Knife River (NYSE:KNF) Hits New 52-Week Low - Here's What Happened

Key Points

• Knife River Corporation shares hit a new 52-week low of $74.21 during trading, closing at $75.14, amid a trading volume of 622,344 shares.
• Despite recent low stock performance, analysts maintain a positive outlook, with six analysts rating the stock as "Buy" and an average price target of $114.33.
• In its latest earnings report, Knife River missed earnings expectations with $0.89 EPS against a consensus of $1.27, while revenue rose 3.3% year-over-year, totaling $833.8 million.

Shares of Knife River Corporation (NYSE:KNF - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $74.21 and last traded at $75.14, with a volume of 622344 shares trading hands. The stock had previously closed at $75.45.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KNF. Wells Fargo & Company upped their target price on Knife River from $96.00 to $97.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. DA Davidson lowered their price target on shares of Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada began coverage on shares of Knife River in a report on Monday, June 16th. They set an "outperform" rating and a $129.00 price target for the company. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $114.33.

Knife River Trading Down 1.1%

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 capitalization of $4.28 billion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 5.51 and a beta of 0.63. The business's 50-day simple moving average is $82.91 and its 200-day simple moving average is $87.54.

Knife River (NYSE:KNF - Get Free Report) last released its 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). The business had revenue of $833.80 million for the quarter, compared to analyst estimates of $902.26 million. Knife River had a net margin of 5.20% and a return on equity of 10.58%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.37 earnings per share. Knife River has set its FY 2025 guidance at EPS. On average, research analysts expect that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Institutional Trading of Knife River

Large investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its stake in shares of Knife River by 14.4% during the 4th quarter. Cetera Investment Advisers now owns 9,782 shares of the company's stock worth $994,000 after acquiring an additional 1,234 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Knife River by 6.9% during the 4th quarter. Quantinno Capital Management LP now owns 6,068 shares of the company's stock worth $617,000 after acquiring an additional 391 shares in the last quarter. State of Wyoming bought a new position in shares of Knife River during the 4th quarter worth approximately $30,000. Squarepoint Ops LLC bought a new position in shares of Knife River during the 4th quarter worth approximately $692,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Knife River by 4.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,803 shares of the company's stock worth $19,800,000 after acquiring an additional 9,071 shares in the last quarter. 80.11% of the stock is 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.