Knife River Co. (NYSE:KNF) Given Consensus Rating of “Moderate Buy” by Brokerages

Knife River Co. (NYSE:KNF) has earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $86.60.

Separately, Oppenheimer boosted their price objective on Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Institutional Trading of Knife River

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Knife River by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 6,044,184 shares of the company’s stock worth $400,004,000 after purchasing an additional 503,892 shares during the period. abrdn plc bought a new stake in shares of Knife River in the 3rd quarter worth $22,934,000. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Knife River by 12.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock valued at $144,785,000 after buying an additional 224,373 shares during the period. Swedbank AB bought a new position in Knife River during the first quarter valued at about $9,730,000. Finally, M&G Plc acquired a new position in Knife River during the first quarter worth about $9,289,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Price Performance

Shares of NYSE KNF opened at $93.45 on Monday. Knife River has a 1-year low of $46.51 and a 1-year high of $95.85. The firm has a market capitalization of $5.29 billion, a PE ratio of 26.93, a P/E/G ratio of 2.26 and a beta of 0.82. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. The business’s fifty day moving average price is $85.06 and its two-hundred day moving average price is $78.08.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. The firm had revenue of $806.90 million for the quarter, compared to the consensus estimate of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. Knife River’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $1.00 EPS. On average, research analysts expect that Knife River will post 3.72 EPS for the current year.

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.