Cadre (NYSE:CDRE) Upgraded by Wall Street Zen to Buy Rating

Cadre (NYSE:CDRE - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Separately, Bank of America cut shares of Cadre from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $45.00 to $38.00 in a report on Friday.

Cadre Trading Up 0.3%

Shares of Cadre stock traded up $0.10 on Friday, reaching $34.50. 65,267 shares of the company were exchanged, compared to its average volume of 255,944. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 41.57, a price-to-earnings-growth ratio of 1.58 and a beta of 1.36. The stock has a fifty day moving average price of $32.49 and a 200-day moving average price of $33.51. Cadre has a fifty-two week low of $27.07 and a fifty-two week high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.10. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business had revenue of $130.11 million for the quarter, compared to the consensus estimate of $121.53 million. During the same period last year, the company posted $0.18 EPS. Cadre's revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts expect that Cadre will post 1.05 EPS for the current year.

Insider Transactions at Cadre

In related news, CEO Warren B. Kanders sold 50,000 shares of the company's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $31.88, for a total value of $1,594,000.00. Following the transaction, the chief executive officer now directly owns 10,866,192 shares of the company's stock, valued at $346,414,200.96. This represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 200,000 shares of company stock valued at $6,735,500. 37.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CDRE. Assetmark Inc. acquired a new position in shares of Cadre during the fourth quarter worth $31,000. Militia Capital Partners LP purchased a new stake in shares of Cadre during the first quarter worth approximately $49,000. State of Wyoming acquired a new position in Cadre in the 1st quarter valued at $69,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Cadre by 37.7% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock valued at $125,000 after buying an additional 1,155 shares during the period. Finally, US Bancorp DE lifted its holdings in Cadre by 10.6% in the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock valued at $135,000 after acquiring an additional 400 shares during the period. 43.95% of the stock is currently owned by institutional investors and hedge funds.

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.