One Capital Management LLC Boosts Holdings in Knife River Corporation $KNF

One Capital Management LLC raised its stake in shares of Knife River Corporation (NYSE:KNF) by 44.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,369 shares of the company’s stock after purchasing an additional 7,214 shares during the period. One Capital Management LLC’s holdings in Knife River were worth $1,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clear Creek Financial Management LLC lifted its holdings in Knife River by 103.2% during the third quarter. Clear Creek Financial Management LLC now owns 15,486 shares of the company’s stock valued at $1,190,000 after purchasing an additional 7,866 shares in the last quarter. Voss Capital LP purchased a new position in shares of Knife River in the third quarter worth about $33,823,000. Thrivent Financial for Lutherans lifted its stake in shares of Knife River by 21.3% in the third quarter. Thrivent Financial for Lutherans now owns 81,315 shares of the company’s stock worth $6,250,000 after buying an additional 14,253 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Knife River by 111.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 63,904 shares of the company’s stock worth $4,648,000 after buying an additional 33,698 shares in the last quarter. Finally, Paradice Investment Management LLC purchased a new position in shares of Knife River in the fourth quarter worth about $22,001,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Price Performance

Shares of KNF stock opened at $76.21 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.67 and a quick ratio of 1.31. The firm’s 50-day moving average is $82.27 and its two-hundred day moving average is $79.25. Knife River Corporation has a 12 month low of $58.72 and a 12 month high of $96.12. The company has a market capitalization of $4.33 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.40 and a beta of 0.40.

Knife River (NYSE:KNF) last issued its earnings results on Tuesday, May 5th. The company reported ($1.40) EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.02. Knife River had a net margin of 4.58% and a return on equity of 9.35%. The company had revenue of $410.13 million for the quarter, compared to the consensus estimate of $387.06 million. During the same period in the previous year, the firm earned ($1.21) earnings per share. Knife River’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts predict that Knife River Corporation will post 3.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KNF has been the topic of several research reports. Stephens raised their price target on shares of Knife River from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. raised their price target on shares of Knife River from $90.00 to $95.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Oppenheimer initiated coverage on shares of Knife River in a research note on Thursday, May 28th. They issued an “outperform” rating and a $95.00 price target on the stock. DA Davidson raised their price target on shares of Knife River from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Royal Bank Of Canada raised their price target on shares of Knife River from $106.00 to $109.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Knife River has a consensus rating of “Moderate Buy” and a consensus price target of $97.29.

About Knife River

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.