter. Select Equity Group L.P. now owns 447,337 shares of the company’s stock worth $13,246,000 after buying an additional 393,218 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Cadre by 15.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,697,642 shares of the company’s stock valued at $61,981,000 after purchasing an additional 224,218 shares during the period. Finally, Greenhouse Funds LLLP raised its holdings in shares of Cadre by 8.4% in the 2nd quarter. Greenhouse Funds LLLP now owns 2,743,265 shares of the company’s stock valued at $87,373,000 after acquiring an additional 213,298 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Cadre Trading Down 1.4%

Shares of Cadre stock opened at $42.82 on Tuesday. The firm has a 50-day moving average of $37.56 and a 200-day moving average of $34.22. Cadre has a 52-week low of $27.07 and a 52-week high of $46.64. The stock has a market cap of $1.74 billion, a PE ratio of 38.23, a PEG ratio of 1.53 and a beta of 1.36. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.56 and a current ratio of 3.64.

Cadre (NYSE:CDRE) last announced its earnings results on Tuesday, November 4th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $155.87 million for the quarter, compared to analysts’ expectations of $158.96 million. Cadre had a net margin of 7.33% and a return on equity of 13.94%. The business’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period last year, the firm earned $0.09 earnings per share. Cadre has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Cadre will post 1.05 EPS for the current year.

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.38 annualized dividend and a yield of 0.9%. Cadre’s dividend payout ratio (DPR) is presently 33.93%.

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.