Deutsche Bank AG grew its holdings in Knife River Co. (NYSE:KNF - Free Report) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 180,087 shares of the company's stock after purchasing an additional 16,625 shares during the quarter. Deutsche Bank AG owned approximately 0.32% of Knife River worth $18,304,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Driehaus Capital Management LLC boosted its stake in Knife River by 3.7% in the fourth quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock valued at $99,934,000 after acquiring an additional 34,747 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Knife River by 14.4% in the 4th quarter. Cetera Investment Advisers now owns 9,782 shares of the company's stock valued at $994,000 after purchasing an additional 1,234 shares during the period. BNP Paribas Financial Markets bought a new position in shares of Knife River in the 4th quarter worth $2,121,000. 4D Advisors LLC acquired a new stake in shares of Knife River during the fourth quarter worth $10,164,000. Finally, Comerica Bank grew its stake in shares of Knife River by 6.1% during the fourth quarter. Comerica Bank now owns 42,752 shares of the company's stock worth $4,345,000 after purchasing an additional 2,448 shares during the period. Institutional investors and hedge funds own 80.11% of the company's stock.
Knife River Stock Down 2.7%
NYSE:KNF opened at $100.09 on Thursday. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The stock has a 50-day moving average price of $92.09 and a two-hundred day moving average price of $97.39. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 28.27, a PEG ratio of 2.36 and a beta of 0.96. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45.
Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing the consensus estimate of ($0.89) by ($0.32). Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. During the same quarter last year, the firm earned ($0.84) EPS. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts expect that Knife River Co. will post 4.11 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on KNF shares. Wells Fargo & Company raised their target price on Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a report on Tuesday. Stephens reissued an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $112.80.
Get Our Latest Report on Knife River
About Knife River
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Knife River, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Knife River wasn't on the list.
While Knife River currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
