Knife River Co. (NYSE:KNF) Short Interest Update

Knife River Co. (NYSE:KNF - Get Free Report) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 1,710,000 shares, a growth of 6.2% from the December 31st total of 1,610,000 shares. Based on an average daily volume of 426,400 shares, the days-to-cover ratio is currently 4.0 days.

Hedge Funds Weigh In On Knife River

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of Knife River by 129.4% in the third quarter. GAMMA Investing LLC now owns 312 shares of the company's stock worth $28,000 after buying an additional 176 shares during the last quarter. Huntington National Bank increased its stake in shares of Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company's stock worth $31,000 after acquiring an additional 293 shares during the period. Larson Financial Group LLC raised its holdings in shares of Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Knife River during the second quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Knife River in the third quarter valued at $60,000. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Down 1.7 %

NYSE KNF traded down $1.75 on Friday, reaching $102.75. 261,037 shares of the stock traded hands, compared to its average volume of 386,268. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The company has a fifty day moving average price of $102.65 and a 200-day moving average price of $92.05. The company has a market cap of $5.82 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 2.39 and a beta of 0.76. Knife River has a 12 month low of $65.67 and a 12 month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS 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 during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm earned $2.58 EPS. The business's quarterly revenue was up 1.4% on a year-over-year basis. As a group, research analysts forecast that Knife River will post 3.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KNF has been the subject of a number of recent analyst reports. Loop Capital dropped their price objective on Knife River from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Oppenheimer raised their target price on shares of Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Finally, DA Davidson raised their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.75.

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.