Knife River (NYSE:KNF) Given “Overweight” Rating at Stephens

Stephens reissued their overweight rating on shares of Knife River (NYSE:KNF) in a report released on Friday morning,Benzinga reports. They currently have a $120.00 price objective on the stock.

A number of other research firms also recently weighed in on KNF. Oppenheimer upped their target price on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. DA Davidson upped their target price on shares of 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 reduced their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.50.

Knife River Stock Up 0.5 %

Shares of Knife River stock opened at $101.88 on Friday. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $102.32 and its two-hundred day simple moving average is $93.16. The company has a market cap of $5.77 billion, a P/E ratio of 29.19, a PEG ratio of 2.41 and a beta of 0.76. Knife River has a 12-month low of $66.13 and a 12-month high of $108.83.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Research analysts anticipate that Knife River will post 3.49 EPS for the current year.

Hedge Funds Weigh In On Knife River

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares in the last quarter. Huntington National Bank boosted its stake in Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares in the last quarter. Larson Financial Group LLC lifted 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 valued at $43,000 after acquiring an additional 157 shares during the period. Harvest Fund Management Co. Ltd bought a new position in Knife River during the 3rd quarter valued at about $60,000. Finally, Johnson Financial Group Inc. bought a new position in Knife River during the 4th quarter valued at about $79,000. Institutional investors own 80.11% of the company’s stock.

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.