Cadre Holdings, Inc. to Issue Quarterly Dividend of $0.09 (NYSE:CDRE)

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Stockholders of record on Friday, May 3rd will be given a dividend of 0.0875 per share on Friday, May 17th. This represents a $0.35 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Thursday, May 2nd.

Cadre has a dividend payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Cadre to earn $1.33 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 26.3%.

Cadre Stock Performance

Shares of CDRE stock traded down $0.33 on Thursday, hitting $33.10. 224,702 shares of the stock were exchanged, compared to its average volume of 253,043. The company has a current ratio of 2.58, a quick ratio of 1.73 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.24 billion, a PE ratio of 32.45, a P/E/G ratio of 1.76 and a beta of 1.32. Cadre has a one year low of $19.13 and a one year high of $39.81. The firm’s 50 day moving average is $35.48 and its two-hundred day moving average is $32.98.

Cadre (NYSE:CDRE) last posted 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 company had revenue of $124.58 million during the quarter, compared to the consensus estimate of $122.30 million. Cadre had a return on equity of 21.85% and a net margin of 8.01%. Sell-side analysts expect that Cadre will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Cadre

In related news, CEO Warren B. Kanders sold 1,438,127 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $35.00, for a total transaction of $50,334,445.00. Following the transaction, the chief executive officer now directly owns 12,184,918 shares of the company’s stock, valued at approximately $426,472,130. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 49.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Raymond James cut Cadre from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. B. Riley reissued a “buy” rating and set a $48.00 price objective (up previously from $40.00) on shares of Cadre in a report on Wednesday, March 6th. Roth Mkm reaffirmed a “buy” rating and issued a $43.00 price target (up previously from $38.00) on shares of Cadre in a report on Wednesday, March 6th. Stifel Nicolaus raised their price target on Cadre from $33.00 to $34.00 and gave the company a “hold” rating in a report on Wednesday, March 6th. Finally, Stephens raised their price target on Cadre from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.