Knife River Corporation $KNF Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC boosted its holdings in Knife River Corporation (NYSE:KNF) by 103.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,486 shares of the company’s stock after acquiring an additional 7,866 shares during the period. Clear Creek Financial Management LLC’s holdings in Knife River were worth $1,190,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in KNF. Hantz Financial Services Inc. raised its position in shares of Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Country Trust Bank acquired a new position in Knife River during the 2nd quarter valued at approximately $40,000. Quent Capital LLC bought a new position in Knife River during the 3rd quarter worth $47,000. GHP Investment Advisors Inc. acquired a new stake in Knife River in the second quarter worth $48,000. Finally, Huntington National Bank lifted its stake in Knife River by 35.5% in the second quarter. Huntington National Bank now owns 703 shares of the company’s stock valued at $57,000 after buying an additional 184 shares during the last quarter. 80.11% of the stock is owned by institutional investors.

Knife River Stock Performance

Shares of NYSE KNF opened at $90.71 on Friday. Knife River Corporation has a 1 year low of $58.72 and a 1 year high of $103.18. The firm has a market cap of $5.14 billion, a P/E ratio of 32.87, a PEG ratio of 2.03 and a beta of 0.47. The stock has a fifty day moving average price of $76.79 and a two-hundred day moving average price of $75.65. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.47 and a current ratio of 2.54.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Tuesday, February 17th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. Knife River had a return on equity of 10.27% and a net margin of 4.99%.The business had revenue of $755.06 million during the quarter, compared to analyst estimates of $726.60 million. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Research analysts forecast that Knife River Corporation will post 4.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Knife River in a research report on Thursday, December 4th. They set a “neutral” rating and a $83.00 price target for the company. Royal Bank Of Canada boosted their target price on shares of Knife River from $106.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen cut shares of Knife River from a “hold” rating to a “sell” rating in a research report on Sunday, February 15th. B. Riley Financial assumed coverage on Knife River in a report on Thursday, January 15th. They set a “buy” rating and a $92.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Knife River in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.43.

About Knife River

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.