Boston Partners Raises Stock Holdings in Knife River Corporation $KNF

Boston Partners grew its holdings in shares of Knife River Corporation (NYSE:KNF) by 60.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,065 shares of the company’s stock after purchasing an additional 144,680 shares during the quarter. Boston Partners owned approximately 0.68% of Knife River worth $31,518,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of KNF. Price T Rowe Associates Inc. MD raised its stake in shares of Knife River by 4,145.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,667,822 shares of the company’s stock valued at $150,456,000 after purchasing an additional 1,628,535 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Knife River by 129.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,053,386 shares of the company’s stock valued at $95,026,000 after purchasing an additional 593,431 shares in the last quarter. Nuveen LLC purchased a new position in shares of Knife River during the 1st quarter valued at about $38,521,000. Invesco Ltd. lifted its holdings in shares of Knife River by 40.6% in the 1st quarter. Invesco Ltd. now owns 1,236,929 shares of the company’s stock worth $111,583,000 after acquiring an additional 357,133 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Knife River by 19.7% in the first quarter. American Century Companies Inc. now owns 1,062,743 shares of the company’s stock worth $95,870,000 after purchasing an additional 175,063 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

KNF has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Oppenheimer lowered their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. UBS Group upgraded Knife River to an “overweight” rating in a research note on Tuesday, November 4th. Finally, DA Davidson reduced their price objective 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. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $99.00.

Knife River Trading Down 0.9%

Knife River stock opened at $73.98 on Friday. Knife River Corporation has a 12-month low of $58.72 and a 12-month high of $108.83. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.51 and a beta of 0.53. The firm has a 50 day moving average of $69.05 and a 200 day moving average of $79.90. The company has a current ratio of 2.39, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73.

Knife River (NYSE:KNF) last released its 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. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Knife River had a return on equity of 9.97% and a net margin of 4.87%. Knife River has set its FY 2025 guidance at EPS. As a group, research analysts predict that Knife River Corporation will post 4.11 earnings per share for the current year.

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.