Knife River (NYSE:KNF) Reaches New 12-Month Low – Time to Sell?

Shares of Knife River Corporation (NYSE:KNF) hit a new 52-week low on Wednesday . The company traded as low as $63.18 and last traded at $64.61, with a volume of 793755 shares. The stock had previously closed at $64.79.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KNF. Oppenheimer dropped their price target on Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company began coverage on Knife River in a research note on Tuesday, October 7th. They set a “cautious” rating on the stock. DA Davidson dropped their price target on Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Knife River presently has an average rating of “Moderate Buy” and a consensus price target of $106.83.

Knife River Price Performance

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 stock has a market cap of $3.66 billion, a price-to-earnings ratio of 24.02, a P/E/G ratio of 5.46 and a beta of 0.57. The stock has a fifty day moving average of $77.31 and a 200 day moving average of $84.32.

Knife River (NYSE:KNF) last released its 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). 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 for the quarter, compared to analyst estimates of $902.26 million. During the same period last year, the firm earned $1.37 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Knife River has set its FY 2025 guidance at EPS. On average, analysts expect that Knife River Corporation will post 4.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Knife River

A number of institutional investors and hedge funds have recently modified their holdings of KNF. Brady Martz Wealth Solutions LLC boosted its holdings in Knife River by 2.3% during the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,786 shares of the company’s stock valued at $554,000 after acquiring an additional 152 shares during the period. Unified Investment Management lifted its position in shares of Knife River by 2.6% during the second quarter. Unified Investment Management now owns 5,968 shares of the company’s stock worth $487,000 after purchasing an additional 153 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of Knife River by 2.0% during the first quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company’s stock worth $722,000 after purchasing an additional 159 shares in the last quarter. Greenleaf Trust lifted its position in shares of Knife River by 6.7% during the first quarter. Greenleaf Trust now owns 2,567 shares of the company’s stock worth $232,000 after purchasing an additional 162 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in shares of Knife River by 1.3% during the second quarter. Nisa Investment Advisors LLC now owns 13,292 shares of the company’s stock worth $1,085,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

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.