Dynamic Technology Lab Private Ltd Buys Shares of 4,611 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 bought a new stake in shares of Knife River Corporation (NYSE:KNF - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,611 shares of the company's stock, valued at approximately $416,000.

Several other hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD lifted its position in Knife River by 4,145.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,667,822 shares of the company's stock valued at $150,456,000 after purchasing an additional 1,628,535 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Knife River by 40.6% in the 1st quarter. Invesco Ltd. now owns 1,236,929 shares of the company's stock worth $111,583,000 after acquiring an additional 357,133 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Knife River by 7.1% in the 1st quarter. Alliancebernstein L.P. now owns 1,179,797 shares of the company's stock worth $106,429,000 after acquiring an additional 78,209 shares during the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Knife River by 9.6% in the 1st quarter. Driehaus Capital Management LLC now owns 1,077,922 shares of the company's stock worth $97,239,000 after acquiring an additional 94,710 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Knife River by 19.7% in the 1st quarter. American Century Companies Inc. now owns 1,062,743 shares of the company's stock worth $95,870,000 after acquiring an additional 175,063 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Up 0.8%

Shares of KNF stock traded up $0.60 during mid-day trading on Wednesday, reaching $76.05. 66,570 shares of the company's stock traded hands, compared to its average volume of 566,430. Knife River Corporation has a 12 month low of $74.50 and a 12 month high of $108.83. The company has a market cap of $4.31 billion, a P/E ratio of 28.27, a P/E/G ratio of 5.63 and a beta of 0.62. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92. The company's 50-day moving average price is $83.18 and its 200-day moving average price is $87.84.

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 analysts' consensus estimates of $1.27 by ($0.38). Knife River had a net margin of 5.20% and a return on equity of 10.58%. The business had revenue of $833.80 million for the quarter, compared to the consensus estimate of $902.26 million. During the same quarter last year, the firm posted $1.37 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. Knife River has set its FY 2025 guidance at EPS. On average, equities analysts expect that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on KNF. DA Davidson lowered their price objective on shares of 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 boosted their price objective 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. Finally, Royal Bank Of Canada began coverage on shares of Knife River in a report on Monday, June 16th. They issued an "outperform" rating and a $129.00 price objective for the company. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Knife River presently has a consensus rating of "Buy" and an average price target 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.