Knife River Co. (NYSE:KNF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Knife River Co. (NYSE:KNF) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $95.33.

A number of equities research analysts have recently issued reports on KNF shares. Loop Capital dropped their price target on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Oppenheimer upped their price target on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday. Finally, DA Davidson upped their price target on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th.

Knife River Stock Performance

Shares of KNF stock opened at $102.31 on Tuesday. The stock has a market cap of $5.79 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.90 and a beta of 0.70. Knife River has a 52-week low of $61.50 and a 52-week high of $107.96. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $97.36 and a 200-day simple moving average of $83.72.

Knife River (NYSE:KNF) last announced its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company earned $2.58 EPS. Knife River’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts expect that Knife River will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its stake in shares of Knife River by 165.4% in the third quarter. Harbor Capital Advisors Inc. now owns 38,160 shares of the company’s stock valued at $3,411,000 after acquiring an additional 23,779 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Knife River by 24.4% in the third quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after acquiring an additional 5,004 shares in the last quarter. Ausbil Investment Management Ltd raised its stake in shares of Knife River by 599.5% in the third quarter. Ausbil Investment Management Ltd now owns 19,579 shares of the company’s stock valued at $1,750,000 after acquiring an additional 16,780 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of Knife River in the third quarter valued at $567,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Knife River by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after acquiring an additional 5,791 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

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.