Cadre Holdings, Inc. (NYSE:CDRE) Receives $37.50 Average PT from Analysts

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $37.50.

Several equities analysts recently commented on the company. Wall Street Zen upgraded Cadre from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Lake Street Capital upped their target price on Cadre from $41.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Roth Capital reaffirmed a “buy” rating and set a $44.00 price target on shares of Cadre in a research note on Friday, October 10th. B. Riley reissued a “buy” rating on shares of Cadre in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cadre in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On Cadre

Large investors have recently bought and sold shares of the business. Huntington National Bank grew its holdings in shares of Cadre by 48.4% during the second quarter. Huntington National Bank now owns 960 shares of the company’s stock valued at $31,000 after purchasing an additional 313 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Cadre by 585.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 974 shares of the company’s stock worth $35,000 after buying an additional 832 shares during the last quarter. Assetmark Inc. increased its position in Cadre by 43.1% in the second quarter. Assetmark Inc. now owns 1,395 shares of the company’s stock worth $44,000 after buying an additional 420 shares during the period. Militia Capital Partners LP acquired a new position in Cadre during the 1st quarter valued at about $49,000. Finally, State of Alaska Department of Revenue bought a new position in Cadre in the 3rd quarter worth about $74,000. Institutional investors own 43.95% of the company’s stock.

Cadre Stock Down 3.5%

CDRE stock opened at $43.54 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.64 and a quick ratio of 2.56. The company’s 50 day simple moving average is $37.32 and its 200-day simple moving average is $34.09. The firm has a market capitalization of $1.77 billion, a PE ratio of 38.87, a P/E/G ratio of 1.63 and a beta of 1.36. Cadre has a 12 month low of $27.07 and a 12 month high of $46.64.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Cadre had a return on equity of 13.94% and a net margin of 7.33%.The company had revenue of $155.87 million during the quarter, compared to analysts’ expectations of $158.96 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was up 42.5% compared to the same quarter last year. Cadre has set its FY 2025 guidance at EPS. Equities analysts expect that Cadre will post 1.05 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 14th. Stockholders of record on Friday, October 31st will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.38 annualized dividend and a dividend yield of 0.9%. Cadre’s payout ratio is 33.93%.

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.