Knife River Corporation $KNF Shares Acquired by CW Advisors LLC

Key Points

• CW Advisors LLC increased its stake in Knife River Corporation by 6.8%, now holding approximately 95,310 shares valued at $8.6 million as of their latest SEC filing.
• Knife River's quarterly earnings report revealed an EPS of $0.89, falling short of analysts' expectations of $1.27, with a total revenue of $833.8 million.
• Investment analysts maintain a positive outlook on Knife River, with six rating the stock as a "Buy" and an average price target of $114.33.

CW Advisors LLC boosted its stake in Knife River Corporation (NYSE:KNF - Free Report) by 6.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,310 shares of the company's stock after buying an additional 6,062 shares during the quarter. CW Advisors LLC owned approximately 0.17% of Knife River worth $8,600,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KNF. Opal Wealth Advisors LLC purchased a new stake in Knife River in the 1st quarter valued at approximately $26,000. Brooklyn Investment Group lifted its stake in Knife River by 31,200.0% in the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company's stock valued at $28,000 after buying an additional 312 shares in the last quarter. Versant Capital Management Inc lifted its stake in Knife River by 501.9% in the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock valued at $29,000 after buying an additional 271 shares in the last quarter. State of Wyoming purchased a new stake in Knife River in the 4th quarter valued at approximately $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Knife River in the 1st quarter valued at approximately $35,000. 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 recent research reports. DA Davidson reduced their target price on Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 10th. Royal Bank Of Canada initiated coverage on Knife River in a research note on Monday, June 16th. They set an "outperform" rating and a $129.00 price target on the stock. Finally, Wells Fargo & Company increased their price target on Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a research note on Monday, August 11th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $114.33.

Knife River Trading Up 4.9%

Shares of Knife River stock opened at $91.95 on Friday. The firm has a market cap 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 quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92. The business's fifty day moving average is $83.24 and its two-hundred day moving average is $90.10. Knife River Corporation has a fifty-two week low of $73.91 and a fifty-two week high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last released 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). The firm had revenue of $833.80 million for the quarter, compared to analyst estimates of $902.26 million. Knife River had a return on equity of 10.58% and a net margin of 5.20%.The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share. Knife River has set its FY 2025 guidance at EPS. Analysts anticipate that Knife River Corporation will post 4.11 earnings per share 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.

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