Knife River (NYSE:KNF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Knife River (NYSE:KNF) from a sell rating to a hold rating in a research report released on Monday.

Several other equities analysts have also recently issued reports on the stock. DA Davidson lowered their target price on shares of Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. Oppenheimer lowered their price objective on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Wells Fargo & Company upgraded shares of Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 target price on the stock in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada decreased their target price on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Knife River has a consensus rating of “Moderate Buy” and an average price target of $99.00.

Knife River Stock Performance

Shares of KNF opened at $73.98 on Monday. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.52 and a beta of 0.53. The business’s fifty day simple moving average is $69.10 and its two-hundred day simple moving average is $79.94. Knife River has a 12 month low of $58.72 and a 12 month high of $108.83. The company has a current ratio of 2.39, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73.

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

Institutional Investors Weigh In On Knife River

A number of hedge funds have recently modified their holdings of KNF. Cetera Investment Advisers raised its holdings in Knife River by 4.0% in the 1st quarter. Cetera Investment Advisers now owns 10,178 shares of the company’s stock worth $918,000 after purchasing an additional 396 shares during the period. TD Asset Management Inc increased its position in Knife River by 400.5% in the first quarter. TD Asset Management Inc now owns 22,022 shares of the company’s stock worth $1,987,000 after buying an additional 17,622 shares in the last quarter. LPL Financial LLC raised its stake in shares of Knife River by 3.0% in the first quarter. LPL Financial LLC now owns 106,316 shares of the company’s stock worth $9,591,000 after buying an additional 3,130 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of Knife River during the 1st quarter valued at about $465,000. Finally, Natixis Advisors LLC lifted its position in shares of Knife River by 4.6% during the 1st quarter. Natixis Advisors LLC now owns 13,859 shares of the company’s stock valued at $1,250,000 after buying an additional 615 shares in the last quarter. Institutional investors 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.