Knife River (NYSE:KNF) Reaches New 1-Year High at $92.27

Knife River Co. (NYSE:KNF) reached a new 52-week high during trading on Thursday . The company traded as high as $92.27 and last traded at $91.17, with a volume of 13888 shares. The stock had previously closed at $89.36.

Wall Street Analysts Forecast Growth

Separately, Stephens began coverage on Knife River in a report on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Knife River has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Knife River Stock Down 0.8 %

The firm has a market capitalization of $5.14 billion, a PE ratio of 29.28, a PEG ratio of 1.92 and a beta of 0.81. The company has a fifty day moving average price of $77.87 and a 200-day moving average price of $75.93. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. The business had revenue of $806.90 million for the quarter, compared to analysts’ expectations of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. As a group, analysts expect that Knife River Co. will post 3.72 earnings per share for the current year.

Institutional Trading of Knife River

Several hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Knife River during the 2nd quarter worth approximately $43,000. Creative Planning lifted its position in Knife River by 36.3% in the second quarter. Creative Planning now owns 5,872 shares of the company’s stock worth $412,000 after buying an additional 1,565 shares during the last quarter. Algert Global LLC bought a new stake in Knife River in the second quarter worth $379,000. Susquehanna Fundamental Investments LLC bought a new stake in Knife River in the second quarter worth $1,688,000. Finally, Shellback Capital LP lifted its position in Knife River by 28.3% in the second quarter. Shellback Capital LP now owns 321,323 shares of the company’s stock worth $22,538,000 after buying an additional 70,801 shares during the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

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.