Knife River (NYSE:KNF) Sets New 1-Year High at $67.49

Knife River Co. (NYSE:KNFGet Free Report) hit a new 52-week high on Monday . The company traded as high as $67.49 and last traded at $67.39, with a volume of 139300 shares changing hands. The stock had previously closed at $65.99.

Analyst Upgrades and Downgrades

KNF has been the topic of a number of research reports. Bank of America initiated coverage on Knife River in a report on Friday, January 5th. They set a “buy” rating and a $81.00 price objective on the stock. Siebert Williams Shank lifted their price target on Knife River from $65.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, December 26th.

Check Out Our Latest Analysis on Knife River

Knife River Stock Performance

The stock has a 50 day simple moving average of $63.43 and a 200 day simple moving average of $54.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.38 and a quick ratio of 1.64.

Knife River (NYSE:KNFGet Free Report) last issued its quarterly earnings data on Monday, November 6th. The company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.72. Knife River had a return on equity of 16.60% and a net margin of 6.62%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.06 billion. Knife River’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts expect that Knife River Co. will post 3.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Knife River

Several institutional investors have recently modified their holdings of KNF. BlackRock Inc. purchased a new stake in shares of Knife River during the second quarter valued at $256,508,000. State Street Corp purchased a new stake in shares of Knife River during the second quarter valued at $74,029,000. 59 North Capital Management LP purchased a new stake in shares of Knife River during the second quarter valued at $70,800,000. Dimensional Fund Advisors LP purchased a new stake in shares of Knife River during the second quarter valued at $55,169,000. Finally, Geode Capital Management LLC purchased a new stake in shares of Knife River during the second quarter valued at $46,886,000. 67.14% of the stock is owned by hedge funds and other institutional investors.

About Knife River

(Get Free Report)

Knife River Corporation provides aggregates-based construction materials and contracting services in the United States. It operates through six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting services to support the aggregate-based product lines, including heavy-civil construction, asphalt and concrete paving, and site development and grading.

Further Reading

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