Shares of Knife River Corporation (NYSE:KNF – Get Free Report) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $85.8571.
KNF has been the topic of a number of analyst reports. Zacks Research cut Knife River from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Oppenheimer initiated coverage on Knife River in a research note on Thursday, May 28th. They set an “outperform” rating and a $95.00 price objective for the company. Wall Street Zen downgraded shares of Knife River from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Stephens set a $80.00 price target on shares of Knife River in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. cut shares of Knife River from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $80.00 to $73.00 in a research report on Wednesday, September 2nd.
Check Out Our Latest Stock Analysis on KNF
Knife River Stock Performance
Knife River (NYSE:KNF – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.36). Knife River had a return on equity of 8.73% and a net margin of 4.23%.The company had revenue of $938.57 million during the quarter, compared to analysts’ expectations of $931.39 million. During the same quarter in the prior year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts forecast that Knife River will post 2.84 EPS for the current year.
Institutional Trading of Knife River
Several large investors have recently modified their holdings of KNF. Bessemer Group Inc. increased its holdings in Knife River by 6.9% during the 1st quarter. Bessemer Group Inc. now owns 1,852 shares of the company’s stock valued at $151,000 after purchasing an additional 119 shares during the period. TIAA Trust National Association lifted its holdings in Knife River by 5.6% in the 4th quarter. TIAA Trust National Association now owns 3,146 shares of the company’s stock worth $221,000 after buying an additional 166 shares during the period. Lido Advisors LLC lifted its holdings in Knife River by 6.0% in the 1st quarter. Lido Advisors LLC now owns 2,949 shares of the company’s stock worth $241,000 after buying an additional 167 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Knife River by 6.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,705 shares of the company’s stock worth $285,000 after buying an additional 220 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of Knife River by 66.3% in the 4th quarter. Hantz Financial Services Inc. now owns 567 shares of the company’s stock worth $40,000 after buying an additional 226 shares during the last quarter. 80.11% of the stock is owned by institutional investors.
Knife River Company Profile
Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.
In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.
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