Cadre Holdings, Inc. (NYSE:CDRE) Raises Dividend to $0.10 Per Share

Cadre Holdings, Inc. (NYSE:CDRE) declared a quarterly dividend on Tuesday, January 21st,RTT News reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.095 per share on Friday, February 14th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Cadre’s previous quarterly dividend of $0.09.

Cadre has raised its dividend payment by an average of 63.6% annually over the last three years. Cadre has a dividend payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cadre to earn $1.35 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 25.9%.

Cadre Stock Performance

Shares of Cadre stock opened at $39.02 on Wednesday. The firm has a market cap of $1.58 billion, a P/E ratio of 47.01, a P/E/G ratio of 1.75 and a beta of 1.24. The stock’s fifty day moving average price is $33.87 and its 200-day moving average price is $35.45. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. Cadre has a 12 month low of $29.18 and a 12 month high of $40.28.

Cadre (NYSE:CDRE) last posted its earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. Cadre had a return on equity of 12.88% and a net margin of 6.34%. The company had revenue of $109.41 million for the quarter, compared to analyst estimates of $126.27 million. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was down 12.6% compared to the same quarter last year. On average, equities research analysts expect that Cadre will post 1.06 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lowered their price objective on shares of Cadre from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.75.

Insider Transactions at Cadre

In other Cadre news, Director Nicolas Sokolow sold 10,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $33.78, for a total value of $337,800.00. Following the transaction, the director now owns 471,709 shares in the company, valued at approximately $15,934,330.02. This trade represents a 2.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Warren B. Kanders sold 50,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $32.68, for a total transaction of $1,634,000.00. Following the completion of the sale, the chief executive officer now owns 11,907,211 shares of the company’s stock, valued at $389,127,655.48. This trade represents a 0.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 226,310 shares of company stock worth $7,704,941 over the last quarter. 37.00% of the stock is currently owned by insiders.

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.