Stephens reissued their overweight rating on shares of Knife River (NYSE:KNF - Free Report) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $120.00 price target on the stock.
Several other analysts also recently weighed in on the company. Oppenheimer increased their target price on Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. DA Davidson raised their target price on Knife River from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Loop Capital decreased their price target on shares of Knife River from $105.00 to $100.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $112.50.
Read Our Latest Stock Analysis on KNF
Knife River Stock Up 3.1 %
Knife River stock traded up $3.14 during trading hours on Friday, hitting $105.19. The company had a trading volume of 433,406 shares, compared to its average volume of 430,020. The firm's fifty day moving average is $102.31 and its 200-day moving average is $93.34. The firm has a market capitalization of $5.95 billion, a P/E ratio of 30.14, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76. Knife River has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. 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 (NYSE:KNF - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. On average, research analysts forecast that Knife River will post 3.49 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position 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 last quarter. State of Wyoming bought a new stake in Knife River in the fourth quarter valued at about $30,000. Huntington National Bank lifted its stake in Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company's stock valued at $31,000 after buying an additional 293 shares during the period. Larson Financial Group LLC boosted its stake in Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after acquiring an additional 157 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of Knife River in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 80.11% of the company's stock.
About Knife River
(
Get Free Report)
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.
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