Cardinal Infrastructure Group (NASDAQ:CDNL) Sets New 52-Week Low – Here’s What Happened

Posted by Francis Steltz on Nov 7th, 2026

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL – Get Free Report)’s stock price reached a new 52-week low on Thursday. The stock traded as low as $13.01 and last traded at $12.9950, with a volume of 744,178 shares changing hands. The stock had previously closed at $14.93.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CDNL shares. Truist Financial lowered their price target on shares of Cardinal Infrastructure Group from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, October 19th. 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. Zacks Research cut shares of Cardinal Infrastructure Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Oppenheimer cut their price target on shares of Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Cardinal Infrastructure Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cardinal Infrastructure Group currently has an average rating of “Hold” and an average target price of $46.75.

View Our Latest Report on CDNL

Cardinal Infrastructure Group Stock Performance

The company’s 50-day moving average price is $25.08 and its 200 day moving average price is $43.11. The stock has a market capitalization of $691.16 million and a PE ratio of 26.47. 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 (NASDAQ:CDNL – Get Free Report) last announced its quarterly 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. On average, equities research analysts expect that Cardinal Infrastructure Group Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Cardinal Infrastructure Group

In other news, COO Benjamin Wood purchased 25,700 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average cost of $39.48 per share, for a total transaction of $1,014,636.00. Following the completion of the transaction, the chief operating officer directly owned 45,700 shares of the company’s stock, valued at $1,804,236. This trade represents a 128.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard Bennett Wimmer purchased 7,500 shares of Cardinal Infrastructure Group stock in a transaction that occurred on Monday, August 17th. The stock was purchased at an average cost of $39.13 per share, for a total transaction of $293,475.00. Following the completion of the purchase, the director owned 29,349 shares of the company’s stock, valued at $1,148,426.37. This trade represents a 34.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 214,597 shares of company stock valued at $8,285,516 over the last ninety days. Insiders own 61.70% of the company’s stock.

Institutional Trading of Cardinal Infrastructure Group

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Emerald Advisers LLC lifted its position in Cardinal Infrastructure Group by 12.7% during the 1st quarter. Emerald Advisers LLC now owns 578,600 shares of the company’s stock valued at $22,944,000 after acquiring an additional 65,245 shares during the period. Conversant Capital LLC purchased a new stake in Cardinal Infrastructure Group in the first quarter worth about $18,702,000. Principal Financial Group Inc. grew its holdings in Cardinal Infrastructure Group by 198.8% in the first quarter. Principal Financial Group Inc. now owns 428,263 shares of the company’s stock worth $16,983,000 after purchasing an additional 284,918 shares during the period. Wellington Management Group LLP bought a new position in shares of Cardinal Infrastructure Group during the second quarter valued at approximately $14,687,000. Finally, Emerald Mutual Fund Advisers Trust grew its stake in shares of Cardinal Infrastructure Group by 19.7% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 359,063 shares of the company’s stock worth $14,239,000 after buying an additional 59,068 shares during the last quarter.

Cardinal Infrastructure Group Company Profile

(Get Free Report)

Cardinal Infrastructure Group is a vertically integrated civil infrastructure and site development platform serving residential, commercial, industrial and municipal projects.

CDNL delivers its suite of comprehensive infrastructure services that support the planning, preparation, installation, and development of residential, commercial, industrial, municipal, and state infrastructure projects through wholly owned, market leading subsidiaries. Cardinal’s operations leverage in-house, highly skilled teams and equipment fleets 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.