Moloney Securities Asset Management LLC Reduces Holdings in Knife River Corporation $KNF

Moloney Securities Asset Management LLC reduced its position in Knife River Corporation (NYSE:KNF) by 10.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,646 shares of the company’s stock after selling 1,683 shares during the period. Moloney Securities Asset Management LLC’s holdings in Knife River were worth $1,196,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Brady Martz Wealth Solutions LLC increased its position in Knife River by 2.3% in 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 increased its holdings in shares of Knife River by 2.6% in the second quarter. Unified Investment Management now owns 5,968 shares of the company’s stock valued at $487,000 after purchasing an additional 153 shares during the period. Focus Partners Advisor Solutions LLC increased its holdings in shares of Knife River by 2.0% in the first quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company’s stock valued at $722,000 after purchasing an additional 159 shares during the period. Greenleaf Trust raised its stake 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 during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Knife River by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 6,631 shares of the company’s stock worth $598,000 after purchasing an additional 175 shares during the period. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Price Performance

Shares of NYSE KNF opened at $62.94 on Friday. The firm’s 50-day simple moving average is $75.58 and its 200 day simple moving average is $83.89. The stock has a market cap of $3.57 billion, a P/E ratio of 23.40, a P/E/G ratio of 5.32 and a beta of 0.57. Knife River Corporation has a fifty-two week low of $62.69 and a fifty-two week high of $108.83. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.38). The business had revenue of $833.80 million for the quarter, compared to the consensus estimate of $902.26 million. Knife River had a net margin of 5.20% and a return on equity of 10.58%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.37 EPS. Knife River has set its FY 2025 guidance at EPS. Equities analysts expect that Knife River Corporation will post 4.11 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on KNF. Wells Fargo & Company assumed coverage on Knife River in a research report on Tuesday, October 7th. They set a “cautious” rating on the stock. Oppenheimer dropped their price objective on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. DA Davidson decreased their price target 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $106.83.

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.