2,812 Shares in Knife River Corporation $KNF Purchased by Banco Bilbao Vizcaya Argentaria S.A.

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. bought a new stake in Knife River Corporation (NYSE:KNF - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,812 shares of the company's stock, valued at approximately $252,000.

Other large investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in Knife River by 0.5% in the first quarter. Principal Financial Group Inc. now owns 155,329 shares of the company's stock valued at $14,012,000 after buying an additional 697 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Knife River by 14.8% during the 1st quarter. Golden State Wealth Management LLC now owns 4,313 shares of the company's stock worth $389,000 after buying an additional 555 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Knife River during the 1st quarter worth approximately $206,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Knife River by 6.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,082 shares of the company's stock worth $729,000 after buying an additional 485 shares during the period. Finally, GAMMA Investing LLC raised its stake in Knife River by 99.3% in the 1st quarter. GAMMA Investing LLC now owns 1,074 shares of the company's stock valued at $97,000 after purchasing an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Stock Performance

KNF traded down $1.86 during trading on Thursday, hitting $80.90. 1,129,714 shares of the stock were exchanged, compared to its average volume of 565,132. The firm has a market capitalization of $4.58 billion, a P/E ratio of 30.08, a PEG ratio of 6.57 and a beta of 0.63. Knife River Corporation has a 1-year low of $73.91 and a 1-year high of $108.83. The stock has a fifty day moving average price of $83.67 and a two-hundred day moving average price of $89.78. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92.

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

Analyst Ratings Changes

Several research analysts recently commented on the company. DA Davidson reduced their price objective on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 10th. Royal Bank Of Canada started coverage on Knife River in a report on Monday, June 16th. They set an "outperform" rating and a $129.00 price target for the company. Finally, Wells Fargo & Company raised their target price on Knife River from $96.00 to $97.00 and gave the company an "overweight" rating in a report on Monday, August 11th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock 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.