Bragg Financial Advisors Inc Increases Stock Holdings in Knife River Corporation $KNF

Bragg Financial Advisors Inc lifted its position in Knife River Corporation (NYSE:KNF) by 0.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 45,739 shares of the company’s stock after purchasing an additional 374 shares during the period. Bragg Financial Advisors Inc’s holdings in Knife River were worth $4,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 in the last quarter. Invesco Ltd. raised its stake in Knife River by 40.6% in the first quarter. Invesco Ltd. now owns 1,236,929 shares of the company’s stock valued at $111,583,000 after purchasing an additional 357,133 shares in the last quarter. American Century Companies Inc. raised its stake in Knife River by 19.7% in the first quarter. American Century Companies Inc. now owns 1,062,743 shares of the company’s stock valued at $95,870,000 after purchasing an additional 175,063 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Knife River by 129.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,053,386 shares of the company’s stock valued at $95,026,000 after purchasing an additional 593,431 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in Knife River by 1.7% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,034,246 shares of the company’s stock valued at $105,121,000 after purchasing an additional 17,234 shares in the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on KNF. Royal Bank Of Canada began coverage on shares of Knife River in a research note on Monday, June 16th. They issued an “outperform” rating and a $129.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Knife River from $96.00 to $97.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Finally, DA Davidson lowered their target price on shares of Knife River from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, June 10th. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $114.33.

Knife River Stock Up 1.1%

Shares of NYSE KNF opened at $87.6180 on Friday. Knife River Corporation has a one year low of $73.91 and a one year high of $108.83. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.78 and a quick ratio of 1.57. The firm’s 50 day simple moving average is $83.01 and its two-hundred day simple moving average is $90.17. The stock has a market capitalization of $4.96 billion, a P/E ratio of 32.57, a PEG ratio of 6.32 and a beta of 0.63.

Knife River (NYSE:KNF) last issued 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 return on equity of 10.58% and a net margin of 5.20%.The firm had revenue of $833.80 million during the quarter, compared to the consensus estimate of $902.26 million. During the same quarter in the prior year, the business posted $1.37 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Knife River has set its FY 2025 guidance at EPS. As a group, analysts expect that Knife River Corporation 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.