DA Davidson Issues Positive Forecast for Knife River (NYSE:KNF) Stock Price

Knife River (NYSE:KNF) had its price target increased by DA Davidson from $90.00 to $110.00 in a research note released on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently issued reports on KNF. Loop Capital dropped their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Oppenheimer boosted their price objective on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Knife River presently has a consensus rating of “Moderate Buy” and an average price target of $93.67.

Knife River Stock Up 0.0 %

Knife River stock opened at $101.10 on Wednesday. Knife River has a 12 month low of $55.05 and a 12 month high of $103.33. The stock has a fifty day simple moving average of $89.05 and a two-hundred day simple moving average of $79.36. The company has a current ratio of 2.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 2.70 and a beta of 0.74.

Knife River (NYSE:KNF) last released its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.22). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Knife River’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.58 earnings per share. Equities analysts predict that Knife River will post 3.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Knife River

Several large investors have recently made changes to their positions in the business. Angeles Wealth Management LLC boosted its position in shares of Knife River by 1.5% during the third quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company’s stock worth $760,000 after acquiring an additional 125 shares during the last quarter. Sittner & Nelson LLC lifted its stake in Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Knife River by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. Finally, LVW Advisors LLC increased its holdings in shares of Knife River by 3.3% in the third quarter. LVW Advisors LLC now owns 6,027 shares of the company’s stock worth $539,000 after purchasing an additional 195 shares during the last quarter. 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.