Cardinal Infrastructure Group (NASDAQ:CDNL) COO Acquires $1,014,636.00 in Stock

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) COO Benjamin Wood acquired 25,700 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was acquired at an average price of $39.48 per share, with a total value of $1,014,636.00. Following the acquisition, the chief operating officer directly owned 45,700 shares of the company’s stock, valued at approximately $1,804,236. This represents a 128.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through 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 acquired at an average price of $51.30 per share, with a total value of $1,026,000.00.

Cardinal Infrastructure Group Trading Down 4.0%

CDNL opened at $43.33 on Thursday. Cardinal Infrastructure Group Inc. has a 12 month low of $21.98 and a 12 month high of $96.40. The stock has a market capitalization of $1.86 billion and a price-to-earnings ratio of 78.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.59 and a quick ratio of 3.59. The business has a fifty day moving average price of $67.48 and a 200 day moving average price of $50.70.

Cardinal Infrastructure Group (NASDAQ:CDNL) last issued its earnings results on Tuesday, August 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $226.93 million for the quarter. Sell-side analysts expect that Cardinal Infrastructure Group Inc. will post 1.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CDNL. Stifel Nicolaus dropped their target price on shares of 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. Zacks Research lowered Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Finally, Oppenheimer reduced their target price on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Cardinal Infrastructure Group has an average rating of “Hold” and an average target price of $52.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in Cardinal Infrastructure Group in the 1st quarter valued at approximately $28,000. Strs Ohio acquired a new position in Cardinal Infrastructure Group during the first quarter worth $87,000. Barclays PLC acquired a new position in Cardinal Infrastructure Group during the fourth quarter worth $152,000. GatePass Capital LLC purchased a new stake in Cardinal Infrastructure Group during the first quarter worth $274,000. Finally, Wasatch Advisors LP grew its holdings in Cardinal Infrastructure Group by 1.3% in the first quarter. Wasatch Advisors LP now owns 693,050 shares of the company’s stock valued at $27,483,000 after purchasing an additional 9,064 shares during the last quarter.

Cardinal Infrastructure Group Company Profile

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.