Greenwood Capital Associates LLC Sells 902 Shares of Knife River Corporation $KNF

Greenwood Capital Associates LLC lowered its holdings in Knife River Corporation (NYSE:KNF) by 14.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,549 shares of the company’s stock after selling 902 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Knife River were worth $453,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Public Employees Retirement System of Ohio raised its holdings in shares of Knife River by 149.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,991 shares of the company’s stock worth $202,000 after acquiring an additional 1,193 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Knife River by 10.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,597 shares of the company’s stock worth $772,000 after purchasing an additional 689 shares in the last quarter. Versant Capital Management Inc increased its holdings in Knife River by 501.9% during the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company’s stock worth $29,000 after purchasing an additional 271 shares in the last quarter. GAMMA Investing LLC increased its holdings in Knife River by 17,875.1% during the 1st quarter. GAMMA Investing LLC now owns 96,886 shares of the company’s stock worth $8,740,000 after purchasing an additional 96,347 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Knife River by 74.9% during the first quarter. Parallel Advisors LLC now owns 628 shares of the company’s stock valued at $57,000 after buying an additional 269 shares during the last quarter. 80.11% of the stock is owned by institutional investors.

Knife River Trading Up 0.3%

Shares of KNF opened at $72.55 on Friday. The business’s 50-day moving average price is $81.65 and its 200-day moving average price is $86.45. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92. Knife River Corporation has a twelve month low of $70.80 and a twelve month high of $108.83. The stock has a market cap of $4.11 billion, a PE ratio of 26.97, a P/E/G ratio of 6.10 and a beta of 0.57.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.38). Knife River had a net margin of 5.20% and a return on equity of 10.58%. The firm had revenue of $833.80 million during the quarter, compared to the consensus estimate of $902.26 million. During the same period in the previous year, the business earned $1.37 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Knife River has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Knife River Corporation will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KNF has been the topic of several recent analyst reports. Royal Bank Of Canada assumed coverage on Knife River in a research note on Monday, June 16th. They set an “outperform” rating and a $129.00 price objective on the stock. Wells Fargo & Company increased their price target on shares of Knife River from $96.00 to $97.00 and gave the company an “overweight” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a report on Saturday, September 27th. DA Davidson lowered their price target on shares of Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Oppenheimer decreased their target price on Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.83.

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.