Knife River’s (KNF) Overweight Rating Reiterated at Stephens

Stephens reiterated their overweight rating on shares of Knife River (NYSE:KNF) in a research report released on Friday,Benzinga reports. Stephens currently has a $120.00 price target on the stock.

Several other equities research analysts have also issued reports on the stock. Oppenheimer lifted their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. 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 report on Wednesday, November 6th. Finally, Loop Capital lowered their price objective 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.50.

Knife River Trading Up 0.5 %

Shares of Knife River stock opened at $101.88 on Friday. Knife River has a 1 year low of $66.13 and a 1 year high of $108.83. The firm has a market cap of $5.77 billion, a PE ratio of 29.19, a PEG ratio of 2.41 and a beta of 0.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. The company has a 50 day simple moving average of $102.32 and a two-hundred day simple moving average of $93.16.

Knife River (NYSE:KNF) last announced its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The business had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Analysts expect that Knife River will post 3.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of Knife River by 0.8% in the fourth quarter. Arizona State Retirement System now owns 15,609 shares of the company’s stock worth $1,586,000 after buying an additional 124 shares during the period. Angeles Wealth Management LLC increased its stake in shares of Knife River by 1.5% in the third quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company’s stock worth $760,000 after buying an additional 125 shares during the period. Sittner & Nelson LLC increased its stake in shares of Knife River by 18.5% in the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after buying an additional 150 shares during the period. Covestor Ltd increased its stake in shares of Knife River by 13.2% in the third quarter. Covestor Ltd now owns 1,288 shares of the company’s stock worth $115,000 after buying an additional 150 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after buying an additional 157 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

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.