Vanguard Personalized Indexing Management LLC Increases Stock Position in Knife River Corporation $KNF

Vanguard Personalized Indexing Management LLC grew its stake in shares of Knife River Corporation (NYSE:KNF) by 14.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,055 shares of the company’s stock after buying an additional 779 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Knife River were worth $545,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Knife River during the 2nd quarter valued at $1,796,000. KLP Kapitalforvaltning AS boosted its position in Knife River by 32.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,975 shares of the company’s stock worth $1,223,000 after purchasing an additional 3,700 shares during the period. Hilltop National Bank purchased a new stake in Knife River during the 2nd quarter worth $52,000. DMKC Advisory Services LLC purchased a new stake in Knife River during the 2nd quarter worth $358,000. Finally, Hudson Value Partners LLC boosted its position in Knife River by 0.5% during the 2nd quarter. Hudson Value Partners LLC now owns 52,943 shares of the company’s stock worth $4,322,000 after purchasing an additional 254 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KNF. Oppenheimer decreased their price target on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday, October 1st. Wells Fargo & Company began coverage on shares of Knife River in a research report on Tuesday, October 7th. They set a “cautious” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. Finally, DA Davidson decreased their price target on shares of Knife River from $105.00 to $95.00 and set a “buy” 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 assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $106.83.

Knife River Stock Performance

Shares of Knife River stock opened at $64.61 on Wednesday. The firm 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 firm’s 50-day simple moving average is $77.31 and its 200-day simple moving average is $84.32. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.57 and a current ratio of 2.78. Knife River Corporation has a 1 year low of $63.18 and a 1 year high of $108.83.

Knife River (NYSE:KNF) last issued 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 company had revenue of $833.80 million during 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% compared to the same quarter last year. During the same quarter last year, the company posted $1.37 EPS. Knife River has set its FY 2025 guidance at EPS. Equities analysts forecast that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Knife River 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.