Banco Bilbao Vizcaya Argentaria S.A. Purchases Shares of 2,812 Knife River Corporation $KNF

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. acquired a new stake in Knife River Corporation, purchasing 2,812 shares valued at approximately $252,000.
• Institutional investors and hedge funds now own 80.11% of Knife River's stock, indicating strong institutional interest.
• Knife River recently reported earnings of $0.89 per share for the quarter, missing estimates while revenue was slightly up by 3.3% year-over-year.

Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Knife River Corporation (NYSE:KNF - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,812 shares of the company's stock, valued at approximately $252,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KNF. Opal Wealth Advisors LLC bought a new position in Knife River in the 1st quarter worth about $26,000. Brooklyn Investment Group grew its stake in Knife River by 31,200.0% in the first quarter. Brooklyn Investment Group now owns 313 shares of the company's stock worth $28,000 after purchasing an additional 312 shares in the last quarter. Versant Capital Management Inc increased its holdings in Knife River by 501.9% during the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock worth $29,000 after purchasing an additional 271 shares during the period. State of Wyoming purchased a new position in Knife River during the 4th quarter worth $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Knife River during the 1st quarter valued at $35,000. Institutional investors own 80.11% of the company's stock.

Knife River Stock Up 0.2%

NYSE KNF traded up $0.19 during trading on Friday, hitting $81.08. The company's stock had a trading volume of 795,625 shares, compared to its average volume of 761,377. The company has a market cap of $4.59 billion, a PE ratio of 30.14, a P/E/G ratio of 5.90 and a beta of 0.63. Knife River Corporation has a fifty-two week low of $73.91 and a fifty-two week high of $108.83. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.78 and a quick ratio of 1.57. The business's 50 day simple moving average is $83.78 and its 200-day simple moving average is $89.46.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.38). Knife River had a return on equity of 10.58% and a net margin of 5.20%.The business had revenue of $833.80 million during the quarter, compared to analyst estimates of $902.26 million. During the same quarter in the previous year, the company earned $1.37 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. Knife River has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Knife River Corporation will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KNF has been the topic of several research reports. Wells Fargo & Company raised their price target on Knife River from $96.00 to $97.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. DA Davidson cut their target price on shares of Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, June 10th. Finally, Royal Bank Of Canada started coverage on shares of Knife River in a report on Monday, June 16th. They issued an "outperform" rating and a $129.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $114.33.

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.