Analysts Set Knife River Co. (NYSE:KNF) Target Price at $99.20

Knife River Co. (NYSE:KNF) has received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $103.75.

Several equities analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. DA Davidson lifted their price target on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Loop Capital decreased their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Knife River by 12.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock valued at $144,785,000 after acquiring an additional 224,373 shares during the period. State Street Corp increased its holdings in Knife River by 1.8% in the 3rd quarter. State Street Corp now owns 2,003,069 shares of the company’s stock valued at $179,054,000 after purchasing an additional 34,646 shares during the last quarter. Geode Capital Management LLC raised its position in Knife River by 2.0% in the third quarter. Geode Capital Management LLC now owns 1,337,273 shares of the company’s stock valued at $119,561,000 after purchasing an additional 26,198 shares during the period. Hood River Capital Management LLC raised its position in Knife River by 5.3% in the second quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock valued at $53,377,000 after purchasing an additional 38,152 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Knife River by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock worth $62,513,000 after purchasing an additional 5,791 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of Knife River stock opened at $102.13 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The business’s 50 day moving average price is $100.80 and its 200 day moving average price is $87.33. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 29.26, a PEG ratio of 2.81 and a beta of 0.78. Knife River has a one year low of $61.82 and a one year high of $108.39.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned $2.58 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. On average, research analysts predict that Knife River will post 3.49 EPS for the current year.

Knife River Company 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.