Carlson Capital L.P. Buys Shares of 3,000 Knife River Corporation $KNF

Carlson Capital L.P. acquired a new position in Knife River Corporation (NYSE:KNF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the company’s stock, valued at approximately $245,000.

Several other institutional investors also recently bought and sold shares of KNF. Ameriprise Financial Inc. lifted its position in Knife River by 32.1% during the 1st quarter. Ameriprise Financial Inc. now owns 605,274 shares of the company’s stock worth $54,604,000 after acquiring an additional 146,987 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Knife River by 127.2% in the second quarter. Teacher Retirement System of Texas now owns 128,785 shares of the company’s stock worth $10,514,000 after purchasing an additional 72,108 shares during the period. DMKC Advisory Services LLC bought a new position in shares of Knife River in the second quarter worth about $358,000. Asset Management One Co. Ltd. lifted its position in shares of Knife River by 25.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 68,624 shares of the company’s stock worth $5,602,000 after purchasing an additional 13,703 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in Knife River during the 2nd quarter valued at approximately $273,000. 80.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DA Davidson cut their price target on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a 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. UBS Group raised shares of Knife River to an “overweight” rating in a report on Tuesday, November 4th. Royal Bank Of Canada decreased their price target on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Finally, Wall Street Zen raised shares of Knife River from a “sell” rating to a “hold” rating in a research report on Monday. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Knife River presently has a consensus rating of “Moderate Buy” and an average price target of $99.00.

Knife River Stock Down 0.9%

KNF opened at $73.98 on Thursday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 1.52 and a beta of 0.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39. The firm’s 50-day simple moving average is $69.10 and its 200-day simple moving average is $79.94. Knife River Corporation has a twelve month low of $58.72 and a twelve month high of $108.83.

Knife River (NYSE:KNF) last announced its earnings results on Tuesday, November 4th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.45 by $0.07. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. Knife River had a return on equity of 9.97% and a net margin of 4.87%. Knife River has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Knife River Corporation will post 4.11 EPS for the current fiscal year.

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.