Cadre (NYSE:CDRE) Stock Acquired Rep. Josh Gottheimer

Posted by Paula Ricardo on Jan 16th, 2025

Representative Josh Gottheimer (D-New Jersey) recently bought shares of Cadre Holdings, Inc. (NYSE:CDRE). In a filing disclosed on January 14th, the Representative disclosed that they had bought between $1,001 and $15,000 in Cadre stock on December 6th.

Representative Josh Gottheimer also recently made the following trade(s):

Purchased $1,001 – $15,000 in shares of Block (NYSE:SQ) on 12/30/2024.
Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 12/30/2024.
Sold $1,001 – $15,000 in shares of Ambev (NYSE:ABEV) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Grupo Financiero Banorte (OTCMKTS:GBOOY) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Cadre (NYSE:CDRE) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Coloplast A/S (OTCMKTS:CLPBY) on 12/27/2024.
Sold $1,001 – $15,000 in shares of Intuitive Surgical (NASDAQ:ISRG) on 12/23/2024.
Sold $1,001 – $15,000 in shares of Trane Technologies (NYSE:TT) on 12/23/2024.
Purchased $1,001 – $15,000 in shares of Walmart (NYSE:WMT) on 12/20/2024.
Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 12/19/2024.

Cadre Stock Up 3.0 %

Shares of NYSE CDRE traded up $1.03 during trading on Thursday, hitting $35.48. The stock had a trading volume of 89,304 shares, compared to its average volume of 229,955. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.01 and a quick ratio of 1.96. The firm has a fifty day moving average of $33.61 and a two-hundred day moving average of $35.33. Cadre Holdings, Inc. has a 12 month low of $29.18 and a 12 month high of $40.28. The company has a market capitalization of $1.44 billion, a PE ratio of 42.75, a PEG ratio of 1.50 and a beta of 1.24.

Cadre (NYSE:CDRE – Get Free Report) last released 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 during the quarter, compared to analyst estimates of $126.27 million. During the same period in the prior year, the company posted $0.29 earnings per share. Cadre’s quarterly revenue was down 12.6% on a year-over-year basis. As a group, equities research analysts forecast that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, November 1st. Cadre’s dividend payout ratio (DPR) is presently 42.17%.

Institutional Trading of Cadre

A number of hedge funds and other institutional investors have recently made changes to their positions in CDRE. Arizona State Retirement System lifted its holdings in shares of Cadre by 16.8% in the second quarter. Arizona State Retirement System now owns 7,239 shares of the company’s stock worth $243,000 after buying an additional 1,041 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Cadre by 9.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,364 shares of the company’s stock valued at $735,000 after purchasing an additional 1,721 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Cadre by 20.2% in the second quarter. Sei Investments Co. now owns 10,554 shares of the company’s stock worth $354,000 after purchasing an additional 1,777 shares during the period. Principal Financial Group Inc. raised its position in shares of Cadre by 18.4% in the third quarter. Principal Financial Group Inc. now owns 18,390 shares of the company’s stock worth $698,000 after buying an additional 2,856 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Cadre by 29.7% during the second quarter. The Manufacturers Life Insurance Company now owns 13,706 shares of the company’s stock worth $460,000 after buying an additional 3,141 shares in the last quarter. 43.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm dropped their target price 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Cadre currently has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Read Our Latest Research Report on CDRE

Insiders Place Their Bets

In other news, Director Nicolas Sokolow sold 1,095 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $34.10, for a total value of $37,339.50. Following the completion of the sale, the director now owns 83,208 shares of the company’s stock, valued at approximately $2,837,392.80. This represents a 1.30 % 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 7,964 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $32.09, for a total value of $255,564.76. Following the transaction, the chief executive officer now directly owns 11,899,247 shares in the company, valued at $381,846,836.23. This trade represents a 0.07 % 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 in the last ninety days. 37.00% of the stock is currently owned by insiders.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey’s 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey’s 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer’s career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer’s committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

Cadre Company Profile

(Get Free Report)

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.