Benjamin Wood Buys 25,700 Shares of Cardinal Infrastructure Group (NASDAQ:CDNL) Stock

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) COO Benjamin Wood bought 25,700 shares of the business’s stock in a transaction on Friday, August 14th. The shares were acquired at an average price of $39.48 per share, with a total value of $1,014,636.00. Following the completion of the purchase, the chief operating officer directly owned 45,700 shares of the company’s stock, valued at approximately $1,804,236. The trade was a 128.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Benjamin Wood also recently made the following trade(s):

• On Wednesday, May 27th, Benjamin Wood bought 20,000 shares of Cardinal Infrastructure Group stock. The stock was acquired at an average cost of $51.30 per share, for a total transaction of $1,026,000.00.

Cardinal Infrastructure Group Trading Up 15.1%

Shares of CDNL opened at $45.14 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.59 and a current ratio of 3.59. Cardinal Infrastructure Group Inc. has a 52-week low of $21.98 and a 52-week high of $96.40. The firm has a market cap of $1.94 billion and a price-to-earnings ratio of 82.07. The business’s fifty day moving average is $67.83 and its 200-day moving average is $50.58.

Cardinal Infrastructure Group (NASDAQ:CDNL) last announced its quarterly earnings data 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 during the quarter. Equities analysts anticipate that Cardinal Infrastructure Group Inc. will post 1.82 EPS for the current fiscal year.

Institutional Investors Weigh In On Cardinal Infrastructure Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CDNL. California State Teachers Retirement System acquired a new position in Cardinal Infrastructure Group in the 1st quarter worth about $28,000. Strs Ohio bought a new position in Cardinal Infrastructure Group in the first quarter valued at about $87,000. Barclays PLC acquired a new stake in shares of Cardinal Infrastructure Group during the fourth quarter valued at about $152,000. Zuckerman Investment Group LLC bought a new stake in shares of Cardinal Infrastructure Group during the fourth quarter worth about $242,000. Finally, XTX Topco Ltd bought a new stake in shares of Cardinal Infrastructure Group during the fourth quarter worth about $242,000.

Key Stories Impacting 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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CDNL shares. Weiss Ratings upgraded shares of Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Monday, June 1st. Stifel Nicolaus lowered their price objective on shares of Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Zacks Research downgraded shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Oppenheimer dropped their price objective on shares of Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.