Shares of Cardinal Infrastructure Group Inc. (NASDAQ:CDNL – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $67.17 and last traded at $67.1610, with a volume of 56679 shares traded. The stock had previously closed at $65.29.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Oppenheimer assumed coverage on Cardinal Infrastructure Group in a research report on Thursday, May 28th. They set an “outperform” rating and a $60.00 price target for the company. 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. Zacks Research lowered Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. 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, DA Davidson boosted their price objective on Cardinal Infrastructure Group from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $52.67.
Get Our Latest Analysis on Cardinal Infrastructure Group
Cardinal Infrastructure Group Price Performance
Cardinal Infrastructure Group (NASDAQ:CDNL – Get Free Report) last posted its quarterly earnings results on Monday, March 23rd. The company reported $1.98 earnings per share for the quarter. The business had revenue of $418.92 million for the quarter. As a group, equities research analysts anticipate that Cardinal Infrastructure Group Inc. will post 1.84 EPS for the current fiscal year.
Insider Buying and Selling at Cardinal Infrastructure Group
In other news, COO Benjamin Wood bought 20,000 shares of the stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $51.30 per share, for a total transaction of $1,026,000.00. Following the completion of the purchase, the chief operating officer directly owned 20,000 shares of the company’s stock, valued at $1,026,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ivy Zelman bought 6,921 shares of the stock in a transaction on Thursday, March 26th. The stock was purchased at an average price of $36.33 per share, for a total transaction of $251,439.93. Following the purchase, the director directly owned 15,326 shares of the company’s stock, valued at approximately $556,793.58. This represents a 82.34% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 61.70% of the stock is currently owned by insiders.
Institutional Trading of Cardinal Infrastructure Group
Several large investors have recently made changes to their positions in CDNL. Schonfeld Strategic Advisors LLC bought a new stake in shares of Cardinal Infrastructure Group during 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 worth about $23,865,000. Wasatch Advisors LP bought a new stake in shares of Cardinal Infrastructure Group during the 4th quarter worth about $16,539,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of Cardinal Infrastructure Group during the 4th quarter worth about $14,992,000. Finally, TimesSquare Capital Management LLC bought a new stake in shares of Cardinal Infrastructure Group during the 4th quarter worth about $14,612,000.
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.
Featured Stories
- Five stocks we like better than Cardinal Infrastructure Group
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
- ERock IPO: A $1.3B Power Play Solution
Receive News & Ratings for Cardinal Infrastructure Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cardinal Infrastructure Group and related companies with MarketBeat.com's FREE daily email newsletter.
