CW Advisors LLC Purchases 6,062 Shares of Knife River Corporation $KNF

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 holdings in shares of Knife River Corporation (NYSE:KNF - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 95,310 shares of the company's stock after purchasing an additional 6,062 shares during the quarter. CW Advisors LLC owned about 0.17% of Knife River worth $8,600,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in KNF. Fifth Third Bancorp boosted its position in shares of Knife River by 19.1% in the first quarter. Fifth Third Bancorp now owns 661 shares of the company's stock valued at $60,000 after acquiring an additional 106 shares during the period. Greenleaf Trust raised its stake in Knife River by 6.7% during the 1st quarter. Greenleaf Trust now owns 2,567 shares of the company's stock valued at $232,000 after purchasing an additional 162 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in 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 valued at $598,000 after purchasing an additional 175 shares during the period. Louisiana State Employees Retirement System grew its position in Knife River by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company's stock worth $1,434,000 after purchasing an additional 200 shares during the last quarter. Finally, Independent Advisor Alliance grew its position in Knife River by 8.3% in the 1st quarter. Independent Advisor Alliance now owns 2,816 shares of the company's stock worth $254,000 after purchasing an additional 217 shares during the last quarter. 80.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. 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. Royal Bank Of Canada started coverage on shares of 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, DA Davidson dropped their price objective on shares of Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 10th. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Knife River presently has a consensus rating of "Buy" and an average target price of $114.33.

Knife River Price Performance

Knife River stock traded down $0.77 during trading hours on Thursday, hitting $82.00. 310,053 shares of the stock were exchanged, compared to its average volume of 559,663. Knife River Corporation has a 12 month low of $73.91 and a 12 month high of $108.83. The business's 50-day moving average is $83.67 and its two-hundred day moving average is $89.78. 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 market capitalization of $4.65 billion, a P/E ratio of 30.51, a P/E/G ratio of 6.57 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 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 the consensus estimate of $902.26 million. During the same quarter last year, the company earned $1.37 earnings per share. The firm's revenue was up 3.3% on a year-over-year basis. Knife River has set its FY 2025 guidance at EPS. Equities research analysts expect that Knife River Corporation will post 4.11 EPS for the current fiscal 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.