Cadre (NYSE:CDRE) Sets New 1-Year High - Time to Buy?

Key Points

• Cadre Holdings, Inc. (NYSE:CDRE) achieved a new 52-week high of $40.75 during trading, prompting speculation about whether it is a good time to buy.
• Analysts have mixed ratings for Cadre, with a consensus rating of "Hold" and price targets ranging from $26.00 to $44.00.
• The company reported a 8.9% year-over-year revenue growth, with $157.11 million for the quarter and a quarterly dividend of $0.095 per share yielding 0.9%.

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $40.50 and last traded at $40.75, with a volume of 94648 shares changing hands. The stock had previously closed at $38.97.

Analysts Set New Price Targets

A number of brokerages have issued reports on CDRE. Wall Street Zen lowered shares of Cadre from a "buy" rating to a "hold" rating in a report on Saturday. Bank of America lowered shares of Cadre from a "neutral" rating to an "underperform" rating and cut their price objective for the company from $38.00 to $26.00 in a report on Wednesday, August 13th. Lake Street Capital increased their price objective on shares of Cadre from $41.00 to $43.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Roth Capital reaffirmed a "buy" rating and set a $44.00 price objective on shares of Cadre in a report on Friday. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadre in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $37.50.

Cadre Stock Performance

The company has a market capitalization of $1.70 billion, a P/E ratio of 44.39, a P/E/G ratio of 1.39 and a beta of 1.34. The business has a 50-day moving average of $32.96 and a 200-day moving average of $32.56. 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 (NYSE:CDRE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.05. Cadre had a return on equity of 12.08% and a net margin of 6.65%.The company had revenue of $157.11 million during the quarter, compared to the consensus estimate of $153.23 million. During the same period last year, the company earned $0.31 earnings per share. Cadre's revenue was up 8.9% on a year-over-year basis. Cadre has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Friday, August 1st. Cadre's dividend payout ratio (DPR) is 40.43%.

Institutional Trading of Cadre

Several institutional investors and hedge funds have recently made changes to their positions in the company. Greenhouse Funds LLLP raised its holdings in shares of Cadre by 8.4% in the second 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. Vanguard Group Inc. grew its stake in Cadre by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,432,441 shares of the company's stock valued at $42,415,000 after purchasing an additional 41,476 shares during the last quarter. Fred Alger Management LLC grew its stake in Cadre by 20.9% in the first quarter. Fred Alger Management LLC now owns 826,528 shares of the company's stock valued at $24,473,000 after purchasing an additional 143,119 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new position in Cadre in the second quarter valued at about $21,872,000. Finally, Geode Capital Management LLC grew its stake in shares of Cadre by 5.9% during the second quarter. Geode Capital Management LLC now owns 639,493 shares of the company's stock worth $20,370,000 after acquiring an additional 35,583 shares during the last quarter. 43.95% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.