Knife River (NYSE:KNF) Receives Overweight Rating from Stephens

Knife River (NYSE:KNF)‘s stock had its “overweight” rating reiterated by equities research analysts at Stephens in a research report issued on Friday,Benzinga reports. They currently have a $120.00 target price on the stock. Stephens’ price target suggests a potential upside of 18.76% from the stock’s previous close.

KNF has been the topic of a number of other reports. Loop Capital decreased their target price on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Oppenheimer boosted their target price on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, DA Davidson boosted 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.50.

Knife River Stock Performance

NYSE:KNF traded down $0.37 during mid-day trading on Friday, hitting $101.05. 100,727 shares of the company traded hands, compared to its average volume of 418,067. The stock’s fifty day moving average price is $102.39 and its 200-day moving average price is $92.82. Knife River has a one year low of $66.13 and a one year high of $108.83. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76.

Knife River (NYSE:KNF) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.41 earnings per share for the quarter, topping 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%. Research analysts anticipate that Knife River will post 3.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knife River

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KNF. GAMMA Investing LLC raised its position in 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 purchasing an additional 176 shares during the period. Huntington National Bank raised its position in Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the period. Larson Financial Group LLC raised its position in Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in Knife River during the third quarter valued at approximately $60,000. Finally, Sittner & Nelson LLC raised its position in Knife River by 18.5% during the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after purchasing an additional 150 shares during the period. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

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.