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

Knife River (NYSE:KNF) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Other equities analysts have also issued research reports about the company. UBS Group upgraded Knife River to an “overweight” rating in a research note on Tuesday, November 4th. Wells Fargo & Company raised shares of Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 target price on the stock in a research report on Tuesday, November 4th. Royal Bank Of Canada reduced their price target on Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. Finally, Oppenheimer reduced their price objective on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Wednesday, October 1st. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Knife River presently has an average rating of “Moderate Buy” and an average target price of $99.00.

Knife River Stock Performance

Knife River stock opened at $73.82 on Tuesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.47 and a current ratio of 2.39. The company has a market capitalization of $4.18 billion, a PE ratio of 28.28, a P/E/G ratio of 1.52 and a beta of 0.43. The company has a 50 day moving average price of $69.00 and a 200-day moving average price of $79.24. Knife River has a fifty-two week low of $58.72 and a fifty-two week high of $108.83.

Knife River (NYSE:KNF) last released its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.45 by $0.07. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. Knife River had a return on equity of 9.97% and a net margin of 4.87%. Knife River has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Knife River will post 4.11 earnings per share for the current year.

Hedge Funds Weigh In On Knife River

A number of hedge funds have recently bought and sold shares of KNF. Brady Martz Wealth Solutions LLC lifted its holdings in Knife River by 2.3% during the second quarter. Brady Martz Wealth Solutions LLC now owns 6,786 shares of the company’s stock valued at $554,000 after purchasing an additional 152 shares in the last quarter. Unified Investment Management boosted its position in Knife River by 2.6% during the second quarter. Unified Investment Management now owns 5,968 shares of the company’s stock worth $487,000 after acquiring an additional 153 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its stake in Knife River by 2.0% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company’s stock valued at $722,000 after acquiring an additional 159 shares in the last quarter. Cornerstone Investment Partners LLC raised its holdings in Knife River by 5.8% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 2,941 shares of the company’s stock valued at $226,000 after acquiring an additional 161 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Knife River by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,292 shares of the company’s stock worth $1,085,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

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.