Cadre (NYSE:CDRE) Share Price Breaks Above Two Hundred Day Moving Average - Time to Sell?

Cadre Holdings, Inc. (NYSE:CDRE - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $32.13 and traded as high as $33.99. Cadre shares last traded at $32.20, with a volume of 593,808 shares traded.

Wall Street Analysts Forecast Growth

CDRE has been the topic of a number of research analyst reports. Roth Capital reaffirmed a "buy" rating and set a $43.00 price target (up from $40.00) on shares of Cadre in a research report on Monday, August 10th. Jefferies Financial Group reiterated a "buy" rating and issued a $43.00 price objective on shares of Cadre in a research report on Sunday, August 9th. DA Davidson increased their target price on Cadre from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. JPMorgan Chase & Co. lowered their target price on Cadre from $45.00 to $35.00 and set an "overweight" rating for the company in a research note on Tuesday, October 13th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Cadre in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Cadre currently has an average rating of "Moderate Buy" and a consensus price target of $43.33.

Cadre Trading Up 4.4%

The company has a quick ratio of 1.35, a current ratio of 2.14 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $1.38 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.04 and a beta of 1.29. The business has a fifty day moving average price of $27.87 and a 200 day moving average price of $32.13.

Cadre (NYSE:CDRE - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.28 by $0.09. The business had revenue of $202.88 million during the quarter, compared to the consensus estimate of $190.67 million. Cadre had a return on equity of 13.59% and a net margin of 5.61%. On average, analysts expect that Cadre Holdings, Inc. will post 1.33 earnings per share for the current fiscal year.

Cadre Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, October 30th. Cadre's dividend payout ratio (DPR) is currently 42.11%.

Insider Activity

In other news, CEO Warren Kanders sold 100,000 shares of Cadre stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $33.36, for a total value of $3,336,000.00. Following the sale, the chief executive officer directly owned 9,517,039 shares in the company, valued at $317,488,421.04. This trade represents a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 30.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new stake in shares of Cadre in the second quarter valued at about $5,082,000. Squarepoint Ops LLC acquired a new position in Cadre during the second quarter valued at approximately $782,000. Principal Financial Group Inc. acquired a new position in Cadre during the first quarter valued at approximately $1,202,000. Dimensional Fund Advisors LP grew its stake in Cadre by 8.5% in the first quarter. Dimensional Fund Advisors LP now owns 767,073 shares of the company's stock valued at $23,530,000 after purchasing an additional 60,382 shares in the last quarter. Finally, Reinhart Partners LLC. grew its stake in Cadre by 22.4% in the second quarter. Reinhart Partners LLC. now owns 2,738,373 shares of the company's stock valued at $78,071,000 after purchasing an additional 500,476 shares in the last quarter. Institutional investors own 43.95% of the company's stock.

Cadre Company Profile

Cadre Holdings, Inc is a manufacturer and supplier of equipment used by law enforcement, military personnel, first responders and other public-safety professionals. The company develops products designed to protect personnel, support mission readiness and improve operational performance in demanding environments.

Cadre's product portfolio includes body armor, tactical equipment, duty gear, holsters, helmets, protective apparel, restraints and related accessories. Its brands also provide equipment for explosive-ordnance disposal, emergency rescue and water-safety applications.

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