Hodges Capital Management Inc. Increases Stock Holdings in Knife River Corporation $KNF

Hodges Capital Management Inc. raised its position in Knife River Corporation (NYSE:KNF) by 4.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,155 shares of the company’s stock after acquiring an additional 830 shares during the period. Hodges Capital Management Inc.’s holdings in Knife River were worth $1,645,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Knife River by 0.5% in the 1st quarter. Principal Financial Group Inc. now owns 155,329 shares of the company’s stock worth $14,012,000 after acquiring an additional 697 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Knife River during the first quarter worth $206,000. Ameriprise Financial Inc. boosted its position in Knife River by 32.1% during the first quarter. Ameriprise Financial Inc. now owns 605,274 shares of the company’s stock worth $54,604,000 after purchasing an additional 146,987 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in Knife River by 127.2% in the second quarter. Teacher Retirement System of Texas now owns 128,785 shares of the company’s stock valued at $10,514,000 after purchasing an additional 72,108 shares during the last quarter. Finally, CWM LLC grew its holdings in Knife River by 9.5% in the first quarter. CWM LLC now owns 7,360 shares of the company’s stock valued at $664,000 after purchasing an additional 640 shares during the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on KNF shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. UBS Group upgraded shares of Knife River to an “overweight” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada lowered their price target on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday. DA Davidson cut their price objective on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Finally, Oppenheimer reduced 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. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.00.

Knife River Stock Performance

NYSE:KNF opened at $70.89 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.39 and a quick ratio of 1.47. The firm has a market cap of $4.02 billion, a PE ratio of 27.16, a P/E/G ratio of 1.45 and a beta of 0.53. The firm has a 50 day simple moving average of $71.12 and a 200-day simple moving average of $81.93. Knife River Corporation has a 1-year low of $58.72 and a 1-year high of $108.83.

Knife River (NYSE:KNF) last announced its earnings results on Tuesday, November 4th. The company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.07. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. Knife River had a net margin of 4.87% and a return on equity of 9.97%. Knife River has set its FY 2025 guidance at EPS. On average, equities analysts expect that Knife River Corporation will post 4.11 EPS for the current year.

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.