Knife River Co. (NYSE:KNF) Given Average Rating of "Moderate Buy" by Brokerages

Knife River Co. (NYSE:KNF - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $93.67.

KNF has been the topic of several research analyst reports. Oppenheimer raised their price target on Knife River from $85.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. DA Davidson raised their target price on Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Finally, Loop Capital cut their price target on Knife River from $105.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company's stock worth $28,000 after acquiring an additional 176 shares during the period. Huntington National Bank lifted its holdings in Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company's stock worth $31,000 after purchasing an additional 293 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Knife River in the 2nd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Knife River in the 2nd quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Knife River during the 3rd quarter worth $60,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Stock Down 0.4 %

KNF traded down $0.42 during midday trading on Friday, hitting $94.25. 218,567 shares of the company's stock traded hands, compared to its average volume of 384,344. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. The company has a market cap of $5.34 billion, a PE ratio of 26.97, a price-to-earnings-growth ratio of 2.56 and a beta of 0.74. The stock's fifty day simple moving average is $90.67 and its 200-day simple moving average is $79.87. Knife River has a one year low of $56.36 and a one year high of $103.33.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 earnings per share. As a group, equities analysts anticipate that Knife River will post 3.57 earnings per share for the current fiscal 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.