Knife River (NYSE:KNF) Hits New 12-Month High – Still a Buy?

Knife River Co. (NYSE:KNF) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $103.42 and last traded at $101.54, with a volume of 26509 shares. The stock had previously closed at $102.65.

Analyst Ratings Changes

Several equities analysts recently commented on KNF shares. Oppenheimer upped their price target on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Loop Capital reduced their target price on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, DA Davidson increased 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Knife River has an average rating of “Moderate Buy” and a consensus target price of $93.67.

Knife River Trading Up 0.5 %

The firm has a market cap of $5.92 billion, a P/E ratio of 29.98, a P/E/G ratio of 2.80 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The firm has a fifty day moving average of $93.66 and a 200-day moving average of $81.08.

Knife River (NYSE:KNF) last posted its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $2.58 EPS. Knife River’s revenue for the quarter was up 1.4% on a year-over-year basis. Equities research analysts forecast that Knife River Co. will post 3.57 earnings per share for the current year.

Institutional Trading of Knife River

Several hedge funds have recently added to or reduced their stakes in KNF. GAMMA Investing LLC increased its holdings in shares of 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 lifted its position in Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. International Assets Investment Management LLC bought a new position in Knife River during the second quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Knife River in the 2nd quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Knife River in the third quarter worth approximately $60,000. Institutional investors own 80.11% of the company’s stock.

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.