Knife River (NYSE:KNF) Reaches New 1-Year High at $81.65

Shares of Knife River Co. (NYSE:KNF - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $81.65 and last traded at $81.33, with a volume of 143107 shares trading hands. The stock had previously closed at $79.51.

Wall Street Analysts Forecast Growth

KNF has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of Knife River in a report on Friday, January 5th. They set a "buy" rating and a $81.00 price target on the stock. Siebert Williams Shank boosted their price target on shares of Knife River from $65.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, December 26th. Loop Capital initiated coverage on shares of Knife River in a report on Tuesday, February 13th. They set a "buy" rating and a $81.00 price target on the stock. Wolfe Research initiated coverage on shares of Knife River in a report on Friday, March 8th. They set a "peer perform" rating on the stock. Finally, Oppenheimer boosted their price target on shares of Knife River from $75.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.20.

Knife River Price Performance

The stock's 50-day moving average is $74.34 and its 200 day moving average is $63.97. The stock has a market capitalization of $4.64 billion and a PE ratio of -0.16. The company has a quick ratio of 1.71, a current ratio of 2.63 and a debt-to-equity ratio of 0.53.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.16. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The firm had revenue of $646.90 million for the quarter, compared to the consensus estimate of $566.47 million. Knife River's revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts predict that Knife River Co. will post 3.5 earnings per share for the current year.

Institutional Trading of Knife River

Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in Knife River in the second quarter worth approximately $28,000. Quent Capital LLC bought a new stake in Knife River in the third quarter worth approximately $32,000. DekaBank Deutsche Girozentrale bought a new stake in Knife River in the third quarter worth approximately $34,000. Financial Management Professionals Inc. bought a new stake in Knife River in the fourth quarter worth approximately $35,000. Finally, TFO Wealth Partners LLC grew its position in Knife River by 38,250.0% in the fourth quarter. TFO Wealth Partners LLC now owns 767 shares of the company's stock worth $51,000 after acquiring an additional 765 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

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 six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading.