Knife River (KNF) Stock Price, News & Analysis

Company Overview

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. It also provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading. In addition, the company sells cement, merchandise, and other building materials and related services. The company sells its construction materials to public and private-sector customers, including federal, state, and municipal governments, as well as industrial, commercial and residential developers, and other private parties; and provides its contracting services to public-sector customers for the development and servicing of highways, local roads, bridges, and other public-infrastructure projects. Knife River Corporation was founded in 1917 and is based in Bismarck, North Dakota.

Key Stats

• Today's Range: $102.34 to $104.42
• 50-Day Range: $89.23 to $106.51
• 52-Week Range: $61.50 to $108.39
• Volume: 82,008 shs
• Average Volume: 394,434 shs
• Market Capitalization: $5.91 billion
• P/E Ratio: 29.89
• Dividend Yield: N/A
• Price Target: $99.20
• Consensus Rating: Moderate Buy

Knife River Stock Analysis - MarketRank™

Knife River scored higher than 37% of companies evaluated by MarketBeat, and ranked 83rd out of 100 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Knife River has received a consensus rating of Moderate Buy. The company's average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Knife River has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 18.91%

Earnings Growth

Earnings for Knife River are expected to grow by 18.91% in the coming year, from $3.49 to $4.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Knife River is 29.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.06.

Price to Earnings Ratio vs. Sector

The P/E ratio of Knife River is 29.78, which means that it is trading at a more expensive P/E ratio than the Construction sector average P/E ratio of about 27.86.

Price to Earnings Growth Ratio

Knife River has a PEG Ratio of 2.81. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Knife River has a P/B Ratio of 4.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.84% of the outstanding shares of Knife River have been sold short.

Short Interest Ratio / Days to Cover

Knife River has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Knife River has recently increased by 19.26%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Knife River does not currently pay a dividend.

Dividend Growth

Knife River does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.84% of the outstanding shares of Knife River have been sold short.

Short Interest Ratio / Days to Cover

Knife River has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Knife River has recently increased by 19.26%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.79

News Sentiment

Knife River has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Construction companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Knife River this week, compared to 4 articles on an average week.

Search Interest

Only 4 people have searched for KNF on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Knife River to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Knife River insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.60% of the stock of Knife River is held by insiders.

Percentage Held by Institutions

80.11% of the stock of Knife River is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

KNF Stock Analysis - Frequently Asked Questions

How have KNF shares performed this year?

Knife River's stock was trading at $66.18 at the beginning of the year. Since then, KNF stock has increased by 57.0% and is now trading at $103.93.
View the best growth stocks for 2024 here.

How were Knife River's earnings last quarter?

Knife River Co. (NYSE:KNF) 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's quarterly revenue was up 1.4% compared to the same quarter last year.

Who are Knife River's major shareholders?

Knife River's top institutional investors include State Street Corp (3.54%), Geode Capital Management LLC (2.36%), Charles Schwab Investment Management Inc. (1.24%) and Congress Asset Management Co. (1.20%).
View institutional ownership trends.

How do I buy shares of Knife River?

Shares of KNF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Knife River own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Knife River investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Novo Nordisk A/S (NVO), Arista Networks (ANET), e.l.f. Beauty (ELF) and Adobe (ADBE).

Company Calendar

• Last Earnings: 11/04/2024
• Today: 12/26/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: Mining & quarrying of nonmetallic minerals, except fuels
• Sub-Industry: Non-Metallic And Industrial Metal Mining
• Current Symbol: NYSE:KNF
• CUSIP: N/A
• CIK: 1955520
• Web: www.kniferiver.com
• Phone: 701-530-1400
• Fax: N/A
• Employees: 4,389
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $99.20
• High Stock Price Target: $120.00
• Low Stock Price Target: $81.00
• Potential Upside/Downside: -4.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.49
• Trailing P/E Ratio: 29.67
• Forward P/E Ratio: 29.67
• P/E Growth: 2.9
• Net Income: $182.87 million
• Net Margins: 6.89%
• Pretax Margin: 9.16%
• Return on Equity: 15.22%
• Return on Assets: 7.46%

Debt

• Debt-to-Equity Ratio: 0.46
• Current Ratio: 2.72
• Quick Ratio: 1.91

Sales & Book Value

• Annual Sales: $2.89 billion
• Price / Sales: 2.03
• Cash Flow: $5.37 per share
• Price / Cash Flow: 19.30
• Book Value: $22.38 per share
• Price / Book: 4.63

Miscellaneous

• Outstanding Shares: 56,613,000
• Free Float: 56,273,000
• Market Cap: $5.86 billion
• Optionable: Optionable
• Beta: 0.71