Knife River Corporation (NYSE:KNF) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Knife River Corporation (NYSE:KNF) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $106.8333.

A number of analysts recently commented on the company. DA Davidson decreased their price target on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on Knife River in a research report on Tuesday, October 7th. They set a “cautious” rating for the company. Finally, Oppenheimer decreased their price target on Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st.

Institutional Trading of Knife River

A number of large investors have recently bought and sold shares of the company. State Street Corp increased its position in Knife River by 0.6% in the second quarter. State Street Corp now owns 2,101,198 shares of the company’s stock worth $171,542,000 after buying an additional 12,308 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Knife River by 4,145.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,667,822 shares of the company’s stock worth $150,456,000 after buying an additional 1,628,535 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Knife River by 1.1% in the second quarter. Geode Capital Management LLC now owns 1,395,726 shares of the company’s stock worth $113,960,000 after acquiring an additional 15,464 shares during the period. Invesco Ltd. boosted its holdings in shares of Knife River by 2.9% in the second quarter. Invesco Ltd. now owns 1,272,829 shares of the company’s stock worth $103,914,000 after acquiring an additional 35,900 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in shares of Knife River by 7.1% in the first quarter. Alliancebernstein L.P. now owns 1,179,797 shares of the company’s stock worth $106,429,000 after acquiring an additional 78,209 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Stock Down 1.0%

KNF stock opened at $64.86 on Friday. Knife River has a twelve month low of $64.25 and a twelve month high of $108.83. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92. The stock’s 50 day moving average is $78.36 and its 200-day moving average is $84.64. The firm has a market capitalization of $3.68 billion, a PE ratio of 24.11, a P/E/G ratio of 5.47 and a beta of 0.57.

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

About Knife River

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.