Knife River (NYSE:KNF) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Knife River (NYSE:KNF) in a research note released on Monday, Marketbeat Ratings reports. The firm issued an overweight rating and a $102.00 price objective on the stock.

KNF has been the subject of a number of other research reports. Oppenheimer lifted their target price on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Stephens reiterated an “overweight” rating and issued a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $110.40.

Knife River Stock Performance

NYSE KNF opened at $89.21 on Monday. The stock has a market capitalization of $5.05 billion, a PE ratio of 25.20, a P/E/G ratio of 2.36 and a beta of 0.88. The business has a 50 day simple moving average of $98.88 and a two-hundred day simple moving average of $95.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. Knife River has a 1-year low of $66.13 and a 1-year high of $108.83.

Knife River (NYSE:KNF) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. On average, research analysts predict that Knife River will post 4.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Knife River

A number of institutional investors and hedge funds have recently modified their holdings of the business. Arizona State Retirement System lifted its stake in shares of Knife River by 0.8% during the 4th quarter. Arizona State Retirement System now owns 15,609 shares of the company’s stock worth $1,586,000 after acquiring an additional 124 shares during the last quarter. Covestor Ltd lifted its stake in shares of Knife River by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock worth $115,000 after acquiring an additional 150 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Knife River by 1.1% during the 4th quarter. Private Advisor Group LLC now owns 15,696 shares of the company’s stock worth $1,595,000 after acquiring an additional 170 shares during the last quarter. Finally, Bragg Financial Advisors Inc lifted its stake in shares of Knife River by 0.4% during the 4th quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company’s stock worth $4,611,000 after acquiring an additional 185 shares during the last quarter. 80.11% of the stock is owned by 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.