Knife River Co. (NYSE:KNF) Receives $99.20 Consensus Target Price from Analysts

Knife River Co. (NYSE:KNF - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $99.20.

KNF has been the topic of a number of recent research reports. DA Davidson raised their target price on Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Oppenheimer boosted their target price on shares of Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Loop Capital lowered their price target on Knife River from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th.

Knife River Stock Performance

Shares of KNF stock traded up $0.60 on Friday, hitting $101.02. 440,878 shares of the stock traded hands, compared to its average volume of 473,089. The company has a market capitalization of $5.72 billion, a PE ratio of 28.95, a PEG ratio of 2.81 and a beta of 0.78. The company's fifty day moving average is $100.80 and its 200 day moving average is $87.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. Knife River has a 1-year low of $61.60 and a 1-year high of $108.39.

Knife River (NYSE:KNF - Get Free Report) last issued its earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing analysts' consensus estimates of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $2.58 earnings per share. The firm's revenue for the quarter was up 1.4% on a year-over-year basis. On average, equities research analysts predict that Knife River will post 3.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knife River

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in Knife River by 129.4% during the 3rd 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 boosted its holdings in shares of Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company's stock worth $31,000 after purchasing an additional 293 shares during the period. International Assets Investment Management LLC purchased a new position in Knife River during the second quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Knife River in the 2nd quarter valued at approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Knife River in the 3rd quarter valued at approximately $60,000. 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.