Knife River (NYSE:KNF) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Knife River (NYSE:KNF) from a hold rating to a sell rating in a research note published on Sunday morning.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada dropped their price objective on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Zacks Research raised shares of Knife River from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Wells Fargo & Company cut their price objective on Knife River from $81.00 to $75.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Knife River in a research note on Thursday, January 22nd. Finally, UBS Group upgraded Knife River to an “overweight” rating in a report on Tuesday, November 4th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.67.

Knife River Stock Performance

Shares of Knife River stock opened at $80.74 on Friday. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.36 and a beta of 0.47. 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 business has a 50-day moving average of $75.52 and a 200 day moving average of $75.35. Knife River has a 12 month low of $58.72 and a 12 month high of $105.23.

Institutional Investors Weigh In On Knife River

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its stake in Knife River by 284.9% during the first quarter. Jones Financial Companies Lllp now owns 6,390 shares of the company’s stock worth $576,000 after purchasing an additional 4,730 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Knife River during the 1st quarter worth approximately $424,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Knife River by 16.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,565 shares of the company’s stock worth $20,529,000 after buying an additional 32,762 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Knife River by 14.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,055 shares of the company’s stock valued at $545,000 after buying an additional 779 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Knife River in the 2nd quarter valued at $273,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

About Knife River

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.