Vanguard Group Inc. Buys 18,173 Shares of Cadre Holdings, Inc. (NYSE:CDRE)

Vanguard Group Inc. grew its position in shares of Cadre Holdings, Inc. (NYSE:CDRE) by 2.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 931,296 shares of the company’s stock after buying an additional 18,173 shares during the quarter. Vanguard Group Inc.’s holdings in Cadre were worth $24,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Point72 Middle East FZE purchased a new stake in shares of Cadre during the fourth quarter valued at approximately $37,000. Covestor Ltd grew its holdings in shares of Cadre by 49,625.0% during the third quarter. Covestor Ltd now owns 1,989 shares of the company’s stock valued at $53,000 after buying an additional 1,985 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Cadre by 75.8% during the third 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 during the last quarter. Federated Hermes Inc. purchased a new stake in shares of Cadre during the first quarter valued at approximately $60,000. Finally, State of Wyoming purchased a new stake in shares of Cadre during the fourth quarter valued at approximately $87,000. Hedge funds and other institutional investors own 43.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CDRE. Raymond James cut shares of Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Roth Mkm restated a “buy” rating and issued a $43.00 target price (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Stephens raised their target price on shares of Cadre from $36.00 to $40.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. B. Riley restated a “buy” rating and issued a $48.00 target price (up previously from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Finally, Stifel Nicolaus raised their target price on shares of Cadre from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Cadre currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.25.

Insider Activity

In other news, CEO Warren B. Kanders sold 1,438,127 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now directly owns 12,184,918 shares in the company, valued at approximately $426,472,130. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 49.20% of the company’s stock.

Cadre Trading Down 1.8 %

Shares of Cadre stock opened at $33.58 on Friday. The company’s fifty day simple moving average is $35.74 and its 200-day simple moving average is $32.57. The stock has a market capitalization of $1.26 billion, a PE ratio of 32.92, a P/E/G ratio of 1.78 and a beta of 1.32. Cadre Holdings, Inc. has a 1-year low of $19.13 and a 1-year high of $39.81. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.58 and a quick ratio of 1.73.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Tuesday, March 5th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.11. The business had revenue of $124.58 million for the quarter, compared to analysts’ expectations of $122.30 million. Cadre had a net margin of 8.01% and a return on equity of 21.85%. As a group, equities analysts anticipate that Cadre Holdings, Inc. will post 1.18 earnings per share for the current year.

Cadre Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 1.04%. This is an increase from Cadre’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, February 1st. Cadre’s dividend payout ratio (DPR) is presently 34.31%.

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.