Knife River Co. (NYSE:KNF - Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $93.94 and last traded at $93.94, with a volume of 3053 shares. The stock had previously closed at $93.16.
Knife River Stock Up 1.2 %
The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. The stock's 50 day moving average price is $82.33 and its 200-day moving average price is $77.40. The company has a market cap of $5.34 billion, a PE ratio of 30.18, a PEG ratio of 2.17 and a beta of 0.82.
Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.13. The business had revenue of $806.90 million during the quarter, compared to analyst estimates of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company's revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. On average, analysts predict that Knife River Co. will post 3.72 earnings per share for the current year.
Hedge Funds Weigh In On Knife River
A number of large investors have recently bought and sold shares of KNF. GAMMA Investing LLC raised its stake in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company's stock valued at $28,000 after acquiring an additional 176 shares during the last quarter. Retirement Systems of Alabama raised its position in Knife River by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 71,032 shares of the company's stock valued at $5,759,000 after purchasing an additional 185 shares during the last quarter. LVW Advisors LLC lifted its holdings in Knife River by 3.3% in the 3rd quarter. LVW Advisors LLC now owns 6,027 shares of the company's stock worth $539,000 after buying an additional 195 shares during the period. Oliver Luxxe Assets LLC grew its position in shares of Knife River by 1.2% in the 1st quarter. Oliver Luxxe Assets LLC now owns 17,493 shares of the company's stock worth $1,418,000 after buying an additional 206 shares during the last quarter. Finally, Patten Group Inc. increased its stake in shares of Knife River by 2.4% during the third quarter. Patten Group Inc. now owns 9,881 shares of the company's stock valued at $883,000 after buying an additional 228 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.
Knife River Company Profile
(
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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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