Cardinal Infrastructure Group (NASDAQ:CDNL) Rating Lowered to Market Perform at William Blair

Key Points

• William Blair downgraded Cardinal Infrastructure Group from Outperform to Market Perform. Analysts’ overall rating is Hold, with a consensus price target of $46.75.
• Shares fell to $5.47 on Thursday, near their 52-week low of $5.44. The company reported a quarterly loss of $0.21 per share, missing analyst expectations for earnings of $0.49 per share.
• Quarterly revenue was $201.93 million, but reports also cited margin deterioration and the absence of financial guidance as concerns for investors.

Cardinal Infrastructure Group (NASDAQ:CDNL - Get Free Report) was downgraded by analysts at William Blair from an "outperform" rating to a "market perform" rating in a research note issued to investors on Thursday, Briefing.com reports.

Other research analysts have also recently issued reports about the stock. Stifel Nicolaus lowered their target price on shares of Cardinal Infrastructure Group from $63.00 to $52.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Zacks Research downgraded Cardinal Infrastructure Group from a "hold" rating to a "strong sell" rating in a research report on Thursday, October 15th. Oppenheimer reduced their price target 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. Truist Financial lowered their price objective on Cardinal Infrastructure Group from $40.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, October 19th. Finally, Weiss Ratings cut Cardinal Infrastructure Group from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, October 23rd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Cardinal Infrastructure Group currently has an average rating of "Hold" and a consensus price target of $46.75.

Cardinal Infrastructure Group Stock Performance

Shares of Cardinal Infrastructure Group stock traded down $9.52 during trading on Thursday, reaching $5.47. The company's stock had a trading volume of 14,518,314 shares, compared to its average volume of 679,453. The business's 50-day moving average price is $23.76 and its 200-day moving average price is $42.93. The firm has a market cap of $259.68 million and a PE ratio of 9.94. Cardinal Infrastructure Group has a 52 week low of $5.44 and a 52 week high of $96.40. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.32.

Cardinal Infrastructure Group (NASDAQ:CDNL - Get Free Report) last released its quarterly earnings results on Thursday, November 12th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.70). The company had revenue of $201.93 million for the quarter. Equities analysts forecast that Cardinal Infrastructure Group will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Richard Melvin Jr. Lee purchased 34,000 shares of the business's stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $36.82 per share, with a total value of $1,251,880.00. Following the acquisition, the director owned 68,254 shares in the company, valued at approximately $2,513,112.28. The trade was a 99.26% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Benjamin Wood purchased 25,700 shares of Cardinal Infrastructure Group stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average price of $39.48 per share, for a total transaction of $1,014,636.00. Following the transaction, the chief operating officer directly owned 45,700 shares in the company, valued at $1,804,236. This represents a 128.50% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 214,597 shares of company stock worth $8,285,516. 61.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cardinal Infrastructure Group

A number of large investors have recently modified their holdings of CDNL. First Trust Advisors LP lifted its position in shares of Cardinal Infrastructure Group by 8,249.5% during the 3rd quarter. First Trust Advisors LP now owns 1,363,732 shares of the company's stock worth $41,730,000 after buying an additional 1,347,399 shares during the last quarter. Conversant Capital LLC bought a new position in Cardinal Infrastructure Group in the first quarter valued at about $18,702,000. Principal Financial Group Inc. grew its position 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 valued at $16,983,000 after acquiring an additional 284,918 shares during the last quarter. Wellington Management Group LLP bought a new position in Cardinal Infrastructure Group in the second quarter valued at about $14,687,000. Finally, Engle Capital Management L.P. raised its stake in 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 acquiring an additional 187,000 shares in the last quarter.

Cardinal Infrastructure Group News Summary

These are some of the CDNL news items that stood out recently:

• Positive Sentiment: Third-quarter revenue was $201.93 million, with reports describing growth compared with the prior year. Cardinal Infrastructure Group reports third-quarter 2026 results
• Negative Sentiment: CDNL reported a third-quarter loss of $0.21 per share, missing analyst expectations for earnings of $0.49 per share. Reports also cited margin deterioration, no financial guidance and the CFO’s departure, contributing to concerns about profitability and visibility. Cardinal Infrastructure Q3 2026: Loss, No Guidance, CFO Out
• Negative Sentiment: A law firm announced an investigation into potential securities-law violations involving Cardinal. This is an investigation, not a finding of wrongdoing, but may add uncertainty for investors. Block & Leviton investigation announcement

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.

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