Knife River (NYSE:KNF) Upgraded by Wall Street Zen to Hold Rating

Knife River (NYSE:KNF) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other equities research analysts have also weighed in on the stock. DA Davidson lowered their price objective on shares of Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada decreased their price target on Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday. UBS Group upgraded Knife River to an “overweight” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. Finally, Oppenheimer decreased their price objective on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

Knife River Stock Performance

NYSE KNF opened at $70.89 on Friday. Knife River has a 52-week low of $58.72 and a 52-week high of $108.83. The company has a fifty day moving average of $71.12 and a 200-day moving average of $82.03. The company has a market capitalization of $4.02 billion, a P/E ratio of 27.16, a P/E/G ratio of 1.45 and a beta of 0.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.57 and a current ratio of 2.39.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.07. Knife River had a return on equity of 9.97% and a net margin of 4.87%.The firm had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. Knife River has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Knife River will post 4.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its holdings in shares of Knife River by 141.8% during the third quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Knife River by 31,200.0% in the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock worth $28,000 after purchasing an additional 312 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Knife River in the 1st quarter worth about $35,000. Country Trust Bank purchased a new stake in Knife River during the 2nd quarter valued at about $40,000. Finally, Quent Capital LLC purchased a new stake in shares of Knife River during the third quarter valued at approximately $47,000. 80.11% of the stock is owned by hedge funds and other 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.