Knife River (NYSE:KNF) Reaches New 12-Month High – Here’s What Happened

Shares of Knife River Co. (NYSE:KNF) hit a new 52-week high on Thursday . The stock traded as high as $93.94 and last traded at $93.94, with a volume of 3053 shares changing hands. The stock had previously closed at $93.16.

Knife River Stock Performance

The firm’s 50-day moving average price is $82.33 and its two-hundred day moving average price is $77.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.17 and a beta of 0.82.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. The firm had revenue of $806.90 million for the quarter, compared to analysts’ expectations of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. On average, analysts expect that Knife River Co. will post 3.72 EPS for the current fiscal year.

Institutional Trading of Knife River

Several institutional investors and hedge funds have recently bought and sold shares of KNF. GAMMA Investing LLC raised its holdings in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after buying an additional 176 shares during the period. International Assets Investment Management LLC purchased a new stake in Knife River in the 2nd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Knife River in the 2nd quarter valued at about $43,000. DekaBank Deutsche Girozentrale purchased a new stake in Knife River in the 2nd quarter valued at about $96,000. Finally, Horan Capital Advisors LLC. purchased a new stake in Knife River in the 1st quarter valued at about $203,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

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.