Knife River (NYSE:KNF) Now Covered by Analysts at Stephens

Stephens initiated coverage on shares of Knife River (NYSE:KNF) in a research note released on Tuesday, Marketbeat reports. The brokerage issued an overweight rating and a $85.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the stock. Oppenheimer raised their price objective on shares of Knife River from $75.00 to $85.00 and gave the company an outperform rating in a research report on Friday, March 22nd. Wolfe Research began coverage on shares of Knife River in a research report on Friday, March 8th. They set a peer perform rating for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $77.67.

Knife River Trading Up 1.4 %

KNF opened at $71.45 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $4.04 billion and a PE ratio of 23.05. Knife River has a 1-year low of $41.53 and a 1-year high of $83.78. The firm has a 50-day moving average price of $74.67 and a two-hundred day moving average price of $71.35.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.80) by ($0.04). The company had revenue of $329.60 million during the quarter, compared to analyst estimates of $300.98 million. Knife River had a net margin of 6.19% and a return on equity of 14.65%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($516.50) EPS. As a group, equities analysts anticipate that Knife River will post 3.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Knife River by 10.0% during the 4th quarter. Principal Financial Group Inc. now owns 211,265 shares of the company’s stock worth $13,982,000 after acquiring an additional 19,125 shares during the last quarter. UBS Group AG boosted its stake in Knife River by 115.5% during the 4th quarter. UBS Group AG now owns 136,505 shares of the company’s stock worth $9,034,000 after acquiring an additional 73,147 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Knife River by 16.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,398,360 shares of the company’s stock worth $92,546,000 after acquiring an additional 199,389 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in Knife River in the fourth quarter valued at approximately $6,130,000. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in Knife River by 48.0% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,150,473 shares of the company’s stock valued at $76,138,000 after buying an additional 373,359 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.