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

Cadre Holdings, Inc. (NYSE:CDRE) announced a quarterly dividend on Tuesday, January 21st,RTT News reports. Shareholders 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 annualized dividend and a yield of 0.97%. This is a boost from Cadre’s previous quarterly dividend of $0.09.

Cadre has increased 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. Equities 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 Up 2.2 %

Shares of CDRE traded up $0.83 during midday trading on Tuesday, hitting $39.02. 641,321 shares of the company’s stock traded hands, compared to its average volume of 297,093. The company has a current ratio of 3.01, a quick ratio of 1.96 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 47.01, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24. Cadre has a 1 year low of $29.18 and a 1 year high of $40.28. The firm’s fifty day moving average is $33.78 and its 200-day moving average is $35.42.

Cadre (NYSE:CDRE) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $126.27 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cadre will post 1.06 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Cadre news, Director Nicolas Sokolow sold 10,000 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $33.78, for a total transaction of $337,800.00. Following the sale, the director now directly owns 471,709 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link. Also, CEO Warren B. Kanders sold 25,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $35.29, for a total value of $882,250.00. Following the completion of the transaction, the chief executive officer now directly owns 11,407,211 shares of the company’s stock, valued at approximately $402,560,476.19. This trade represents a 0.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,310 shares of company stock valued at $7,704,941 over the last quarter. 37.00% of the stock is currently owned by company insiders.

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.