Principal Financial Group Inc. Raises Stock Position in Cadre Holdings, Inc. (NYSE:CDRE)

Principal Financial Group Inc. lifted its position in Cadre Holdings, Inc. (NYSE:CDRE) by 18.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,390 shares of the company’s stock after purchasing an additional 2,856 shares during the period. Principal Financial Group Inc.’s holdings in Cadre were worth $698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CDRE. Loomis Sayles & Co. L P boosted its stake in shares of Cadre by 21.6% during the third quarter. Loomis Sayles & Co. L P now owns 940,731 shares of the company’s stock valued at $35,701,000 after purchasing an additional 167,214 shares in the last quarter. Fred Alger Management LLC lifted its holdings in Cadre by 87.5% during the third quarter. Fred Alger Management LLC now owns 738,121 shares of the company’s stock worth $28,012,000 after buying an additional 344,483 shares during the period. Geode Capital Management LLC boosted its position in Cadre by 15.1% during the 3rd quarter. Geode Capital Management LLC now owns 583,678 shares of the company’s stock valued at $22,155,000 after acquiring an additional 76,750 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cadre by 30.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 411,056 shares of the company’s stock valued at $13,794,000 after acquiring an additional 95,233 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of Cadre by 22.5% in the 2nd quarter. Renaissance Technologies LLC now owns 312,500 shares of the company’s stock worth $10,488,000 after acquiring an additional 57,400 shares in the last quarter. Institutional investors own 43.95% of the company’s stock.

Insider Buying and Selling

In related news, CEO Warren B. Kanders sold 25,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $35.29, for a total transaction of $882,250.00. Following the completion of the transaction, the chief executive officer now directly owns 11,407,211 shares in the company, valued at $402,560,476.19. The trade was a 0.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nicolas Sokolow sold 10,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $33.78, for a total transaction of $337,800.00. Following the completion of the sale, the director now directly owns 471,709 shares in the company, valued at approximately $15,934,330.02. The trade was a 2.08 % 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 over the last quarter. 37.00% of the stock is currently owned by company insiders.

Cadre Stock Performance

CDRE opened at $32.58 on Monday. The company has a market cap of $1.32 billion, a P/E ratio of 39.25, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a quick ratio of 1.96, a current ratio of 3.01 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $34.16 and its 200-day moving average price is $35.32. Cadre Holdings, Inc. has a 52-week low of $29.18 and a 52-week high of $40.28.

Cadre (NYSE:CDRE) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $109.41 million during the quarter, compared to analysts’ expectations of $126.27 million. Cadre had a net margin of 6.34% and a return on equity of 12.88%. The business’s quarterly revenue was down 12.6% on a year-over-year basis. During the same quarter last year, the company posted $0.29 earnings per share. As a group, equities analysts anticipate that Cadre Holdings, Inc. will post 1.05 EPS for the current fiscal year.

Cadre Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend was Friday, November 1st. Cadre’s payout ratio is 42.17%.

Wall Street Analyst Weigh In

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

Cadre 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.