Boston Partners Raises Holdings in Knife River Corporation $KNF

Boston Partners lifted its holdings in Knife River Corporation (NYSE:KNF) by 60.7% in the 2nd quarter, Holdings Channel reports. The firm owned 383,065 shares of the company’s stock after acquiring an additional 144,680 shares during the period. Boston Partners’ holdings in Knife River were worth $31,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KNF. Hodges Capital Management Inc. increased its holdings in Knife River by 4.3% in the 2nd quarter. Hodges Capital Management Inc. now owns 20,155 shares of the company’s stock worth $1,645,000 after buying an additional 830 shares in the last quarter. Future Fund LLC purchased a new stake in shares of Knife River during the 2nd quarter valued at about $1,199,000. Parkside Financial Bank & Trust grew its stake in shares of Knife River by 42.4% in the second quarter. Parkside Financial Bank & Trust now owns 860 shares of the company’s stock worth $70,000 after acquiring an additional 256 shares during the period. Freemont Management S.A. bought a new stake in shares of Knife River in the second quarter worth approximately $8,164,000. Finally, Headland Capital LLC lifted its position in Knife River by 6.3% during the second quarter. Headland Capital LLC now owns 60,166 shares of the company’s stock valued at $4,912,000 after purchasing an additional 3,561 shares during the period. 80.11% of the stock is owned by institutional investors.

Knife River Stock Performance

NYSE:KNF opened at $70.76 on Thursday. 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 stock has a 50-day simple moving average of $70.64 and a two-hundred day simple moving average of $81.55. The firm has a market capitalization of $4.01 billion, a PE ratio of 27.11, a P/E/G ratio of 1.45 and a beta of 0.53. Knife River Corporation has a 52-week low of $58.72 and a 52-week high of $108.83.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.07. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations 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. Analysts forecast that Knife River Corporation will post 4.11 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on KNF. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. DA Davidson cut their price objective on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Oppenheimer lowered their target price on Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Royal Bank Of Canada dropped their target price on 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 Saturday, November 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Knife River currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

Knife River 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.