Hotchkis & Wiley Capital Management LLC Cuts Position in Knife River Corporation $KNF

Key Points

• Hotchkis & Wiley Capital Management LLC sold 52,560 shares of Knife River Corporation, reducing its ownership by 44.7% and leaving them with 64,990 shares valued at approximately $5.86 million.
• Analysts have mixed forecasts for Knife River, with Wells Fargo raising its price target to $97.00 and rating the stock as "overweight," while DA Davidson lowered its target to $120.00 but maintains a "buy" rating.
• Knife River's latest earnings report showed EPS of $0.89, falling short of the expected $1.27, with revenue at $833.80 million compared to an expectation of $902.26 million.

Hotchkis & Wiley Capital Management LLC lowered its stake in shares of Knife River Corporation (NYSE:KNF - Free Report) by 44.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 64,990 shares of the company's stock after selling 52,560 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.11% of Knife River worth $5,863,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Knife River during the 1st quarter valued at about $26,000. Brooklyn Investment Group grew its position in shares of Knife River by 31,200.0% during the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company's stock valued at $28,000 after acquiring an additional 312 shares during the period. Versant Capital Management Inc grew its position 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 acquiring an additional 271 shares during the period. State of Wyoming acquired a new stake in shares of Knife River during the 4th quarter valued at about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Knife River during the 1st quarter valued at about $35,000. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNF has been the topic of a number of analyst reports. Royal Bank Of Canada began coverage on Knife River in a research report on Monday, June 16th. They set an "outperform" rating and a $129.00 target price on the stock. Wells Fargo & Company lifted their price objective on Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Finally, DA Davidson lowered their price objective on Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, June 10th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $114.33.

Knife River Price Performance

KNF traded down $1.86 during trading on Thursday, reaching $80.90. The company's stock had a trading volume of 1,129,714 shares, compared to its average volume of 743,718. 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 firm has a fifty day simple moving average of $83.71 and a two-hundred day simple moving average of $89.64. Knife River Corporation has a 1 year low of $73.91 and a 1 year high of $108.83. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 6.03 and a beta of 0.63.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.89 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 firm's quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 EPS. Knife River has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Knife River Corporation will post 4.11 EPS for the current year.

Knife River Company 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.