TD Asset Management Inc Has $3.01 Million Stake in Knife River Corporation $KNF

TD Asset Management Inc lifted its stake in shares of Knife River Corporation (NYSE:KNF) by 67.6% during the second quarter, Holdings Channel.com reports. The firm owned 36,902 shares of the company’s stock after buying an additional 14,880 shares during the period. TD Asset Management Inc’s holdings in Knife River were worth $3,013,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Brady Martz Wealth Solutions LLC lifted its position in shares of Knife River by 2.3% during the second quarter. Brady Martz Wealth Solutions LLC now owns 6,786 shares of the company’s stock worth $554,000 after purchasing an additional 152 shares in the last quarter. Unified Investment Management lifted its position in shares of Knife River by 2.6% during the second quarter. Unified Investment Management now owns 5,968 shares of the company’s stock worth $487,000 after purchasing an additional 153 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in shares of Knife River by 2.0% during the first quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company’s stock worth $722,000 after purchasing an additional 159 shares in the last quarter. Greenleaf Trust lifted its position in shares of Knife River by 6.7% during the first quarter. Greenleaf Trust now owns 2,567 shares of the company’s stock worth $232,000 after purchasing an additional 162 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Knife River by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 6,631 shares of the company’s stock worth $598,000 after purchasing an additional 175 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Trading Down 0.4%

KNF opened at $64.67 on Tuesday. The firm’s fifty day moving average is $77.88 and its two-hundred day moving average is $84.46. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.57 and a current ratio of 2.78. The firm has a market cap of $3.66 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 5.47 and a beta of 0.57. Knife River Corporation has a twelve month low of $64.10 and a twelve month high of $108.83.

Knife River (NYSE:KNF) last posted its earnings results on Tuesday, August 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $902.26 million. During the same quarter last year, the business posted $1.37 earnings per share. The company’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. Equities research analysts anticipate that Knife River Corporation will post 4.11 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on KNF. Oppenheimer cut their price objective on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. DA Davidson cut their price objective on shares of Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Wells Fargo & Company began coverage on shares of Knife River in a report on Tuesday, October 7th. They issued a “cautious” rating on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $106.83.

About Knife River

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.