Driehaus Capital Management LLC Has $97.24 Million Stake in Knife River Corporation $KNF

Key Points

• Driehaus Capital Management LLC increased its holdings in Knife River Corporation by 9.6%, owning a total of 1,077,922 shares after acquiring 94,710 shares in the first quarter.
• Knife River's stock price recently opened at $80.90, with a market cap of $4.58 billion and a PE ratio of 30.08.
• The company reported $0.89 earnings per share for the last quarter, missing analysts' expectations of $1.27 by $0.38.

Driehaus Capital Management LLC raised its stake in shares of Knife River Corporation (NYSE:KNF - Free Report) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,077,922 shares of the company's stock after buying an additional 94,710 shares during the quarter. Knife River comprises 0.9% of Driehaus Capital Management LLC's portfolio, making the stock its 16th biggest position. Driehaus Capital Management LLC owned 1.90% of Knife River worth $97,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of KNF. Opal Wealth Advisors LLC acquired a new stake in shares of Knife River during the 1st quarter worth $26,000. State of Wyoming purchased a new position in shares of Knife River during the fourth quarter valued at approximately $30,000. Brooklyn Investment Group boosted its position in Knife River by 31,200.0% in the first quarter. Brooklyn Investment Group now owns 313 shares of the company's stock worth $28,000 after purchasing an additional 312 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Knife River by 501.9% during the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock valued at $29,000 after purchasing an additional 271 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Knife River in the 1st quarter worth about $35,000. Institutional investors own 80.11% of the company's stock.

Knife River Price Performance

KNF traded down $0.93 on Tuesday, hitting $80.07. 596,196 shares of the company were exchanged, compared to its average volume of 566,707. Knife River Corporation has a fifty-two week low of $73.91 and a fifty-two week high of $108.83. The firm has a market capitalization of $4.54 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 5.90 and a beta of 0.63. 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 $83.78 and its 200 day moving average is $89.23.

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 (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.38). The firm had revenue of $833.80 million for the quarter, compared to analysts' expectations of $902.26 million. Knife River had a net margin of 5.20% and a return on equity of 10.58%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.37 EPS. Knife River has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Knife River Corporation will post 4.11 EPS for the current year.

Analysts Set New Price Targets

KNF has been the subject of several analyst reports. DA Davidson dropped their target price on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, June 10th. Wells Fargo & Company lifted their target price 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 began coverage on Knife River in a research note on Monday, June 16th. They set an "outperform" rating and a $129.00 target price on the stock. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target 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.