Roth Mkm Cuts Cadre (NYSE:CDRE) Price Target to $37.00

Cadre (NYSE:CDRE) had its price target reduced by Roth Mkm from $39.00 to $37.00 in a research report released on Thursday morning,Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Cadre Stock Performance

Cadre stock opened at $34.93 on Thursday. Cadre has a 12-month low of $28.46 and a 12-month high of $40.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.17 and a quick ratio of 2.14. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 42.08, a price-to-earnings-growth ratio of 2.21 and a beta of 1.30. The firm’s fifty day moving average price is $36.90 and its 200 day moving average price is $34.94.

Cadre (NYSE:CDRE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. Cadre had a return on equity of 13.44% and a net margin of 6.34%. The business had revenue of $109.41 million for the quarter, compared to analysts’ expectations of $126.27 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The company’s revenue was down 12.6% compared to the same quarter last year. On average, research analysts forecast that Cadre will post 1.04 EPS for the current fiscal year.

Cadre Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, November 1st. Cadre’s payout ratio is 42.17%.

Hedge Funds Weigh In On Cadre

Institutional investors have recently made changes to their positions in the business. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Cadre by 454.3% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,624 shares of the company’s stock valued at $55,000 after purchasing an additional 1,331 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Cadre during the 2nd quarter valued at approximately $141,000. Truist Financial Corp acquired a new stake in shares of Cadre during the 2nd quarter valued at approximately $209,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Cadre during the 2nd quarter valued at approximately $216,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Cadre during the 3rd quarter valued at approximately $220,000. 43.95% of the stock is 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.