Knife River Co. (NYSE:KNF) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Knife River Co. (NYSE:KNF) have received an average rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $93.67.

Several research analysts recently issued reports on KNF shares. Loop Capital reduced their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Oppenheimer increased their price target on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, DA Davidson boosted their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th.

Hedge Funds Weigh In On Knife River

Institutional investors and hedge funds have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Knife River by 12.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock worth $144,785,000 after buying an additional 224,373 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of Knife River by 5.3% in the 2nd quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock worth $53,377,000 after acquiring an additional 38,152 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Knife River by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after purchasing an additional 5,791 shares during the period. Congress Asset Management Co. boosted its position in shares of Knife River by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 679,547 shares of the company’s stock valued at $60,745,000 after purchasing an additional 65,930 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in Knife River by 2.1% during the third quarter. Loomis Sayles & Co. L P now owns 660,225 shares of the company’s stock worth $59,017,000 after purchasing an additional 13,490 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Down 0.7 %

Knife River stock opened at $94.71 on Friday. The business has a 50 day moving average price of $90.28 and a two-hundred day moving average price of $79.76. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. Knife River has a 12 month low of $56.36 and a 12 month high of $103.33. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 2.59 and a beta of 0.74.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.60 earnings per share (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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company posted $2.58 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities analysts forecast that Knife River will post 3.57 EPS for the current year.

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.