Knife River Co. (NYSE:KNF) Short Interest Up 6.2% in January

Knife River Co. (NYSE:KNFGet Free Report) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 1,710,000 shares, an increase of 6.2% from the December 31st total of 1,610,000 shares. Based on an average daily volume of 426,400 shares, the short-interest ratio is presently 4.0 days.

Hedge Funds Weigh In On Knife River

Several hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after buying an additional 176 shares during the last quarter. Huntington National Bank boosted its stake in shares of Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Knife River during the 2nd quarter worth approximately $43,000. Harvest Fund Management Co. Ltd bought a new stake in Knife River in the 3rd quarter valued at $60,000. Finally, Sittner & Nelson LLC lifted its position in shares of Knife River by 18.5% during the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after acquiring an additional 150 shares during the period. Institutional investors own 80.11% of the company’s stock.

Knife River Stock Down 0.5 %

Shares of NYSE KNF traded down $0.51 during trading hours on Tuesday, hitting $101.88. The stock had a trading volume of 37,339 shares, compared to its average volume of 397,517. The company has a market capitalization of $5.77 billion, a P/E ratio of 29.22, a P/E/G ratio of 2.39 and a beta of 0.76. The firm’s 50-day moving average price is $102.69 and its two-hundred day moving average price is $91.51. Knife River has a 52 week low of $65.65 and a 52 week high of $108.83. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72.

Knife River (NYSE:KNFGet Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $2.58 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Analysts anticipate that Knife River will post 3.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KNF has been the subject of a number of recent research reports. Oppenheimer raised their price objective on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Loop Capital dropped their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, DA Davidson raised their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.75.

View Our Latest Analysis on KNF

About Knife River

(Get Free Report)

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.

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