Knife River Co. (NYSE:KNF) Receives $81.60 Average PT from Brokerages

Shares of Knife River Co. (NYSE:KNF) have earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $81.60.

Separately, Stephens started coverage on Knife River in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price objective for the company.

Knife River Trading Up 0.5 %

Shares of NYSE:KNF opened at $75.28 on Friday. The stock’s 50-day simple moving average is $75.14 and its two-hundred day simple moving average is $75.06. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 1.97 and a beta of 0.83. Knife River has a 52-week low of $46.51 and a 52-week high of $83.78. 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 posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company had revenue of $806.90 million for the quarter, compared to the consensus estimate of $803.81 million. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. Analysts expect that Knife River will post 3.64 EPS for the current year.

Hedge Funds Weigh In On Knife River

Hedge funds have recently made changes to their positions in the business. CWM LLC grew its stake in Knife River by 57.5% during the fourth quarter. CWM LLC now owns 3,128 shares of the company’s stock valued at $207,000 after acquiring an additional 1,142 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Knife River by 12.9% in the fourth quarter. California Public Employees Retirement System now owns 90,956 shares of the company’s stock worth $6,019,000 after purchasing an additional 10,403 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Knife River by 25.8% in the fourth quarter. New York State Common Retirement Fund now owns 156,766 shares of the company’s stock worth $10,375,000 after buying an additional 32,134 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Knife River by 9.9% in the fourth quarter. Yousif Capital Management LLC now owns 27,088 shares of the company’s stock worth $1,793,000 after buying an additional 2,431 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Knife River by 7.5% during the fourth quarter. Russell Investments Group Ltd. now owns 43,500 shares of the company’s stock valued at $2,879,000 after buying an additional 3,026 shares during 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.