Cadre (NYSE:CDRE) Sees Strong Trading Volume

Shares of Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report) saw strong trading volume on Monday . 407,544 shares changed hands during trading, an increase of 64% from the previous session's volume of 248,454 shares.The stock last traded at $36.71 and had previously closed at $36.63.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James lowered Cadre from an "outperform" rating to a "market perform" rating in a report on Monday, January 22nd. B. Riley restated a "buy" rating and set a $48.00 target price (up from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Roth Mkm restated a "buy" rating and set a $43.00 target price (up from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Stephens raised their target price on Cadre from $36.00 to $40.00 and gave the company an "overweight" rating in a report on Friday, February 16th. Finally, Stifel Nicolaus raised their target price on Cadre from $33.00 to $34.00 and gave the company a "hold" rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $41.25.

Cadre Trading Down 2.0 %

The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 35.97, a P/E/G ratio of 1.93 and a beta of 1.32. The company has a 50-day moving average price of $35.75 and a 200-day moving average price of $32.37. The company has a quick ratio of 1.73, a current ratio of 2.58 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE - Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.11. Cadre had a return on equity of 21.85% and a net margin of 8.01%. The business had revenue of $124.58 million for the quarter, compared to the consensus estimate of $122.30 million. Research analysts predict that Cadre Holdings, Inc. will post 1.18 EPS for the current fiscal year.

Cadre Increases Dividend

The company also recently announced 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 of this dividend was Thursday, February 1st. This is an increase from Cadre's previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.98%. Cadre's dividend payout ratio (DPR) is 34.31%.

Insider Buying and Selling at Cadre

In other Cadre news, CEO Warren B. Kanders sold 1,438,127 shares of Cadre stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the sale, the chief executive officer now directly owns 12,184,918 shares of the company's stock, valued at $426,472,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 49.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Point72 Middle East FZE bought a new position in Cadre in the 4th quarter worth approximately $37,000. Covestor Ltd raised its position in Cadre by 49,625.0% in the 3rd quarter. Covestor Ltd now owns 1,989 shares of the company's stock worth $53,000 after purchasing an additional 1,985 shares during the last quarter. Psagot Value Holdings Ltd. Israel raised its position in Cadre by 635.3% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,169 shares of the company's stock worth $72,000 after purchasing an additional 1,874 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Cadre by 992.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,283 shares of the company's stock worth $75,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Cadre by 75.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,322 shares of the company's stock worth $56,000 after purchasing an additional 1,001 shares during the last quarter. Institutional investors own 43.95% of the company's stock.

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.