Key Points
- Director Richard Bennett Wimmer bought 7,500 CDNL shares at an average price of $39.13, investing $293,475 and increasing his direct stake by 34.33%.
- Cardinal Infrastructure’s latest quarter fell short of expectations, with EPS of $0.26 versus the $0.48 consensus estimate, despite $226.93 million in revenue.
- Analysts hold a consensus “Hold” rating with a $52.33 price target; recent target cuts and the stock’s elevated price-to-earnings ratio of 82.07 reflect uncertainty.
Cardinal Infrastructure Group Inc. (NASDAQ:CDNL - Get Free Report) Director Richard Bennett Wimmer purchased 7,500 shares of the company's stock in a transaction dated Monday, August 17th. The shares were acquired at an average cost of $39.13 per share, with a total value of $293,475.00. Following the purchase, the director directly owned 29,349 shares of the company's stock, valued at approximately $1,148,426.37. The trade was a 34.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Cardinal Infrastructure Group Stock Performance
Shares of Cardinal Infrastructure Group stock opened at $45.14 on Wednesday. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.32. Cardinal Infrastructure Group Inc. has a twelve month low of $21.98 and a twelve month high of $96.40. The stock has a market cap of $1.94 billion and a price-to-earnings ratio of 82.07. The company's fifty day moving average is $67.83 and its 200 day moving average is $50.58.
Cardinal Infrastructure Group (NASDAQ:CDNL - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.22). The company had revenue of $226.93 million during the quarter. Sell-side analysts forecast that Cardinal Infrastructure Group Inc. will post 1.82 EPS for the current year.
Analyst Upgrades and Downgrades
CDNL has been the topic of a number of recent analyst reports. Weiss Ratings raised Cardinal Infrastructure Group from a "sell (e)" rating to a "sell (e+)" rating in a research note on Monday, June 1st. Oppenheimer decreased their target price on shares of Cardinal Infrastructure Group from $80.00 to $70.00 and set an "outperform" rating for the company in a research report on Wednesday, August 12th. Stifel Nicolaus lowered their price target on shares of Cardinal Infrastructure Group from $63.00 to $52.00 and set a "buy" rating for the company in a report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Cardinal Infrastructure Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $52.33.
Read Our Latest Stock Report on Cardinal Infrastructure Group
Trending Headlines about Cardinal Infrastructure Group
Here are the key news stories impacting Cardinal Infrastructure Group this week:
- Positive Sentiment: Company insiders purchased a combined 214,597 shares worth approximately $8.3 million between August 14 and 17. CEO Jeremy Simmons Spivey bought 83,350 shares, COO Benjamin Wood purchased 25,700, and directors Anthony Leon Jr. Wood, Richard Melvin Jr. Lee, Ivy Zelman and Richard Bennett Wimmer also made significant purchases. These transactions substantially increased their personal holdings and may signal that management views the recent weakness as an attractive entry point. Jeremy Simmons Spivey SEC filing Benjamin Wood SEC filing Richard Bennett Wimmer SEC filing
- Neutral Sentiment: Analysts maintain a consensus “Hold” rating and an average price target of $52.33, which is above recent trading levels. However, Oppenheimer and Stifel recently lowered their targets to $70 and $52, respectively, while Zacks downgraded the stock to “Hold,” reflecting heightened uncertainty.
- Negative Sentiment: Cardinal Infrastructure’s latest quarterly results were weak relative to expectations: adjusted EPS was $0.26 versus the $0.48 consensus estimate, although revenue reached $226.93 million. The earnings miss and elevated valuation may limit upside and contribute to volatility.
- Negative Sentiment: Block & Leviton announced an investigation into potential securities-law violations involving CDNL. The announcement does not establish wrongdoing, but any resulting litigation, legal costs or reputational damage could weigh on investor sentiment. Block and Leviton investigation
Institutional Trading of Cardinal Infrastructure Group
A number of large investors have recently bought and sold shares of CDNL. Schonfeld Strategic Advisors LLC bought a new position in shares of Cardinal Infrastructure Group in the 4th quarter worth about $31,082,000. Ophir Asset Management Pty Ltd bought a new stake in shares of Cardinal Infrastructure Group during the 4th quarter valued at about $23,865,000. Wasatch Advisors LP acquired a new stake in Cardinal Infrastructure Group during the fourth quarter worth approximately $16,539,000. Adage Capital Partners GP L.L.C. acquired a new stake in Cardinal Infrastructure Group during the fourth quarter worth approximately $14,992,000. Finally, TimesSquare Capital Management LLC bought a new stake in Cardinal Infrastructure Group in the fourth quarter worth approximately $14,612,000.
About Cardinal Infrastructure Group
(
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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