Knife River Corporation (NYSE:KNF) Given Average Recommendation of "Buy" by Analysts

Key Points

• Knife River Corporation (NYSE:KNF) received an average recommendation of "Buy" from six brokerage firms, indicating strong investor interest.
• The company's earnings report showed a missed consensus estimate for EPS at $0.89, falling short of the expected $1.27, with revenues reported at $833.80 million.
• Institutional investors significantly increased their stakes in Knife River, with 80.11% of the company's stock now held by institutional entities.

Shares of Knife River Corporation (NYSE:KNF - Get Free Report) have received an average rating of "Buy" from the six brokerages that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokerages that have covered the stock in the last year is $114.3333.

A number of research firms recently weighed in on KNF. DA Davidson decreased 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. Wells Fargo & Company boosted their target price on Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a report on Monday, August 11th. Finally, Royal Bank Of Canada started coverage on Knife River in a research note on Monday, June 16th. They issued an "outperform" rating and a $129.00 price target for the company.

Knife River Stock Up 0.2%

KNF stock opened at $81.08 on Friday. The company has a current ratio of 2.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $4.59 billion, a PE ratio of 30.14, a PEG ratio of 5.89 and a beta of 0.63. Knife River has a 1-year low of $73.91 and a 1-year high of $108.83. The business's 50 day simple moving average is $83.78 and its 200 day simple moving average is $89.51.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.38). The business 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 firm's revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.37 earnings per share. Knife River has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Knife River will post 4.11 EPS for the current year.

Institutional Trading of Knife River

Several institutional investors have recently added to or reduced their stakes in KNF. Price T Rowe Associates Inc. MD boosted its stake in Knife River by 4,145.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,667,822 shares of the company's stock valued at $150,456,000 after purchasing an additional 1,628,535 shares during the period. Norges Bank bought a new stake in Knife River in the 2nd quarter valued at $53,260,000. T. Rowe Price Investment Management Inc. boosted its stake in Knife River by 129.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,053,386 shares of the company's stock valued at $95,026,000 after purchasing an additional 593,431 shares during the period. Nuveen LLC bought a new stake in Knife River in the 1st quarter valued at $38,521,000. Finally, Invesco Ltd. boosted its stake in Knife River by 40.6% in the 1st quarter. Invesco Ltd. now owns 1,236,929 shares of the company's stock valued at $111,583,000 after purchasing an additional 357,133 shares during the period. 80.11% of the stock is currently owned by institutional investors.

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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