Charles Schwab Investment Management Inc. Has $60.16 Million Holdings in Knife River Corporation $KNF

Key Points

• Charles Schwab Investment Management Inc. decreased its stake in Knife River Corporation by 3.7%, selling 25,808 shares to hold a total of 666,874 shares worth approximately $60.16 million.
• Analysts have mixed opinions on Knife River, with several firms adjusting their target prices; Wells Fargo raised theirs from $96.00 to $97.00 while DA Davidson lowered theirs from $125.00 to $120.00, maintaining a "buy" rating.
• Knife River's latest earnings report showed a miss on EPS expectations, with the company reporting $0.89 per share compared to the consensus estimate of $1.27, despite a year-over-year revenue increase of 3.3%.

Charles Schwab Investment Management Inc. decreased its position in shares of Knife River Corporation (NYSE:KNF - Free Report) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 666,874 shares of the company's stock after selling 25,808 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.18% of Knife River worth $60,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors boosted its stake in Knife River by 45.2% during the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock worth $196,829,000 after acquiring an additional 603,170 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Knife River by 1.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,034,246 shares of the company's stock worth $105,121,000 after acquiring an additional 17,234 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in Knife River by 3.7% during the 4th quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock worth $99,934,000 after acquiring an additional 34,747 shares during the last quarter. Hood River Capital Management LLC boosted its stake in Knife River by 4.3% during the 4th quarter. Hood River Capital Management LLC now owns 906,534 shares of the company's stock worth $92,140,000 after acquiring an additional 37,431 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Knife River by 13.7% during the 4th quarter. Northern Trust Corp now owns 750,517 shares of the company's stock worth $76,283,000 after acquiring an additional 90,450 shares during the last quarter. Institutional investors own 80.11% of the company's stock.

Knife River Stock Down 2.2%

KNF stock traded down $1.96 during mid-day trading on Wednesday, hitting $87.37. 50,271 shares of the company were exchanged, compared to its average volume of 557,800. 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 firm has a market cap of $4.95 billion, a P/E ratio of 32.48, a P/E/G ratio of 6.37 and a beta of 0.63. The firm's 50 day simple moving average is $82.91 and its 200 day simple moving average is $90.30. Knife River Corporation has a 1-year low of $73.91 and a 1-year high of $108.83.

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

Analysts Set New Price Targets

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