Knife River Corporation $KNF Position Increased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC boosted its holdings in Knife River Corporation (NYSE:KNF) by 103.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,486 shares of the company’s stock after buying an additional 7,866 shares during the quarter. Clear Creek Financial Management LLC’s holdings in Knife River were worth $1,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of KNF. Hantz Financial Services Inc. boosted its stake in shares of Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Country Trust Bank acquired a new stake in shares of Knife River during the second quarter worth $40,000. GHP Investment Advisors Inc. purchased a new stake in shares of Knife River during the second quarter valued at $48,000. Quent Capital LLC acquired a new position in shares of Knife River in the 3rd quarter valued at $47,000. Finally, Huntington National Bank boosted its position in shares of Knife River by 35.5% in the 2nd quarter. Huntington National Bank now owns 703 shares of the company’s stock valued at $57,000 after purchasing an additional 184 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

KNF has been the topic of several recent analyst reports. Wall Street Zen downgraded Knife River from a “hold” rating to a “sell” rating in a report on Sunday, February 15th. DA Davidson lifted their target price on shares of Knife River from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday. B. Riley Financial started coverage on shares of Knife River in a research report on Thursday, January 15th. They issued a “buy” rating and a $92.00 price target for the company. Wells Fargo & Company lowered shares of Knife River from an “equal weight” rating to an “underweight” rating and raised their price objective for the stock from $75.00 to $81.00 in a research note on Wednesday. Finally, Zacks Research raised shares of Knife River from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Knife River presently has a consensus rating of “Moderate Buy” and an average target price of $96.43.

Knife River Stock Performance

KNF stock opened at $90.71 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.54 and a quick ratio of 1.47. Knife River Corporation has a fifty-two week low of $58.72 and a fifty-two week high of $103.18. The stock has a market capitalization of $5.14 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.03 and a beta of 0.47. The company has a 50 day moving average price of $76.79 and a 200 day moving average price of $75.65.

Knife River (NYSE:KNF) last issued its earnings results on Tuesday, February 17th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. Knife River had a net margin of 4.99% and a return on equity of 10.27%. The company had revenue of $755.06 million during the quarter, compared to analysts’ expectations of $726.60 million. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Analysts forecast that Knife River Corporation will post 4.11 EPS for the current year.

Knife River Company Profile

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.