Strs Ohio Buys Shares of 11,300 Cadre Holdings, Inc. (NYSE:CDRE)

Strs Ohio purchased a new position in shares of Cadre Holdings, Inc. (NYSE:CDRE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,300 shares of the company’s stock, valued at approximately $371,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legato Capital Management LLC purchased a new stake in shares of Cadre during the fourth quarter worth about $245,000. FMR LLC grew its holdings in shares of Cadre by 12.4% during the third quarter. FMR LLC now owns 5,637,904 shares of the company’s stock worth $150,250,000 after buying an additional 621,116 shares in the last quarter. Oak Ridge Investments LLC purchased a new stake in shares of Cadre during the fourth quarter worth about $1,930,000. Vanguard Group Inc. grew its holdings in shares of Cadre by 2.0% during the third quarter. Vanguard Group Inc. now owns 931,296 shares of the company’s stock worth $24,819,000 after buying an additional 18,173 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Cadre during the fourth quarter worth about $229,000. 43.95% of the stock is currently owned by hedge funds and other institutional investors.

Cadre Trading Up 0.1 %

Shares of CDRE stock opened at $33.12 on Monday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 32.47, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32. 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 Holdings, Inc. has a fifty-two week low of $19.13 and a fifty-two week high of $39.81. The firm’s 50 day moving average price is $35.40 and its two-hundred day moving average price is $33.09.

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

Cadre Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 3rd will be issued a $0.0875 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.35 annualized dividend and a yield of 1.06%. Cadre’s dividend payout ratio is presently 34.31%.

Insider Activity at Cadre

In related news, CEO Warren B. Kanders sold 1,438,127 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $35.00, for a total value 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 49.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.