Knife River Corporation $KNF Stock Position Decreased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP reduced its stake in Knife River Corporation (NYSE:KNF) by 43.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,373 shares of the company’s stock after selling 24,067 shares during the period. Advantage Alpha Capital Partners LP owned 0.06% of Knife River worth $2,561,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its holdings in shares of Knife River by 32.1% during the first quarter. Ameriprise Financial Inc. now owns 605,274 shares of the company’s stock valued at $54,604,000 after buying an additional 146,987 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Knife River by 127.2% in the second quarter. Teacher Retirement System of Texas now owns 128,785 shares of the company’s stock worth $10,514,000 after purchasing an additional 72,108 shares in the last quarter. DMKC Advisory Services LLC acquired a new position in shares of Knife River during the second quarter valued at $358,000. Asset Management One Co. Ltd. raised its stake in shares of Knife River by 25.0% during the second quarter. Asset Management One Co. Ltd. now owns 68,624 shares of the company’s stock valued at $5,602,000 after purchasing an additional 13,703 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Knife River during the first quarter valued at about $416,000. 80.11% of the stock is currently owned by institutional investors.

Knife River Trading Down 0.9%

Knife River stock opened at $73.98 on Friday. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of 1.51 and a beta of 0.53. Knife River Corporation has a 1 year low of $58.72 and a 1 year high of $108.83. The firm’s 50 day moving average price is $69.05 and its two-hundred day moving average price is $79.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39.

Knife River (NYSE:KNF) last released its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.07. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates 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. On average, research analysts predict that Knife River Corporation will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. UBS Group raised shares of Knife River to an “overweight” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Knife River from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada cut their target price on Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, DA Davidson dropped their price objective on Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Knife River presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

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.