Cardinal Infrastructure Group (NASDAQ:CDNL) Stock Price Up 8.2% – Here’s Why

Posted by Geri Gentry on Aug 14th, 2026

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL – Get Free Report) traded up 8.2% during mid-day trading on Friday . The company traded as high as $36.99 and last traded at $37.5030. Approximately 273,678 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 512,004 shares. The stock had previously closed at $34.66.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CDNL. Weiss Ratings raised shares of Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Zacks Research lowered Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Oppenheimer dropped their price target on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus cut their price objective on Cardinal Infrastructure Group from $63.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $52.33.

Read Our Latest Analysis on CDNL

Cardinal Infrastructure Group Price Performance

The firm has a market capitalization of $1.66 billion and a PE ratio of 168.22. The firm’s fifty day moving average price is $69.03 and its 200 day moving average price is $50.28. 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 issued 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 for the quarter. As a group, equities analysts forecast that Cardinal Infrastructure Group Inc. will post 1.88 earnings per share for the current year.

Insider Buying and Selling at Cardinal Infrastructure Group

In related news, COO Benjamin Wood acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average price of $51.30 per share, with a total value of $1,026,000.00. Following the acquisition, the chief operating officer directly owned 20,000 shares in the company, valued at $1,026,000. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 61.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CDNL. Taylor Frigon Capital Management LLC purchased a new stake in Cardinal Infrastructure Group in the 4th quarter worth approximately $1,209,000. Kornitzer Capital Management Inc. KS purchased a new stake in Cardinal Infrastructure Group during the fourth quarter worth $850,000. TimesSquare Capital Management LLC acquired a new stake in Cardinal Infrastructure Group during the fourth quarter valued at $14,612,000. Goldman Sachs Group Inc. purchased a new position in Cardinal Infrastructure Group in the fourth quarter valued at $3,893,000. Finally, CenterBook Partners LP purchased a new position in Cardinal Infrastructure Group in the fourth quarter valued at $1,994,000.

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.