Knife River Corporation $KNF Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in Knife River Corporation (NYSE:KNF) by 25.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,624 shares of the company’s stock after buying an additional 13,703 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Knife River were worth $5,602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KNF. Price T Rowe Associates Inc. MD grew its holdings in Knife River by 4,145.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,667,822 shares of the company’s stock worth $150,456,000 after buying an additional 1,628,535 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of Knife River by 129.0% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,053,386 shares of the company’s stock valued at $95,026,000 after buying an additional 593,431 shares in the last quarter. Nuveen LLC bought a new position in shares of Knife River in the first quarter valued at $38,521,000. Invesco Ltd. increased its holdings in shares of Knife River by 40.6% in the first quarter. Invesco Ltd. now owns 1,236,929 shares of the company’s stock valued at $111,583,000 after buying an additional 357,133 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Knife River by 19.7% in the first quarter. American Century Companies Inc. now owns 1,062,743 shares of the company’s stock valued at $95,870,000 after buying an additional 175,063 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

KNF has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. DA Davidson cut their target price on shares of Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company assumed coverage on shares of Knife River in a report on Tuesday, October 7th. They set a “cautious” rating on the stock. Finally, Oppenheimer lowered their price target 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. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.83.

Knife River Trading Down 2.0%

Shares of NYSE:KNF opened at $61.14 on Wednesday. The stock has a market capitalization of $3.46 billion, a PE ratio of 22.73, a P/E/G ratio of 5.26 and a beta of 0.57. Knife River Corporation has a 1 year low of $60.75 and a 1 year high of $108.83. The firm has a fifty day moving average price of $74.51 and a 200 day moving average price of $83.45. The company has a current ratio of 2.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92.

Knife River (NYSE:KNF) last issued 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). The business had revenue of $833.80 million during the quarter, compared to the consensus estimate of $902.26 million. Knife River had a return on equity of 10.58% and a net margin of 5.20%.The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.37 earnings per share. Knife River has set its FY 2025 guidance at EPS. Analysts expect that Knife River Corporation will post 4.11 EPS for the current fiscal year.

Knife River 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.