Knife River (NYSE:KNF) Releases Earnings Results, Beats Estimates By $0.07 EPS

Knife River (NYSE:KNF) released its quarterly earnings data on Tuesday. The company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.07, Zacks reports. Knife River had a net margin of 5.20% and a return on equity of 10.58%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.22 billion. Knife River updated its FY 2025 guidance to EPS.

Knife River Trading Up 0.9%

NYSE KNF opened at $60.99 on Tuesday. The firm has a market capitalization of $3.46 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 5.10 and a beta of 0.53. Knife River has a one year low of $58.72 and a one year high of $108.83. The company has a 50-day simple moving average of $72.21 and a 200-day simple moving average of $82.45. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.57 and a current ratio of 2.78.

Hedge Funds Weigh In On Knife River

Institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in Knife River by 30.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 787,736 shares of the company’s stock worth $64,311,000 after buying an additional 182,462 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Knife River by 71.0% in the second quarter. Raymond James Financial Inc. now owns 354,860 shares of the company’s stock valued at $28,971,000 after buying an additional 147,387 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in shares of Knife River by 66.7% during the second quarter. Adage Capital Partners GP L.L.C. now owns 100,000 shares of the company’s stock valued at $8,164,000 after acquiring an additional 40,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Knife River by 16.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,565 shares of the company’s stock valued at $20,529,000 after purchasing an additional 32,762 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its stake in Knife River by 987.0% in the 2nd quarter. Engineers Gate Manager LP now owns 29,751 shares of the company’s stock worth $2,429,000 after acquiring an additional 27,014 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

KNF has been the subject of a number of recent analyst reports. Oppenheimer dropped their price target on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. DA Davidson dropped their target price on Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Weiss Ratings restated a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. UBS Group upgraded Knife River to an “overweight” rating in a research note on Tuesday. Finally, Wells Fargo & Company raised shares of Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 price target on the stock in a report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

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.