Knife River Co. (NYSE:KNF) Receives Average Rating of “Moderate Buy” from Analysts

Knife River Co. (NYSE:KNF) has earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $81.60.

Separately, Stephens assumed coverage on Knife River in a research note on Tuesday, June 18th. They set an “overweight” rating and a $85.00 price objective for the company.

Institutional Investors Weigh In On Knife River

A number of institutional investors have recently made changes to their positions in the stock. State of Michigan Retirement System grew its stake in Knife River by 11.5% in the fourth quarter. State of Michigan Retirement System now owns 13,555 shares of the company’s stock valued at $897,000 after acquiring an additional 1,400 shares during the period. Arizona State Retirement System grew its stake in Knife River by 4.0% in the fourth quarter. Arizona State Retirement System now owns 14,232 shares of the company’s stock valued at $942,000 after acquiring an additional 542 shares during the period. New York State Teachers Retirement System grew its stake in Knife River by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 62,430 shares of the company’s stock valued at $4,132,000 after acquiring an additional 400 shares during the period. Moody Aldrich Partners LLC grew its stake in Knife River by 21.0% in the fourth quarter. Moody Aldrich Partners LLC now owns 121,880 shares of the company’s stock valued at $8,066,000 after acquiring an additional 21,136 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in Knife River by 5.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 34,945 shares of the company’s stock valued at $2,313,000 after acquiring an additional 1,849 shares during the period. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Trading Up 0.9 %

KNF stock opened at $73.29 on Monday. The company has a market cap of $4.15 billion, a P/E ratio of 23.64, a PEG ratio of 2.89 and a beta of 0.83. Knife River has a twelve month low of $46.51 and a twelve month high of $83.78. The company has a quick ratio of 1.49, a current ratio of 2.75 and a debt-to-equity ratio of 0.55. The business has a fifty day moving average of $72.77 and a 200-day moving average of $73.94.

Knife River (NYSE:KNF) last released its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. Knife River had a return on equity of 14.65% and a net margin of 6.19%. The company had revenue of $806.90 million during the quarter, compared to the consensus estimate of $803.81 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts expect that Knife River will post 3.51 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.