Nomura Holdings Inc. Purchases 10,170 Shares of Knife River Corporation $KNF

Key Points

• Nomura Holdings Inc. increased its stake in Knife River Corporation by 135.6%, acquiring an additional 10,170 shares to hold a total of 17,668 shares worth approximately $1.6 million.
• Knife River reported a miss in earnings for the last quarter, with earnings per share of $0.89 compared to analyst expectations of $1.27, despite a 3.3% increase in revenue year-over-year.
• Brokerages are optimistic about Knife River, with the current consensus rating of "Buy" and an average price target increased to $114.33.

Nomura Holdings Inc. raised its position in shares of Knife River Corporation (NYSE:KNF - Free Report) by 135.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,668 shares of the company's stock after purchasing an additional 10,170 shares during the period. Nomura Holdings Inc.'s holdings in Knife River were worth $1,594,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Knife River during the 1st quarter valued at $26,000. Brooklyn Investment Group raised its position in 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 purchasing an additional 312 shares in the last quarter. Versant Capital Management Inc raised its position in 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 purchasing an additional 271 shares in the last quarter. State of Wyoming bought a new stake in Knife River during the 4th quarter valued at $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Knife River during the 1st quarter valued at $35,000. 80.11% of the stock is owned by institutional investors.

Knife River Trading Down 1.1%

Shares of NYSE:KNF opened at $80.07 on Wednesday. Knife River Corporation has a 12-month low of $73.91 and a 12-month high of $108.83. The business's fifty day simple moving average is $83.69 and its 200-day simple moving average is $89.16. The company has a market capitalization of $4.54 billion, a PE ratio of 29.77, a P/E/G ratio of 5.90 and a beta of 0.62. The company has a current ratio of 2.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.89 earnings per share (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 during the quarter, compared to analysts' expectations of $902.26 million. During the same quarter in the prior 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. As a group, equities research analysts predict that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KNF. Wells Fargo & Company lifted their target price on Knife River from $96.00 to $97.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Royal Bank Of Canada initiated coverage on Knife River in a report on Monday, June 16th. They issued an "outperform" rating and a $129.00 price target on the stock. Finally, DA Davidson cut their price target 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 research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $114.33.

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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