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

Knife River Co. (NYSE:KNF) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $103.75.

A number of research analysts have issued reports on KNF shares. DA Davidson upped their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer boosted their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Loop Capital lowered their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Institutional Trading of Knife River

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. increased 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 valued at $38,201,000 after acquiring an additional 39,991 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Knife River by 165.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 38,160 shares of the company’s stock valued at $3,411,000 after purchasing an additional 23,779 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Knife River by 24.4% during the 3rd quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after buying an additional 5,004 shares in the last quarter. Ausbil Investment Management Ltd lifted its position in Knife River by 599.5% in the 3rd quarter. Ausbil Investment Management Ltd now owns 19,579 shares of the company’s stock worth $1,750,000 after buying an additional 16,780 shares during the last quarter. Finally, Chesapeake Capital Corp IL purchased a new stake in Knife River in the third quarter worth approximately $567,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Stock Down 3.1 %

KNF stock opened at $95.23 on Friday. The stock’s 50 day simple moving average is $100.89 and its 200 day simple moving average is $88.08. The company has a market cap 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 company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. Knife River has a fifty-two week low of $61.82 and a fifty-two week high of $108.39.

Knife River (NYSE:KNF) last posted its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.58 earnings per share. On average, research analysts expect that Knife River will post 3.49 earnings per share for the current fiscal year.

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.