Knife River Corporation $KNF Holdings Increased by Boston Partners

Key Points

• Boston Partners increased its holdings in Knife River Corporation by 1.2% during Q1, bringing its total ownership to 238,385 shares, valued at approximately $21.4 million.
• Knife River reported a Q2 EPS of $0.89, significantly missing analysts' expectations of $1.27, while its revenue of $833.8 million also fell short of the forecast.
• Analysts maintain a consensus "Buy" rating for Knife River, with an average target price of $114.33, demonstrating positive sentiment despite recent earnings misses.

Boston Partners grew its position in Knife River Corporation (NYSE:KNF - Free Report) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,385 shares of the company's stock after purchasing an additional 2,904 shares during the quarter. Boston Partners owned approximately 0.42% of Knife River worth $21,435,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KNF. Capital Research Global Investors grew its position in shares of Knife River by 45.2% in the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock valued at $196,829,000 after buying an additional 603,170 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in Knife River during the 4th quarter worth $46,750,000. Nuveen LLC purchased a new stake in shares of Knife River in the first quarter valued at about $38,521,000. Invesco Ltd. boosted its holdings in shares of Knife River by 40.6% in the first quarter. Invesco Ltd. now owns 1,236,929 shares of the company's stock valued at $111,583,000 after acquiring an additional 357,133 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Knife River by 56.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 426,781 shares of the company's stock valued at $38,500,000 after acquiring an additional 153,808 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Knife River Stock Performance

Shares of Knife River stock traded down $2.8230 during trading hours on Wednesday, reaching $86.5070. The company's stock had a trading volume of 150,924 shares, compared to its average volume of 558,527. The stock has a market cap of $4.90 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 6.37 and a beta of 0.63. The company's 50 day simple moving average is $82.91 and its 200 day simple moving average is $90.30. Knife River Corporation has a one year low of $73.91 and a one year high of $108.83. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.57 and a current ratio of 2.78.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.38). The firm had revenue of $833.80 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 earnings per share. Knife River has set its FY 2025 guidance at EPS. As a group, analysts expect that Knife River Corporation will post 4.11 EPS for the current fiscal year.

Knife River 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.