Cardinal Infrastructure Group (NASDAQ:CDNL) COO Acquires 25,700 Shares of Stock

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) COO Benjamin Wood bought 25,700 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $39.48 per share, for a total transaction of $1,014,636.00. Following the completion of the purchase, the chief operating officer owned 45,700 shares of the company’s stock, valued at $1,804,236. This represents a 128.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Benjamin Wood also recently made the following trade(s):

• On Wednesday, May 27th, Benjamin Wood purchased 20,000 shares of Cardinal Infrastructure Group stock. The stock was bought at an average cost of $51.30 per share, with a total value of $1,026,000.00.

Cardinal Infrastructure Group Stock Down 0.5%

Shares of NASDAQ CDNL traded down $0.19 during trading on Monday, hitting $39.23. 635,236 shares of the company traded hands, compared to its average volume of 520,471. The business’s fifty day moving average is $68.61 and its 200 day moving average is $50.36. Cardinal Infrastructure Group Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $96.40. The firm has a market capitalization of $1.68 billion and a price-to-earnings ratio of 170.57. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.59 and a current ratio of 3.59.

Cardinal Infrastructure Group (NASDAQ:CDNL) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The firm had revenue of $226.93 million for the quarter. Equities research analysts predict that Cardinal Infrastructure Group Inc. will post 1.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Oppenheimer cut their price target on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th. Zacks Research downgraded Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Stifel Nicolaus lowered their target price on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $52.33.

Institutional Investors Weigh In On Cardinal Infrastructure Group

Several hedge funds and other institutional investors have recently made changes to their positions in CDNL. California State Teachers Retirement System acquired a new stake in shares of Cardinal Infrastructure Group in the 1st quarter worth about $28,000. Strs Ohio bought a new position in Cardinal Infrastructure Group in the 1st quarter valued at about $87,000. Barclays PLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter valued at about $152,000. Zuckerman Investment Group LLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter valued at about $242,000. Finally, XTX Topco Ltd bought a new stake in Cardinal Infrastructure Group during the 4th quarter worth approximately $242,000.

About Cardinal Infrastructure Group

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.