Fox Run Management L.L.C. Makes New $681,000 Investment in Knife River Corporation $KNF

Key Points

• Fox Run Management L.L.C. acquired 7,548 shares of Knife River Corporation (NYSE:KNF) valued at approximately $681,000 during the 1st quarter.
• Analysts have a consensus "Buy" rating on Knife River stock, with a target price averaged at $114.33, despite some recent adjustments to price targets by various firms.
• Knife River reported a miss in earnings per share of $0.89 for the last quarter, falling short of estimates by ($0.38), while revenues were $833.8 million compared to a consensus of $902.26 million.

Fox Run Management L.L.C. bought a new position in Knife River Corporation (NYSE:KNF - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm bought 7,548 shares of the company's stock, valued at approximately $681,000.

A number of other large investors also recently added to or reduced their stakes in the business. Capital Research Global Investors increased its position in shares of Knife River by 45.2% in the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock valued at $196,829,000 after acquiring an additional 603,170 shares during the period. T. Rowe Price Investment Management Inc. purchased a new position in shares of Knife River in the fourth quarter valued at about $46,750,000. Nuveen LLC purchased a new position in shares of Knife River in the first quarter valued at about $38,521,000. Invesco Ltd. increased its position in shares of Knife River by 40.6% in the first quarter. Invesco Ltd. now owns 1,236,929 shares of the company's stock valued at $111,583,000 after acquiring an additional 357,133 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Knife River by 56.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 426,781 shares of the company's stock valued at $38,500,000 after acquiring an additional 153,808 shares during the period. Hedge funds and other institutional investors own 80.11% of the company's stock.

Analyst Ratings Changes

KNF has been the topic of a number of analyst reports. DA Davidson decreased 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 report on Tuesday, June 10th. Wells Fargo & Company lifted their target price on shares of Knife River from $96.00 to $97.00 and gave the company an "overweight" rating in a research note on Monday, August 11th. Finally, Royal Bank Of Canada assumed coverage on shares of Knife River in a research report on Monday, June 16th. They set an "outperform" rating and a $129.00 price target on the stock. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Knife River presently has a consensus rating of "Buy" and an average target price of $114.33.

Knife River Trading Up 2.3%

Shares of NYSE KNF traded up $1.9790 during midday trading on Tuesday, hitting $89.3590. 401,900 shares of the company traded hands, compared to its average volume of 771,713. Knife River Corporation has a 12-month low of $73.91 and a 12-month 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. The stock has a 50-day moving average price of $82.91 and a 200 day moving average price of $90.30. The firm has a market cap of $5.06 billion, a P/E ratio of 33.22, a P/E/G ratio of 6.37 and a beta of 0.63.

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

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.