American Century Companies Inc. Has $95.87 Million Stake in Knife River Corporation $KNF

Key Points

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American Century Companies Inc. raised its stake in Knife River Corporation (NYSE:KNF - Free Report) by 19.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,062,743 shares of the company's stock after buying an additional 175,063 shares during the quarter. American Century Companies Inc. owned approximately 1.88% of Knife River worth $95,870,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in shares of Knife River by 15.1% during the fourth quarter. Wells Fargo & Company MN now owns 60,940 shares of the company's stock valued at $6,194,000 after purchasing an additional 7,975 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Knife River by 12.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 38,236 shares of the company's stock valued at $3,886,000 after purchasing an additional 4,205 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Knife River during the fourth quarter valued at $14,600,000. Mariner LLC increased its holdings in shares of Knife River by 92.9% during the fourth quarter. Mariner LLC now owns 6,766 shares of the company's stock valued at $688,000 after purchasing an additional 3,258 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Knife River during the fourth quarter valued at $331,000. 80.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KNF shares. DA Davidson lowered their target price on Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, June 10th. Wells Fargo & Company lifted their target price on 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 started coverage on Knife River in a report on Monday, June 16th. They set an "outperform" rating and a $129.00 target price on the stock. 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 Stock Up 4.9%

NYSE KNF traded up $4.27 during trading on Friday, reaching $91.95. 675,517 shares of the company's stock were exchanged, compared to its average volume of 743,856. Knife River Corporation has a fifty-two week low of $73.91 and a fifty-two week high of $108.83. The firm has a market capitalization of $5.21 billion, a PE ratio of 34.18, a P/E/G ratio of 6.39 and a beta of 0.63. The company has a current ratio of 2.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92. The company's fifty day simple moving average is $83.24 and its 200-day simple moving average is $90.10.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 10.58% and a net margin of 5.20%.The business had revenue of $833.80 million for the quarter, compared to analyst estimates of $902.26 million. During the same quarter in the previous year, the business posted $1.37 earnings per share. The company's revenue was up 3.3% compared to the same quarter last year. Knife River has set its FY 2025 guidance at EPS. Sell-side analysts predict 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.