Dimensional Fund Advisors LP Sells 25,886 Shares of Knife River Corporation $KNF

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Knife River Corporation (NYSE:KNF) by 2.2%, holding 1,176,978 shares valued at approximately $106 million.
• Knife River reported a Q2 EPS of $0.89, falling short of estimates of $1.27, with revenue of $833.80 million against expectations of $902.26 million.
• Analysts' consensus rates Knife River as a "Buy", with a target price averaging $114.33 after multiple adjustments by firms like DA Davidson and Wells Fargo.

Dimensional Fund Advisors LP reduced its stake in shares of Knife River Corporation (NYSE:KNF - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,176,978 shares of the company's stock after selling 25,886 shares during the period. Dimensional Fund Advisors LP owned 2.08% of Knife River worth $106,173,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in Knife River in the 1st quarter worth approximately $26,000. State of Wyoming purchased a new position in Knife River in the 4th quarter worth approximately $30,000. Versant Capital Management Inc lifted its holdings in Knife River by 501.9% in 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Knife River in the 1st quarter worth approximately $35,000. Finally, Bessemer Group Inc. lifted its holdings in Knife River by 173.9% in the 1st quarter. Bessemer Group Inc. now owns 545 shares of the company's stock worth $49,000 after purchasing an additional 346 shares in the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Stock Down 6.4%

Shares of KNF traded down $5.81 during midday trading on Wednesday, reaching $84.34. 654,751 shares of the stock were exchanged, compared to its average volume of 557,628. Knife River Corporation has a 52 week low of $73.91 and a 52 week high of $108.83. The company has a current ratio of 2.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92. The company's 50 day moving average is $83.60 and its two-hundred day moving average is $89.83. The company has a market capitalization of $4.78 billion, a P/E ratio of 31.31, a PEG ratio of 6.63 and a beta of 0.63.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly 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). Knife River had a return on equity of 10.58% and a net margin of 5.20%.The firm had revenue of $833.80 million for the quarter, compared to the consensus estimate of $902.26 million. During the same period in the previous year, the company posted $1.37 EPS. Knife River's quarterly revenue was up 3.3% compared to the same quarter last year. Knife River has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. DA Davidson lowered their price target on Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, June 10th. Wells Fargo & Company upped their price objective on Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a 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 objective on the stock. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $114.33.

About Knife River

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.