Cardinal Infrastructure Group (NASDAQ:CDNL) Sets New 12-Month Low After Earnings Miss

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL)’s stock price hit a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $5.22 and last traded at $5.64, with a volume of 20,019,034 shares trading hands. The stock had previously closed at $14.99.

The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.70). The firm had revenue of $201.93 million for the quarter.

Key Headlines Impacting Cardinal Infrastructure Group

These are some of the CDNL headlines that stood out recently:

• Neutral Sentiment: Call-option trading jumped to 3,140 contracts, roughly 1,726% above its average. The surge indicates unusual speculative activity, but does not establish a clear direction for the stock. MarketBeat trading report
• Negative Sentiment: CDNL reported a third-quarter loss of $0.21 per share, missing the $0.49-per-share consensus estimate. Reports cited a severe margin decline, withdrawal of full-year 2026 guidance and the CFO’s departure—signs of increased operating and forecasting uncertainty. Cardinal Infrastructure Q3 2026 report
• Negative Sentiment: William Blair cut its rating from “outperform” to “market perform,” removing a source of bullish analyst support. William Blair rating

Analyst Upgrades and Downgrades

CDNL has been the topic of a number of analyst reports. Weiss Ratings cut Cardinal Infrastructure Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Truist Financial lowered their price objective on Cardinal Infrastructure Group from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, October 19th. Stifel Nicolaus lowered their price objective on 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 Cardinal Infrastructure Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Finally, Oppenheimer cut their target price on Cardinal Infrastructure Group from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 12th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.75.

Insider Buying and Selling at Cardinal Infrastructure Group

In related news, CEO Jeremy Spivey bought 83,350 shares of the stock in a transaction dated Friday, August 14th. The stock was acquired at an average price of $38.41 per share, for a total transaction of $3,201,473.50. Following the acquisition, the chief executive officer owned 83,350 shares in the company, valued at approximately $3,201,473.50. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leon Wood bought 51,400 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average cost of $39.36 per share, for a total transaction of $2,023,104.00. Following the completion of the transaction, the director directly owned 51,400 shares in the company, valued at approximately $2,023,104. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders have bought 214,597 shares of company stock worth $8,285,516. 61.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Cardinal Infrastructure Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP boosted its stake in Cardinal Infrastructure Group by 8,249.5% in the third quarter. First Trust Advisors LP now owns 1,363,732 shares of the company’s stock valued at $41,730,000 after acquiring an additional 1,347,399 shares in the last quarter. Conversant Capital LLC purchased a new position in shares of Cardinal Infrastructure Group during the first quarter worth about $18,702,000. Principal Financial Group Inc. grew its holdings in shares of Cardinal Infrastructure Group by 198.8% during 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 last quarter. Wellington Management Group LLP acquired a new stake in shares of Cardinal Infrastructure Group during the second quarter worth about $14,687,000. Finally, Engle Capital Management L.P. increased its position in shares of Cardinal Infrastructure Group by 142.7% during the first quarter. Engle Capital Management L.P. now owns 318,000 shares of the company’s stock worth $12,610,000 after purchasing an additional 187,000 shares in the last quarter.

Cardinal Infrastructure Group Stock Down 62.4%

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.59 and a quick ratio of 3.59. The company has a fifty day moving average price of $23.16 and a two-hundred day moving average price of $42.82.

About Cardinal Infrastructure Group

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.