Janney Montgomery Scott LLC Sells 1,106 Shares of Knife River Corporation $KNF

Janney Montgomery Scott LLC lowered its stake in Knife River Corporation (NYSE:KNFFree Report) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,729 shares of the company’s stock after selling 1,106 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Knife River were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in KNF. Opal Wealth Advisors LLC bought a new position in shares of Knife River in the first quarter worth about $26,000. Brooklyn Investment Group raised its stake in Knife River by 31,200.0% during the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock valued at $28,000 after purchasing an additional 312 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Knife River during the 1st quarter valued at approximately $35,000. Bessemer Group Inc. raised its stake in Knife River by 173.9% during the 1st quarter. Bessemer Group Inc. now owns 545 shares of the company’s stock valued at $49,000 after purchasing an additional 346 shares during the period. Finally, UMB Bank n.a. raised its stake in Knife River by 239.5% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the company’s stock valued at $51,000 after purchasing an additional 400 shares during the period. Institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KNF shares. Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. Oppenheimer decreased their target price on Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company started coverage on Knife River in a research note on Tuesday, October 7th. They set a “cautious” rating on the stock. DA Davidson decreased their target price on Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Finally, Royal Bank Of Canada initiated coverage on Knife River in a research note on Monday, June 16th. They set an “outperform” rating and a $129.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.83.

Read Our Latest Analysis on Knife River

Knife River Stock Performance

NYSE:KNF opened at $67.36 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.78 and a quick ratio of 1.57. Knife River Corporation has a 1 year low of $66.16 and a 1 year high of $108.83. The stock’s 50 day simple moving average is $80.26 and its two-hundred day simple moving average is $85.44. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 5.68 and a beta of 0.57.

Knife River (NYSE:KNFGet Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.38). Knife River had a return on equity of 10.58% and a net margin of 5.20%.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 firm earned $1.37 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Knife River has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Knife River Company Profile

(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.

Further Reading

Institutional Ownership by Quarter for Knife River (NYSE:KNF)

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