Cadre Holdings, Inc. (NYSE:CDRE) Declares Dividend Increase – $0.10 Per Share

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

Cadre has raised its dividend by an average of 63.6% per year over the last three years. Cadre has a dividend payout ratio of 22.3% indicating that its dividend is sufficiently covered by earnings. 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 Up 2.2 %

Shares of CDRE stock traded up $0.83 during trading hours on Tuesday, hitting $39.02. 641,321 shares of the company’s stock traded hands, compared to its average volume of 297,093. The stock’s fifty day simple moving average is $33.78 and its two-hundred day simple moving average is $35.42. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 47.01, a PEG ratio of 1.75 and a beta of 1.24. Cadre has a 12-month low of $29.18 and a 12-month high of $40.28. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65.

Cadre (NYSE:CDRE) last issued its earnings results on Wednesday, November 6th. The company reported $0.09 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 business had revenue of $109.41 million for the quarter, compared to the consensus estimate of $126.27 million. During the same period last year, the business posted $0.29 EPS. The company’s revenue was down 12.6% compared to the same quarter last year. On average, analysts expect that Cadre will post 1.06 EPS for the current year.

Insiders Place Their Bets

In other news, Director Nicolas Sokolow sold 10,000 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.78, for a total value of $337,800.00. Following the sale, the director now owns 471,709 shares of the company’s stock, valued at approximately $15,934,330.02. This represents a 2.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Warren B. Kanders sold 7,964 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $32.09, for a total transaction of $255,564.76. Following the transaction, the chief executive officer now owns 11,899,247 shares in the company, valued at $381,846,836.23. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,310 shares of company stock valued at $7,704,941 in the last three months. Corporate insiders own 37.00% of the company’s stock.

Analysts Set New Price Targets

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

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.