Key Points
- Ivy Zelman, a director of Cardinal Infrastructure Group, purchased 6,921 shares on March 26 at an average price of $36.33, a buy valued at about $251,440 that raised her holdings to 15,326 shares (an 82.34% increase).
- The stock is trading near its one‑year high ($37.48) with a 50‑day moving average of $29.48, and analysts are mixed but leaning positive — MarketBeat shows an average "Moderate Buy" rating and a $36.50 target after recent upgrades while several hedge funds initiated new positions in Q4.
Cardinal Infrastructure Group Inc. (NASDAQ:CDNL - Get Free Report) Director Ivy Zelman bought 6,921 shares of the business's stock in a transaction on Thursday, March 26th. The stock was purchased at an average price of $36.33 per share, with a total value of $251,439.93. Following the completion of the transaction, the director directly owned 15,326 shares of the company's stock, valued at $556,793.58. This trade represents a 82.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Cardinal Infrastructure Group Stock Performance
CDNL opened at $36.30 on Friday. Cardinal Infrastructure Group Inc. has a one year low of $21.98 and a one year high of $37.48. The stock has a fifty day moving average price of $29.48.
Hedge Funds Weigh In On Cardinal Infrastructure Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in Cardinal Infrastructure Group in the 4th quarter worth about $152,000. Zuckerman Investment Group LLC acquired a new position in shares of Cardinal Infrastructure Group in the fourth quarter worth about $242,000. XTX Topco Ltd purchased a new position in shares of Cardinal Infrastructure Group in the fourth quarter worth approximately $242,000. Oxford Asset Management LLP purchased a new stake in shares of Cardinal Infrastructure Group in the 4th quarter valued at approximately $355,000. Finally, HRT Financial LP acquired a new position in Cardinal Infrastructure Group in the 4th quarter worth approximately $586,000.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. DA Davidson raised their price objective on shares of Cardinal Infrastructure Group from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Stifel Nicolaus boosted their target price on shares of Cardinal Infrastructure Group from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, March 20th. Weiss Ratings started coverage on shares of Cardinal Infrastructure Group in a report on Monday, March 9th. They set a "sell (e)" rating for the company. Finally, Zacks Research upgraded shares of Cardinal Infrastructure Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Cardinal Infrastructure Group presently has an average rating of "Moderate Buy" and an average target price of $36.50.
View Our Latest Stock Analysis on CDNL
Cardinal Infrastructure Group Company Profile
(
Get Free Report)
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.
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