Cadre Holdings, Inc. (NYSE:CDRE) Receives Average Rating of "Hold" from Analysts

Key Points

• Cadre Holdings, Inc. has received an average rating of "Hold" from analysts, with ratings including one sell, one hold, and three buy ratings.
• The average twelve-month target price for Cadre's stock is $35.33, with recent upgrades from some brokerages raising the price target to as high as $43.00.
• The company recently reported earnings of $0.30 per share for the quarter, exceeding analyst expectations, and has announced a quarterly dividend of $0.095 per share.

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $35.3333.

A number of brokerages recently commented on CDRE. Roth Capital reissued a "buy" rating on shares of Cadre in a research note on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadre in a research note on Wednesday. Lake Street Capital upped their price target on Cadre from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Thursday. Wall Street Zen raised Cadre from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, Bank of America cut Cadre from a "neutral" rating to an "underperform" rating and decreased their target price for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th.

Hedge Funds Weigh In On Cadre

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Cadre by 3,402.4% in the first quarter. GAMMA Investing LLC now owns 18,773 shares of the company's stock valued at $556,000 after purchasing an additional 18,237 shares during the period. Rhumbline Advisers lifted its holdings in Cadre by 4.1% in the 1st quarter. Rhumbline Advisers now owns 36,058 shares of the company's stock worth $1,068,000 after buying an additional 1,415 shares in the last quarter. SG Americas Securities LLC boosted its position in Cadre by 212.3% in the 1st quarter. SG Americas Securities LLC now owns 9,690 shares of the company's stock valued at $287,000 after buying an additional 6,587 shares during the last quarter. LVZ Inc. boosted its position in Cadre by 13.1% in the 1st quarter. LVZ Inc. now owns 11,494 shares of the company's stock valued at $340,000 after buying an additional 1,330 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Cadre by 24.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 17,526 shares of the company's stock valued at $519,000 after acquiring an additional 3,417 shares in the last quarter. Hedge funds and other institutional investors own 43.95% of the company's stock.

Cadre Trading Up 1.0%

Shares of CDRE traded up $0.37 during trading on Friday, reaching $38.85. 277,058 shares of the company traded hands, compared to its average volume of 293,860. The stock has a market cap of $1.58 billion, a PE ratio of 41.34, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a quick ratio of 2.56, a current ratio of 3.59 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $32.72 and a 200-day simple moving average of $32.41. Cadre has a twelve month low of $27.07 and a twelve month high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The company had revenue of $157.11 million for the quarter, compared to analyst estimates of $153.23 million. Cadre had a return on equity of 12.08% and a net margin of 6.65%.Cadre's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. Cadre has set its FY 2025 guidance at EPS. On average, analysts anticipate that Cadre will post 1.05 earnings per share for the current year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, August 1st. Cadre's payout ratio is currently 40.43%.

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.

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