Knife River Corporation $KNF Shares Sold by Aberdeen Group plc

by · The Markets Daily

Aberdeen Group plc lowered its position in Knife River Corporation (NYSE:KNFFree Report) by 12.3% during the second quarter, HoldingsChannel.com reports. The fund owned 260,654 shares of the company’s stock after selling 36,528 shares during the quarter. Aberdeen Group plc’s holdings in Knife River were worth $21,280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of KNF. GAMMA Investing LLC grew its holdings in shares of Knife River by 99.3% in the 1st quarter. GAMMA Investing LLC now owns 1,074 shares of the company’s stock worth $97,000 after acquiring an additional 535 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Knife River in the 1st quarter worth approximately $718,000. Fifth Third Bancorp grew its holdings in shares of Knife River by 19.1% in the 1st quarter. Fifth Third Bancorp now owns 661 shares of the company’s stock worth $60,000 after acquiring an additional 106 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Knife River by 6.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,082 shares of the company’s stock valued at $729,000 after buying an additional 485 shares during the last quarter. Finally, Opal Wealth Advisors LLC purchased a new position in Knife River during the first quarter worth $26,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Up 3.3%

Shares of Knife River stock opened at $69.61 on Tuesday. Knife River Corporation has a fifty-two week low of $66.16 and a fifty-two week high of $108.83. The firm has a market cap of $3.94 billion, a PE ratio of 25.88, a P/E/G ratio of 5.68 and a beta of 0.57. The business’s fifty day moving average is $79.97 and its two-hundred day moving average is $85.30. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92.

Knife River (NYSE:KNFGet Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.38). Knife River had a return on equity of 10.58% and a net margin of 5.20%.The business had revenue of $833.80 million for the quarter, compared to analysts’ expectations of $902.26 million. During the same period in the prior year, the company earned $1.37 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Knife River has set its FY 2025 guidance at EPS. Analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KNF. Royal Bank Of Canada began coverage on Knife River in a report on Monday, June 16th. They issued an “outperform” rating and a $129.00 price target for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. Oppenheimer cut their price target on Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Wells Fargo & Company began coverage on Knife River in a report on Tuesday, October 7th. They issued a “cautious” rating for the company. Finally, DA Davidson cut their price target on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, October 1st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Knife River presently has an average rating of “Moderate Buy” and a consensus price target of $106.83.

Get Our Latest Analysis on KNF

Knife River Company Profile

(Free Report)

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.

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