Paradice Investment Management LLC Purchases New Shares in Knife River Corporation $KNF

Key Points

• Paradice Investment Management bought a new position of 312,743 shares in Knife River (NYSE:KNF) during Q4, valued at about $22,001,000, making KNF ~4.3% of Paradice's portfolio and its 14th largest holding (Paradice owned 0.55% of Knife River at period end).
• Knife River posted a quarter of $0.56 EPS versus consensus $0.41 and revenue of $755.06M (up 14.9% year‑over‑year), while analysts hold a consensus "Moderate Buy" rating with an average price target of $97.29.

Paradice Investment Management LLC purchased a new position in Knife River Corporation (NYSE:KNF - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 312,743 shares of the company's stock, valued at approximately $22,001,000. Knife River accounts for about 4.3% of Paradice Investment Management LLC's investment portfolio, making the stock its 14th largest position. Paradice Investment Management LLC owned 0.55% of Knife River at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company's stock valued at $26,000 after buying an additional 200 shares in the last quarter. Quent Capital LLC bought a new position in shares of Knife River in the 3rd quarter worth about $47,000. GAMMA Investing LLC increased its stake in shares of Knife River by 34.8% in the 4th quarter. GAMMA Investing LLC now owns 685 shares of the company's stock worth $48,000 after acquiring an additional 177 shares in the last quarter. UMB Bank n.a. lifted its position in Knife River by 124.5% during the 3rd quarter. UMB Bank n.a. now owns 743 shares of the company's stock valued at $57,000 after acquiring an additional 412 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Knife River by 1,365.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,363 shares of the company's stock valued at $113,000 after acquiring an additional 1,270 shares during the period. Institutional investors own 80.11% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Knife River from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. JPMorgan Chase & Co. lifted their target price on shares of Knife River from $83.00 to $90.00 and gave the company a "neutral" rating in a report on Thursday, March 5th. Stephens boosted their price target on Knife River from $86.00 to $105.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 18th. DA Davidson upped their price target on Knife River from $95.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company reduced their price objective on Knife River from $81.00 to $80.00 and set an "underweight" rating for the company in a research report on Wednesday, April 15th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Knife River presently has an average rating of "Moderate Buy" and an average price target of $97.29.

Knife River Stock Performance

Shares of KNF stock opened at $88.30 on Friday. Knife River Corporation has a one year low of $58.72 and a one year high of $103.18. The company's 50-day moving average is $84.21 and its 200 day moving average is $76.34. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 31.99, a price-to-earnings-growth ratio of 2.00 and a beta of 0.41. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.39 and a current ratio of 2.54.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.15. The business had revenue of $755.06 million during the quarter, compared to analyst estimates of $726.60 million. Knife River had a net margin of 4.99% and a return on equity of 10.27%. Knife River's revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. Sell-side analysts expect that Knife River Corporation will post 3.21 EPS for the current fiscal year.

About Knife River

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.

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