Cardinal Infrastructure Group (NASDAQ:CDNL) Trading Down 8.5% – Here’s What Happened

Posted by George Bondi on Jul 1st, 2026

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL – Get Free Report) traded down 8.5% on Wednesday . The company traded as low as $86.76 and last traded at $86.1530. 640,660 shares traded hands during mid-day trading, an increase of 44% from the average session volume of 445,354 shares. The stock had previously closed at $94.20.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CDNL shares. Stifel Nicolaus increased 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. Weiss Ratings raised Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Oppenheimer increased their target price on Cardinal Infrastructure Group from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, June 15th. Finally, Zacks Research cut Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $59.33.

Get Our Latest Stock Analysis on Cardinal Infrastructure Group

Cardinal Infrastructure Group Price Performance

The business’s 50 day moving average is $60.93. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.73.

Cardinal Infrastructure Group (NASDAQ:CDNL – Get Free Report) last released its 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. On average, equities analysts anticipate that Cardinal Infrastructure Group Inc. will post 1.87 EPS for the current fiscal year.

Insider Activity at Cardinal Infrastructure Group

In related news, COO Benjamin Wood bought 20,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average price of $51.30 per share, with a total value of $1,026,000.00. Following the completion of the acquisition, the chief operating officer owned 20,000 shares of the company’s stock, valued at $1,026,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 61.70% of the company’s stock.

Institutional Trading of Cardinal Infrastructure Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kornitzer Capital Management Inc. KS bought a new stake in Cardinal Infrastructure Group during the 4th quarter worth approximately $850,000. Taylor Frigon Capital Management LLC bought a new position in shares of Cardinal Infrastructure Group during the fourth quarter valued at $1,209,000. Wasatch Advisors LP raised its stake in shares of Cardinal Infrastructure Group by 1.3% during the first quarter. Wasatch Advisors LP now owns 693,050 shares of the company’s stock valued at $27,483,000 after acquiring an additional 9,064 shares during the last quarter. AYAL Capital Advisors Ltd acquired a new position in shares of Cardinal Infrastructure Group during the fourth quarter worth $2,278,000. Finally, Brant Point Investment Management LLC bought a new stake in shares of Cardinal Infrastructure Group in the fourth quarter worth $2,490,000.

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.