Roubaix Capital LLC Has $3 Million Stock Position in Knife River Corporation $KNF

Key Points

• Roubaix Capital LLC has reduced its holdings in Knife River Corporation by 21.9%, owning 33,267 shares after selling 9,326 shares in the first quarter, valuing its stake at approximately $3 million.
• Knife River's stock has seen mixed performance, with a recent earnings report showing an EPS of $0.89, missing estimates, while revenue of $833.8 million also fell short of expectations.
• Several analysts have recently adjusted their target prices for Knife River, with a consensus rating of "Buy" and an average target price of $114.33, indicating potential growth despite recent performance challenges.

Roubaix Capital LLC decreased its stake in shares of Knife River Corporation (NYSE:KNF - Free Report) by 21.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 33,267 shares of the company's stock after selling 9,326 shares during the period. Roubaix Capital LLC owned 0.06% of Knife River worth $3,001,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KNF. Opal Wealth Advisors LLC bought a new stake in shares of Knife River during the 1st quarter worth about $26,000. Versant Capital Management Inc boosted its holdings in shares of Knife River by 501.9% during the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock worth $29,000 after buying an additional 271 shares during the period. State of Wyoming bought a new stake in shares of Knife River during the 4th quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Knife River during the 1st quarter worth about $35,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Knife River by 173.9% during the 1st quarter. Bessemer Group Inc. now owns 545 shares of the company's stock worth $49,000 after buying an additional 346 shares during the period. Institutional investors own 80.11% of the company's stock.

Knife River Price Performance

Shares of NYSE KNF traded up $1.9790 during trading hours on Tuesday, hitting $89.3590. 401,900 shares of the stock were exchanged, compared to its average volume of 771,713. 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 company has a market cap of $5.06 billion, a PE ratio of 33.22, a price-to-earnings-growth ratio of 6.37 and a beta of 0.63. The company's fifty day simple moving average is $82.91 and its two-hundred day simple moving average is $90.30. Knife River Corporation has a 1-year low of $73.91 and a 1-year high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business's revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.37 EPS. Knife River has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Knife River Corporation will post 4.11 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on KNF shares. Royal Bank Of Canada started coverage on shares of Knife River in a report on Monday, June 16th. They set an "outperform" rating and a $129.00 target price for the company. Wells Fargo & Company increased their target price on shares of Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Finally, DA Davidson decreased their target price on shares of Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, June 10th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Knife River has an average rating of "Buy" and a consensus price target 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.