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

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

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

Cadre Stock Performance

CDRE traded down $0.22 during midday trading on Friday, reaching $34.22. The company had a trading volume of 243,203 shares, compared to its average volume of 256,293. The company has a quick ratio of 2.57, a current ratio of 3.55 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average of $32.69 and a two-hundred day moving average of $33.52. The company has a market cap of $1.39 billion, a P/E ratio of 36.02, a P/E/G ratio of 1.27 and a beta of 1.36. Cadre has a 1 year low of $27.07 and a 1 year high of $40.28.

Cadre (NYSE:CDRE - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.10. The company had revenue of $130.11 million during the quarter, compared to analyst estimates of $121.53 million. Cadre had a net margin of 6.87% and a return on equity of 12.52%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. As a group, equities research analysts predict that Cadre will post 1.05 earnings per share for the current fiscal year.

Insider Activity at Cadre

In other Cadre news, CEO Warren B. Kanders sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $34.86, for a total transaction of $3,486,000.00. Following the completion of the transaction, the chief executive officer now owns 10,716,192 shares in the company, valued at $373,566,453.12. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 200,000 shares of company stock valued at $6,735,500. Corporate insiders own 37.00% of the company's stock.

Institutional Investors Weigh In On Cadre

Several large investors have recently bought and sold shares of CDRE. Assetmark Inc. bought a new stake in Cadre in the fourth quarter worth $31,000. Militia Capital Partners LP purchased a new position in shares of Cadre in the 1st quarter worth $49,000. State of Wyoming purchased a new position in Cadre in the first quarter worth about $69,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Cadre by 37.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,221 shares of the company's stock worth $125,000 after acquiring an additional 1,155 shares in the last quarter. Finally, US Bancorp DE grew its position in Cadre by 10.6% in the fourth quarter. US Bancorp DE now owns 4,178 shares of the company's stock worth $135,000 after acquiring an additional 400 shares in 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.