DMKC Advisory Services LLC Purchases Shares of 4,516 Knife River Corporation $KNF

Key Points

• DMKC Advisory Services LLC acquired 4,516 shares of Knife River Corporation, valued at approximately $358,000, marking a new investment position in the company.
• Analysts have mixed views on Knife River's stock, with Oppenheimer reducing its price target from $120.00 to $100.00, while Wells Fargo raised theirs from $96.00 to $97.00.
• Knife River reported earnings of $0.89 per share, missing the consensus estimate of $1.27, with a 3.3% increase in revenue compared to the previous year.

DMKC Advisory Services LLC purchased a new position in Knife River Corporation (NYSE:KNF - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,516 shares of the company's stock, valued at approximately $358,000.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in Knife River in the 1st quarter worth $26,000. Brooklyn Investment Group increased its holdings in shares of Knife River by 31,200.0% in the first quarter. Brooklyn Investment Group now owns 313 shares of the company's stock valued at $28,000 after purchasing an additional 312 shares during the period. Versant Capital Management Inc raised its stake in shares of Knife River by 501.9% in the first quarter. Versant Capital Management Inc now owns 325 shares of the company's stock worth $29,000 after purchasing an additional 271 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Knife River during the first quarter worth about $35,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Knife River by 173.9% during the first quarter. Bessemer Group Inc. now owns 545 shares of the company's stock worth $49,000 after purchasing an additional 346 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on KNF shares. Oppenheimer dropped their price objective on shares of Knife River from $120.00 to $100.00 and set an "outperform" rating on the stock in a report on Wednesday. Wells Fargo & Company boosted their target price 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. DA Davidson cut their price target on Knife River from $105.00 to $95.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Royal Bank Of Canada initiated coverage on Knife River in a research note on Monday, June 16th. They set an "outperform" rating and a $129.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $106.83.

Knife River Stock Down 5.4%

KNF opened at $72.73 on Thursday. The company has a fifty day moving average of $82.03 and a two-hundred day moving average of $86.73. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 5.60 and a beta of 0.58. Knife River Corporation has a fifty-two week low of $70.80 and a fifty-two week 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 posted its earnings results on Tuesday, August 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $902.26 million. During the same period in the previous year, the company earned $1.37 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. Knife River has set its FY 2025 guidance at EPS. On average, research analysts expect that Knife River Corporation will post 4.11 earnings per share for the current 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.

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