Cardinal Infrastructure Group (NASDAQ:CDNL) Stock Gets Price Target Trim from Truist Financial

Cardinal Infrastructure Group (NASDAQ:CDNL) had its price objective reduced by stock analysts at Truist Financial from $30.00 to $10.00 in a report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial‘s price objective suggests a potential upside of 49.28% from the company’s previous close.

Several other analysts have also recently commented on CDNL. Weiss Ratings cut Cardinal Infrastructure Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Oppenheimer reduced 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 research report on Wednesday, August 12th. Zacks Research lowered shares of Cardinal Infrastructure Group from a “hold” rating to a “strong sell” rating in a report on Thursday, October 15th. Stifel Nicolaus lowered their price objective on shares of 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. Finally, William Blair downgraded shares of Cardinal Infrastructure Group from an “outperform” rating to a “market perform” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.75.

Cardinal Infrastructure Group Stock Up 18.8%

NASDAQ CDNL opened at $6.70 on Friday. The firm has a market cap of $318.00 million and a PE ratio of 11.80. Cardinal Infrastructure Group has a one year low of $5.22 and a one year high of $96.40. The stock’s 50 day simple moving average is $23.16 and its 200 day simple moving average is $42.82. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.59 and a quick ratio of 3.59.

Cardinal Infrastructure Group (NASDAQ:CDNL) last issued its quarterly earnings data on Thursday, November 12th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.70). The business had revenue of $201.93 million during the quarter. As a group, sell-side analysts forecast that Cardinal Infrastructure Group will post 1.76 earnings per share for the current fiscal year.

Cardinal Infrastructure Group declared that its board has initiated a stock repurchase plan on Thursday, November 12th that permits the company to buy back $50 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 7% of its shares through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Richard Bennett Wimmer acquired 7,500 shares of the 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 transaction, the director directly owned 29,349 shares in the company, valued at $1,148,426.37. This trade represents a 34.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 61.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP boosted its stake in shares of Cardinal Infrastructure Group by 8,249.5% in the 3rd quarter. First Trust Advisors LP now owns 1,363,732 shares of the company’s stock valued at $41,730,000 after purchasing an additional 1,347,399 shares during the last quarter. Boston Partners raised its stake in shares of Cardinal Infrastructure Group by 173.8% during the third quarter. Boston Partners now owns 7,899 shares of the company’s stock worth $242,000 after buying an additional 5,014 shares during the last quarter. GatePass Capital LLC raised its stake in shares of Cardinal Infrastructure Group by 182.7% during the third quarter. GatePass Capital LLC now owns 19,568 shares of the company’s stock worth $599,000 after buying an additional 12,647 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Cardinal Infrastructure Group by 81.4% during the third quarter. Russell Investments Group Ltd. now owns 180,627 shares of the company’s stock worth $5,527,000 after buying an additional 81,031 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its holdings in Cardinal Infrastructure Group by 17.1% in the third quarter. Kornitzer Capital Management Inc. KS now owns 28,886 shares of the company’s stock valued at $884,000 after buying an additional 4,222 shares during the period.

Top Cardinal Infrastructure Group Stories

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

• Negative Sentiment: Third-quarter earnings were a loss of $0.21 per share, missing the $0.49-per-share consensus estimate, despite revenue of $201.93 million. Reports also highlighted a sharp decline in margins, and the company withdrew its full-year 2026 forecast—leaving investors with less visibility on future results. Cardinal Infrastructure Group Inc. Reports Third Quarter 2026 Results
• Negative Sentiment: William Blair cut its rating on CDNL from Outperform to Market Perform, reflecting a less favorable view of the shares. Cardinal Infrastructure Stock Rating Cut to Market Perform at William Blair
• Negative Sentiment: Several law firms announced investigations into possible securities-law violations following the results and guidance withdrawal. These are investigations and do not establish wrongdoing, but they add legal and reputational uncertainty for investors. Hagens Berman CDNL Investor Alert

Cardinal Infrastructure Group Company Profile

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.