Knife River (NYSE:KNF) Reaches New 1-Year Low – Here’s What Happened

Knife River Corporation (NYSE:KNF)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $63.18 and last traded at $64.61, with a volume of 793755 shares changing hands. The stock had previously closed at $64.79.

Analyst Ratings Changes

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

Knife River Price Performance

The stock’s 50-day moving average is $76.12 and its 200 day moving average is $84.03. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.78 and a quick ratio of 1.57. The company has a market cap of $3.57 billion, a PE ratio of 23.39, a PEG ratio of 5.32 and a beta of 0.57.

Knife River (NYSE:KNF) last posted its earnings results on Tuesday, August 5th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $902.26 million. During the same period in the previous year, the company earned $1.37 EPS. The company’s revenue was up 3.3% on a year-over-year basis. Knife River has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Knife River

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brady Martz Wealth Solutions LLC increased its stake in Knife River by 2.3% during the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,786 shares of the company’s stock valued at $554,000 after purchasing an additional 152 shares in the last quarter. Unified Investment Management increased its stake in Knife River by 2.6% during the 2nd quarter. Unified Investment Management now owns 5,968 shares of the company’s stock valued at $487,000 after purchasing an additional 153 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in Knife River by 2.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company’s stock valued at $722,000 after purchasing an additional 159 shares in the last quarter. Greenleaf Trust increased its stake in Knife River by 6.7% during the 1st quarter. Greenleaf Trust now owns 2,567 shares of the company’s stock valued at $232,000 after purchasing an additional 162 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Knife River by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 13,292 shares of the company’s stock valued at $1,085,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

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.