Clear Creek Financial Management LLC Reduces Stock Position in Knife River Corporation $KNF

Clear Creek Financial Management LLC lowered its holdings in shares of Knife River Corporation (NYSE:KNF) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,620 shares of the company’s stock after selling 245 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Knife River were worth $622,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Knife River during the 1st quarter valued at $26,000. Brooklyn Investment Group boosted its holdings in Knife River by 31,200.0% during the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock valued at $28,000 after acquiring an additional 312 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Knife River during the 1st quarter valued at $35,000. Bessemer Group Inc. boosted its holdings in Knife River by 173.9% during the 1st quarter. Bessemer Group Inc. now owns 545 shares of the company’s stock valued at $49,000 after acquiring an additional 346 shares during the period. Finally, UMB Bank n.a. boosted its holdings in Knife River by 239.5% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the company’s stock valued at $51,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Trading Up 1.4%

Shares of NYSE:KNF opened at $67.36 on Friday. The business’s 50-day moving average is $80.26 and its 200 day moving average is $85.56. Knife River Corporation has a 1 year low of $66.16 and a 1 year high of $108.83. The firm has a market capitalization of $3.82 billion, a P/E ratio of 25.04, a P/E/G ratio of 5.60 and a beta of 0.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.78 and a quick ratio of 1.57.

Knife River (NYSE:KNF) last announced its earnings results on Tuesday, August 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.38). Knife River had a net margin of 5.20% and a return on equity of 10.58%. The business had revenue of $833.80 million for the quarter, compared to analyst estimates of $902.26 million. During the same period in the prior year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Knife River has set its FY 2025 guidance at EPS. On average, research analysts predict that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Oppenheimer lowered their target price on Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Wells Fargo & Company assumed coverage on Knife River in a report on Tuesday. They issued a “cautious” rating for the company. Royal Bank Of Canada assumed coverage on Knife River in a report on Monday, June 16th. They issued an “outperform” rating and a $129.00 target price for the company. DA Davidson lowered their target price on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Knife River in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and an average price target of $106.83.

Knife River Company Profile

Knife River Corporation, together with its subsidiaries, provides aggregates- led construction materials and contracting services in the United States. It operates through Pacific, Northwest, Mountain, Central, and Energy Services segments. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete.