Knife River (NYSE:KNF) Shares Gap Down to $80.77

Knife River Co. (NYSE:KNF - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $80.77, but opened at $74.00. Knife River shares last traded at $76.57, with a volume of 46,711 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Wolfe Research initiated coverage on Knife River in a research report on Friday, March 8th. They set a "peer perform" rating on the stock. Oppenheimer raised their price objective on Knife River from $75.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. Finally, Loop Capital started coverage on Knife River in a research note on Tuesday, February 13th. They set a "buy" rating and a $81.00 target price for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Knife River has an average rating of "Moderate Buy" and an average target price of $76.20.

Knife River Stock Performance

The company has a quick ratio of 1.71, a current ratio of 2.63 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average of $77.78 and a 200-day moving average of $67.64. The stock has a market capitalization of $4.47 billion and a PE ratio of -0.15.

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 during the quarter, compared to the consensus estimate of $566.47 million. The business's revenue was up 20.4% on a year-over-year basis. Equities analysts anticipate that Knife River Co. will post 3.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knife River

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Knife River by 9.1% during the fourth quarter. Vanguard Group Inc. now owns 6,044,184 shares of the company's stock valued at $400,004,000 after acquiring an additional 503,892 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Knife River by 16.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,398,360 shares of the company's stock valued at $92,546,000 after purchasing an additional 199,389 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Knife River by 48.0% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,150,473 shares of the company's stock worth $76,138,000 after purchasing an additional 373,359 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of Knife River by 19.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 1,120,623 shares of the company's stock worth $54,720,000 after buying an additional 184,192 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Knife River by 122.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 819,296 shares of the company's stock valued at $54,221,000 after buying an additional 450,574 shares during the last quarter. 80.11% of the stock is currently owned by hedge funds and other 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 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.