Cadre (NYSE:CDRE) Reaches New 52-Week High - Should You Buy?

Key Points

• Cadre Holdings, Inc. (NYSE:CDRE) reached a new 52-week high of $42.91 during trading, closing at $41.48 with a significant trading volume of 69,427 shares.
• Research analysts have a mixed outlook on the stock, with Bank of America downgrading it to "underperform" and lowering the price target to $26.00, while Roth Capital maintains a "buy" rating with a price objective of $44.00.
• The company recently declared a quarterly dividend of $0.095 per share, yielding 0.9% annually, with a payout ratio of 40.43%.

Shares of Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $42.91 and last traded at $41.48, with a volume of 69427 shares traded. The stock had previously closed at $40.69.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Bank of America cut shares of Cadre from a "neutral" rating to an "underperform" rating and decreased their price target for the stock from $38.00 to $26.00 in a report on Wednesday, August 13th. Wall Street Zen lowered Cadre from a "buy" rating to a "hold" rating in a research report on Saturday, October 11th. Weiss Ratings reissued a "hold (c)" rating on shares of Cadre in a research report on Wednesday, October 8th. Roth Capital reaffirmed a "buy" rating and issued a $44.00 price objective on shares of Cadre in a report on Friday, October 10th. Finally, Lake Street Capital increased 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $37.50.

Cadre Trading Up 1.4%

The company has a 50 day moving average price of $33.72 and a two-hundred day moving average price of $32.87. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 43.91, a P/E/G ratio of 1.47 and a beta of 1.34. 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 - Get Free Report) last announced its earnings results 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. Cadre had a net margin of 6.65% and a return on equity of 12.08%. The business had revenue of $157.11 million for the quarter, compared to analyst estimates of $153.23 million. During the same quarter last year, the business earned $0.31 earnings per share. The company's revenue for the quarter was up 8.9% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS. On average, research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.095 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.38 dividend on an annualized basis and a yield of 0.9%. Cadre's dividend payout ratio (DPR) is presently 40.43%.

Hedge Funds Weigh In On Cadre

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in Cadre by 212.3% during the 1st quarter. SG Americas Securities LLC now owns 9,690 shares of the company's stock valued at $287,000 after acquiring an additional 6,587 shares in the last quarter. Northern Trust Corp grew its position in shares of Cadre by 14.9% in the first quarter. Northern Trust Corp now owns 344,693 shares of the company's stock valued at $10,206,000 after purchasing an additional 44,588 shares in the last quarter. WCM Investment Management LLC increased its holdings in shares of Cadre by 38.6% in the first quarter. WCM Investment Management LLC now owns 536,843 shares of the company's stock valued at $15,611,000 after purchasing an additional 149,551 shares during the last quarter. Vanguard Group Inc. lifted its position in Cadre by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock worth $42,415,000 after buying an additional 41,476 shares in the last quarter. Finally, Corbyn Investment Management Inc. MD boosted its stake in Cadre by 31.4% during the first quarter. Corbyn Investment Management Inc. MD now owns 41,539 shares of the company's stock worth $1,230,000 after buying an additional 9,935 shares during the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

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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