Knife River (NYSE:KNF) Reaches New 12-Month Low - Time to Sell?

Key Points

• Knife River (NYSE:KNF) shares reached a new 52-week low of $63.18 during trading, with the current price at $64.61.
• Recent ratings from analysts have seen target price reductions, with Oppenheimer lowering its price target from $120.00 to $100.00 and DA Davidson adjusting their target from $105.00 to $95.00.
• The company reported a quarterly EPS of $0.89, missing estimates of $1.27, despite a 3.3% increase in revenue year-over-year.

Knife River Corporation (NYSE:KNF - Get Free Report) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $63.18 and last traded at $64.61, with a volume of 793755 shares traded. The stock had previously closed at $64.79.

Analyst Ratings Changes

KNF has been the subject of several research analyst reports. DA Davidson decreased their target price on Knife River from $105.00 to $95.00 and set a "buy" rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company initiated coverage on Knife River in a research report on Tuesday, October 7th. They set a "cautious" rating for the company. Weiss Ratings reiterated a "hold (c)" rating on shares of Knife River in a research report on Wednesday, October 8th. Finally, Oppenheimer decreased their target price on Knife River from $120.00 to $100.00 and set an "outperform" rating for the company in a research report on Wednesday, October 1st. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Knife River presently has a consensus rating of "Moderate Buy" and an average target price of $106.83.

Knife River Stock Performance

The stock has a market cap of $3.66 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 5.46 and a beta of 0.57. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average price of $77.31 and a 200 day moving average price of $84.32.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.89 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 analysts' expectations of $902.26 million. Knife River had a net margin of 5.20% and a return on equity of 10.58%. The business's quarterly 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. As a group, research analysts forecast that Knife River Corporation will post 4.11 earnings per share for the current year.

Hedge Funds Weigh In On Knife River

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its stake in Knife River by 0.5% in the first quarter. Principal Financial Group Inc. now owns 155,329 shares of the company's stock valued at $14,012,000 after purchasing an additional 697 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Knife River by 14.8% in the first quarter. Golden State Wealth Management LLC now owns 4,313 shares of the company's stock valued at $389,000 after purchasing an additional 555 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in Knife River in the first quarter valued at about $206,000. Wealth Enhancement Advisory Services LLC grew its stake in Knife River by 6.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,082 shares of the company's stock valued at $729,000 after purchasing an additional 485 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Knife River by 99.3% in the first quarter. GAMMA Investing LLC now owns 1,074 shares of the company's stock valued at $97,000 after purchasing an additional 535 shares during the last quarter. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Company Profile

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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