Knife River Corporation $KNF Stock Position Decreased by 4D Advisors LLC

Key Points

• 4D Advisors LLC reduced its stake in Knife River Corporation by 45.0%, now holding 55,000 shares, making it the company's 11th largest position.
• Analysts have varying opinions on Knife River, with Wells Fargo increasing its target price to $97.00 and DA Davidson decreasing it to $120.00, while the average consensus target remains at $114.33.
• Knife River's recent quarterly earnings report revealed an EPS of $0.89, missing estimates by $0.38, with a revenue of $833.80 million compared to the forecast of $902.26 million.

4D Advisors LLC cut its stake in shares of Knife River Corporation (NYSE:KNF - Free Report) by 45.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,000 shares of the company's stock after selling 45,000 shares during the period. Knife River makes up about 3.9% of 4D Advisors LLC's holdings, making the stock its 11th biggest position. 4D Advisors LLC owned 0.10% of Knife River worth $4,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KNF. Adage Capital Partners GP L.L.C. acquired a new stake in Knife River during the 1st quarter worth about $5,413,000. Focus Partners Advisor Solutions LLC increased its position in shares of Knife River by 2.0% in the first quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company's stock worth $722,000 after acquiring an additional 159 shares in the last quarter. Nomura Holdings Inc. raised its holdings in shares of Knife River by 135.6% during the first quarter. Nomura Holdings Inc. now owns 17,668 shares of the company's stock valued at $1,594,000 after acquiring an additional 10,170 shares during the period. DRW Securities LLC purchased a new stake in shares of Knife River in the 1st quarter valued at approximately $278,000. Finally, Driehaus Capital Management LLC boosted its stake in Knife River by 9.6% in the 1st quarter. Driehaus Capital Management LLC now owns 1,077,922 shares of the company's stock worth $97,239,000 after purchasing an additional 94,710 shares during the period. Institutional investors and hedge funds own 80.11% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on KNF shares. 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 note on Monday, August 11th. DA Davidson dropped 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. Finally, Royal Bank Of Canada initiated coverage on shares of Knife River in a research report on Monday, June 16th. They issued an "outperform" rating and a $129.00 target price for the company. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Knife River currently has an average rating of "Buy" and a consensus price target of $114.33.

Knife River Price Performance

NYSE KNF opened at $81.08 on Tuesday. Knife River Corporation has a fifty-two week low of $73.91 and a fifty-two week high of $108.83. The stock's 50-day moving average is $83.78 and its two-hundred day moving average is $89.23. The firm has a market cap of $4.59 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 5.90 and a beta of 0.63. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.78 and a quick ratio of 1.57.

Knife River (NYSE:KNF - Get Free Report) last issued 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 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 analyst estimates of $902.26 million. During the same period in the prior year, the company posted $1.37 EPS. 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, analysts anticipate that Knife River Corporation will post 4.11 earnings per share 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.

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