Knife River Co. (NYSE:KNF) Receives $99.20 Average PT from Brokerages

Knife River Co. (NYSE:KNF) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $103.75.

KNF has been the subject of several analyst reports. DA Davidson increased their price target on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital dropped their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, Oppenheimer boosted their price target on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th.

Knife River Stock Down 3.1 %

Shares of NYSE:KNF opened at $95.23 on Friday. The stock has a market capitalization of $5.39 billion, a P/E ratio of 27.29, a price-to-earnings-growth ratio of 2.81 and a beta of 0.78. The stock’s 50-day moving average price is $100.89 and its 200-day moving average price is $88.08. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. Knife River has a 12-month low of $61.82 and a 12-month high of $108.39.

Knife River (NYSE:KNF) last announced its quarterly 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). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. Knife River’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $2.58 earnings per share. On average, equities analysts anticipate that Knife River will post 3.49 earnings per share for the current year.

Institutional Investors Weigh In On Knife River

A number of large investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its stake in Knife River by 10.5% in the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock worth $38,201,000 after buying an additional 39,991 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Knife River by 165.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 38,160 shares of the company’s stock worth $3,411,000 after acquiring an additional 23,779 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Knife River by 24.4% in the 3rd quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after purchasing an additional 5,004 shares during the period. Ausbil Investment Management Ltd boosted its position in shares of Knife River by 599.5% during the third quarter. Ausbil Investment Management Ltd now owns 19,579 shares of the company’s stock valued at $1,750,000 after purchasing an additional 16,780 shares in the last quarter. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Knife River during the third quarter valued at approximately $567,000. 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.