Dynamic Technology Lab Private Ltd Invests $416,000 in Knife River Corporation $KNF

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake by purchasing 4,611 shares of Knife River Corporation, valued at approximately $416,000, during the first quarter.
• Several institutional investors significantly increased their holdings in Knife River, with Price T Rowe Associates boosting its stake by 4,145.2% to 1,667,822 shares, now valued at $150.5 million.
• Knife River's stock recently saw a 2.8% increase, with a current average price target of $114.33 from analysts, reflecting a positive outlook despite recent earnings misses.

Dynamic Technology Lab Private Ltd acquired a new position in shares of Knife River Corporation (NYSE:KNF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,611 shares of the company's stock, valued at approximately $416,000.

A number of other large investors also recently made changes to their positions in the business. Fifth Third Bancorp increased its holdings in shares of Knife River by 19.1% in the 1st quarter. Fifth Third Bancorp now owns 661 shares of the company's stock valued at $60,000 after purchasing an additional 106 shares during the period. Focus Partners Advisor Solutions LLC boosted its position in Knife River by 2.0% during the first quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company's stock worth $722,000 after purchasing an additional 159 shares during the period. Greenleaf Trust boosted its position in Knife River by 6.7% during the first quarter. Greenleaf Trust now owns 2,567 shares of the company's stock worth $232,000 after purchasing an additional 162 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Knife River by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 6,631 shares of the company's stock worth $598,000 after acquiring an additional 175 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Knife River by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company's stock worth $1,434,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Price Performance

NYSE KNF traded down $1.54 on Tuesday, hitting $75.70. 205,176 shares of the company were exchanged, compared to its average volume of 566,735. The company has a current ratio of 2.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92. Knife River Corporation has a 1-year low of $74.50 and a 1-year high of $108.83. The company has a market cap of $4.29 billion, a P/E ratio of 28.15, a P/E/G ratio of 5.68 and a beta of 0.63. The firm has a 50 day moving average of $83.26 and a two-hundred day moving average of $87.93.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results 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). 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 during the quarter, compared to analyst estimates of $902.26 million. During the same quarter last year, the business posted $1.37 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Knife River has set its FY 2025 guidance at EPS. On average, equities analysts predict that Knife River Corporation will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on KNF. DA Davidson lowered 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. Wells Fargo & Company increased their price objective on Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada initiated coverage on shares of Knife River in a report on Monday, June 16th. They issued an "outperform" rating and a $129.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Knife River has an average rating of "Buy" and a consensus 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.