Cardinal Infrastructure Group (NASDAQ:CDNL) Director Acquires $293,475.00 in Stock

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) Director Richard Bennett Wimmer bought 7,500 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $39.13 per share, for a total transaction of $293,475.00. Following the completion of the transaction, the director owned 29,349 shares in the company, valued at $1,148,426.37. This trade represents a 34.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Cardinal Infrastructure Group Stock Performance

CDNL opened at $42.25 on Friday. Cardinal Infrastructure Group Inc. has a 12-month low of $21.98 and a 12-month high of $96.40. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.81 billion and a PE ratio of 76.82. The firm has a 50 day moving average of $67.02 and a two-hundred day moving average of $50.82.

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

Institutional Trading of Cardinal Infrastructure Group

Several institutional investors have recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS acquired a new position in Cardinal Infrastructure Group during the fourth quarter worth $850,000. TimesSquare Capital Management LLC purchased a new stake in shares of Cardinal Infrastructure Group in the 4th quarter valued at $14,612,000. Goldman Sachs Group Inc. purchased a new stake in shares of Cardinal Infrastructure Group in the 4th quarter valued at $3,893,000. CenterBook Partners LP acquired a new position in Cardinal Infrastructure Group during the 4th quarter worth about $1,994,000. Finally, Nuveen LLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter worth about $7,246,000.

Analyst Ratings Changes

CDNL has been the topic of several research reports. Oppenheimer decreased their target price on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. Zacks Research cut Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings raised Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Finally, Stifel Nicolaus decreased their price objective on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $52.33.

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.