Campbell Newman Asset Management Inc. Invests $1.45 Million in Knife River Corporation $KNF

Key Points

• Campbell Newman Asset Management Inc. invested approximately $1.45 million in Knife River Corporation by acquiring 17,711 shares during the second quarter.
• Knife River's earnings per share for the quarter were reported at $0.89, missing analyst expectations of $1.27, while revenue came in at $833.8 million, below the estimated $902.26 million.
• The stock currently has a consensus rating of "Buy" from several analyst reports, with an average target price of $114.33.

Campbell Newman Asset Management Inc. acquired a new stake in shares of Knife River Corporation (NYSE:KNF - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,711 shares of the company's stock, valued at approximately $1,446,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ausbil Investment Management Ltd lifted its stake in Knife River by 36.6% in the second quarter. Ausbil Investment Management Ltd now owns 4,794 shares of the company's stock valued at $391,000 after buying an additional 1,284 shares during the last quarter. Congress Asset Management Co. lifted its position in Knife River by 1.5% in the 2nd quarter. Congress Asset Management Co. now owns 744,667 shares of the company's stock valued at $60,795,000 after purchasing an additional 10,835 shares during the last quarter. Unified Investment Management boosted its stake in Knife River by 2.6% during the 2nd quarter. Unified Investment Management now owns 5,968 shares of the company's stock valued at $487,000 after purchasing an additional 153 shares during the period. Brady Martz Wealth Solutions LLC grew its position in Knife River by 2.3% in the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,786 shares of the company's stock worth $554,000 after purchasing an additional 152 shares during the last quarter. Finally, Oliver Luxxe Assets LLC increased its stake in shares of Knife River by 1.0% in the second quarter. Oliver Luxxe Assets LLC now owns 35,172 shares of the company's stock valued at $2,871,000 after purchasing an additional 345 shares during the period. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Up 0.7%

Shares of KNF stock opened at $74.07 on Tuesday. Knife River Corporation has a 1 year low of $70.80 and a 1 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. The business's fifty day moving average is $82.30 and its 200-day moving average is $86.89. The stock has a market cap of $4.20 billion, a PE ratio of 27.53, a price-to-earnings-growth ratio of 5.36 and a beta of 0.63.

Knife River (NYSE:KNF - Get Free Report) last announced 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 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. Knife River has set its FY 2025 guidance at EPS. Equities analysts expect that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

KNF has been the subject of several analyst reports. 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 report on Tuesday, June 10th. Wells Fargo & Company boosted their price target on Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada assumed coverage on Knife River in a report on Monday, June 16th. They set an "outperform" rating and a $129.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $114.33.

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.

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