7,548 Shares in Knife River Corporation $KNF Purchased by Fox Run Management L.L.C.

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 its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,548 shares of the company's stock, valued at approximately $681,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. 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 worth $60,000 after purchasing an additional 106 shares in the last quarter. Greenleaf Trust grew its position in Knife River by 6.7% in the 1st 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 boosted its stake in shares of Knife River by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 6,631 shares of the company's stock worth $598,000 after buying an additional 175 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings 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 period. Finally, Independent Advisor Alliance increased its position in Knife River by 8.3% during the first quarter. Independent Advisor Alliance now owns 2,816 shares of the company's stock valued at $254,000 after acquiring an additional 217 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KNF has been the subject of a number of recent research reports. DA Davidson cut their price target on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 10th. 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. Finally, Royal Bank Of Canada started coverage on shares of Knife River in a research report on Monday, June 16th. They issued an "outperform" rating and a $129.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Knife River has a consensus rating of "Buy" and an average target price of $114.33.

Knife River Price Performance

KNF traded up $4.3060 during trading on Friday, reaching $91.9860. 202,850 shares of the company traded hands, compared to its average volume of 555,852. Knife River Corporation has a 12-month low of $73.91 and a 12-month high of $108.83. The firm has a fifty day simple moving average of $83.01 and a 200 day simple moving average of $90.17. 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 company has a market cap of $5.21 billion, a P/E ratio of 34.25, a PEG ratio of 6.32 and a beta of 0.63.

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 net margin of 5.20% and a return on equity of 10.58%. The company 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 business posted $1.37 earnings per share. The business's 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 forecast that Knife River Corporation will post 4.11 EPS 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.