Analysts Set Cadre Holdings, Inc. (NYSE:CDRE) Target Price at $41.25

Shares of Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) have received an average recommendation of "Moderate Buy" from the five analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $41.25.

A number of research analysts have weighed in on the stock. Roth Mkm reaffirmed a "buy" rating and issued a $43.00 price objective (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Stephens lifted their price objective on shares of Cadre from $36.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Raymond James cut shares of Cadre from an "outperform" rating to a "market perform" rating in a research note on Monday, January 22nd. Stifel Nicolaus boosted their target price on shares of Cadre from $33.00 to $34.00 and gave the stock a "hold" rating in a research note on Wednesday, March 6th. Finally, B. Riley reissued a "buy" rating and set a $48.00 target price (up previously from $40.00) on shares of Cadre in a research note on Wednesday, March 6th.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 1,438,127 shares of the business's stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the transaction, the chief executive officer now directly owns 12,184,918 shares in the company, valued at $426,472,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 49.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cadre

Large investors have recently added to or reduced their stakes in the business. Point72 Middle East FZE purchased a new stake in shares of Cadre in the 4th quarter valued at approximately $37,000. Covestor Ltd increased its position in shares of Cadre by 49,625.0% in the 3rd quarter. Covestor Ltd now owns 1,989 shares of the company's stock valued at $53,000 after purchasing an additional 1,985 shares during the last quarter. Psagot Value Holdings Ltd. Israel boosted its holdings in shares of Cadre by 635.3% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,169 shares of the company's stock valued at $72,000 after buying an additional 1,874 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Cadre by 992.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company's stock valued at $75,000 after buying an additional 2,074 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Cadre by 75.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company's stock valued at $56,000 after buying an additional 1,001 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Stock Performance

Shares of Cadre stock traded up $0.71 during trading on Friday, hitting $36.63. 268,275 shares of the company's stock were exchanged, compared to its average volume of 387,635. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.73 and a current ratio of 2.58. The business has a 50-day simple moving average of $35.75 and a 200-day simple moving average of $32.33. Cadre has a 52-week low of $19.13 and a 52-week high of $39.81. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 35.91, a PEG ratio of 1.90 and a beta of 1.32.

Cadre (NYSE:CDRE - Get Free Report) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.11. Cadre had a net margin of 8.01% and a return on equity of 21.85%. The company had revenue of $124.58 million during the quarter, compared to analysts' expectations of $122.30 million. On average, research analysts forecast that Cadre will post 1.18 EPS for the current year.

Cadre Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a dividend of $0.0875 per share. The ex-dividend date was Thursday, February 1st. This is a positive change from Cadre's previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.96%. Cadre's payout ratio is presently 34.31%.

About Cadre

Cadre Holdings, Inc manufactures and distributes safety and survivability equipment 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 and law enforcement equipment comprising communications gear, forensic and investigation products, firearms cleaning solutions, and crowd control products.