Key Points
- Cardinal Infrastructure Group COO Benjamin Wood bought 20,000 shares on May 27 at an average price of $51.30, making the transaction worth about $1.03 million.
- The purchase lifted Wood’s stake to 20,000 shares, and the trade was disclosed in an SEC filing.
- The stock was down 1.6% in Friday trading and recently opened at $52.10, while analysts’ views remain mixed with a consensus Hold rating and a $52.67 target price.
Cardinal Infrastructure Group Inc. (NASDAQ:CDNL - Get Free Report) COO Benjamin Wood acquired 20,000 shares of Cardinal Infrastructure Group stock in a transaction that occurred on Wednesday, May 27th. The shares were purchased at an average cost of $51.30 per share, with a total value of $1,026,000.00. Following the transaction, the chief operating officer owned 20,000 shares of the company's stock, valued at approximately $1,026,000. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Cardinal Infrastructure Group Stock Down 1.6%
CDNL opened at $52.10 on Friday. Cardinal Infrastructure Group Inc. has a 1 year low of $21.98 and a 1 year high of $63.18. The company's fifty day moving average price is $47.11.
Cardinal Infrastructure Group (NASDAQ:CDNL - Get Free Report) last released its quarterly earnings data on Monday, March 23rd. The company reported $1.98 earnings per share (EPS) for the quarter. The firm had revenue of $418.92 million for the quarter. As a group, analysts predict that Cardinal Infrastructure Group Inc. will post 1.99 earnings per share for the current year.
Hedge Funds Weigh In On Cardinal Infrastructure Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS bought a new position in Cardinal Infrastructure Group during the fourth quarter valued at about $850,000. Taylor Frigon Capital Management LLC bought a new position in Cardinal Infrastructure Group during the fourth quarter valued at about $1,209,000. TimesSquare Capital Management LLC bought a new position in Cardinal Infrastructure Group during the fourth quarter valued at about $14,612,000. Bastion Asset Management Inc. bought a new position in Cardinal Infrastructure Group during the first quarter valued at about $4,016,000. Finally, Emerald Advisers LLC increased its stake in Cardinal Infrastructure Group by 12.7% during the first quarter. Emerald Advisers LLC now owns 578,600 shares of the company's stock valued at $22,944,000 after acquiring an additional 65,245 shares during the period.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Zacks Research cut Cardinal Infrastructure Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 20th. DA Davidson boosted their price target on Cardinal Infrastructure Group from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Thursday, February 19th. Stifel Nicolaus boosted their price target on Cardinal Infrastructure Group from $41.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Oppenheimer assumed coverage on Cardinal Infrastructure Group in a research note on Thursday. They issued an "outperform" rating and a $60.00 price objective on the stock. Finally, Weiss Ratings assumed coverage on Cardinal Infrastructure Group in a research note on Monday, March 9th. They issued a "sell (e)" rating on the stock. 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. According to MarketBeat.com, Cardinal Infrastructure Group has a consensus rating of "Hold" and a consensus target price of $52.67.
Check Out Our Latest Report on Cardinal Infrastructure Group
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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