--- title: "Cardinal Infrastructure Group (NASDAQ:CDNL) Shares Gap Down on Disappointing Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/295550423.md" description: "Cardinal Infrastructure Group (NASDAQ:CDNL) shares gapped down from $60.00 to open at $51.08 following disappointing Q1 earnings, with EPS of $0.26 missing the $0.48 estimate. Despite the drop to $43.15, analysts remain mixed; Stifel and Oppenheimer raised price targets, while Zacks downgraded to 'hold'. Insider Benjamin Wood bought 20,000 shares, and several institutions increased stakes in Q1." datetime: "2026-08-11T14:20:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295550423.md) - [en](https://longbridge.com/en/news/295550423.md) - [zh-HK](https://longbridge.com/zh-HK/news/295550423.md) generator: "portal-rs" --- # Cardinal Infrastructure Group (NASDAQ:CDNL) Shares Gap Down on Disappointing Earnings Cardinal Infrastructure Group Inc. (NASDAQ:CDNL - Get Free Report)'s share price gapped down prior to trading on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $60.00, but opened at $51.08. Cardinal Infrastructure Group shares last traded at $43.1530, with a volume of 577,787 shares changing hands. The company reported $0.26 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. ## Wall Street Analyst Weigh In Several research firms recently issued reports on CDNL. Stifel Nicolaus increased their price target on shares of Cardinal Infrastructure Group from $41.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Zacks Research cut Cardinal Infrastructure Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Oppenheimer boosted their target price on Cardinal Infrastructure Group from $60.00 to $80.00 and gave the company an "outperform" rating in a research note on Monday, June 15th. Finally, 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. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cardinal Infrastructure Group currently has an average rating of "Hold" and an average target price of $59.33. **View Our Latest Stock Analysis on Cardinal Infrastructure Group** ## Insider Buying and Selling In other news, COO Benjamin Wood acquired 20,000 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $51.30 per share, with a total value of $1,026,000.00. Following the transaction, the chief operating officer owned 20,000 shares of the company's stock, valued at $1,026,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 61.70% of the company's stock. ## Institutional Trading of Cardinal Infrastructure Group Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its holdings in shares of Cardinal Infrastructure Group by 139.4% in the 1st quarter. Bank of America Corp DE now owns 125,804 shares of the company's stock worth $4,989,000 after purchasing an additional 73,259 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of Cardinal Infrastructure Group during the first quarter valued at $28,000. Engle Capital Management L.P. boosted 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 valued at $12,610,000 after buying an additional 187,000 shares during the last quarter. Conversant Capital LLC bought a new stake in Cardinal Infrastructure Group in the 1st quarter worth about $18,702,000. Finally, Granahan Investment Management LLC purchased a new position in Cardinal Infrastructure Group in the 1st quarter worth about $3,270,000. ## Cardinal Infrastructure Group Trading Down 28.1% The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $1.85 billion and a PE ratio of 187.47. The stock has a 50-day simple moving average of $70.49 and a two-hundred day simple moving average of $50.08. ## 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. ## Read More - Five stocks we like better than Cardinal Infrastructure Group - Meta’s Muse Glimmer Release Reframes Its AI Spending Bet - 3 Companies That Could Thrive While the Fed Holds Rates Steady - Caterpillar’s Blowout Quarter May Point to More Industrial Winners - Jeff Bezos’ Amazon Sale Looks Less Alarming Than the Headline Suggests *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Cardinal Infrastructure Group Right Now? Before you consider Cardinal Infrastructure Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cardinal Infrastructure Group wasn't on the list. While Cardinal Infrastructure Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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