Knife River (NYSE:KNF) Now Covered by Analysts at B. Riley

Analysts at B. Riley assumed coverage on shares of Knife River (NYSE:KNF) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm set a “buy” rating on the stock.

KNF has been the topic of several other research reports. Wall Street Zen downgraded Knife River from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. JPMorgan Chase & Co. started coverage on shares of Knife River in a report on Thursday, December 4th. They issued a “neutral” rating and a $83.00 target price for the company. Zacks Research raised shares of Knife River from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Finally, Oppenheimer cut their price target on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, October 1st. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Knife River presently has an average rating of “Moderate Buy” and an average price target of $96.57.

Knife River Stock Performance

Knife River stock opened at $83.31 on Thursday. The company’s 50-day moving average price is $74.07 and its 200-day moving average price is $76.08. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.73. The company has a market cap of $4.72 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.31 and a beta of 0.47. Knife River has a twelve month low of $58.72 and a twelve month high of $108.83.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.07. Knife River had a return on equity of 9.97% and a net margin of 4.87%.The company had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.22 billion. On average, equities research analysts forecast that Knife River will post 4.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KNF. Teacher Retirement System of Texas boosted its position in Knife River by 127.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 128,785 shares of the company’s stock valued at $10,514,000 after acquiring an additional 72,108 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Knife River by 27.2% in the 2nd quarter. Franklin Resources Inc. now owns 685,911 shares of the company’s stock worth $55,998,000 after acquiring an additional 146,782 shares in the last quarter. DMKC Advisory Services LLC purchased a new stake in shares of Knife River during the 2nd quarter worth $358,000. Rhumbline Advisers boosted its position in Knife River by 2.8% during the second quarter. Rhumbline Advisers now owns 181,591 shares of the company’s stock valued at $14,825,000 after purchasing an additional 4,889 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in Knife River by 25.0% in the second quarter. Asset Management One Co. Ltd. now owns 68,624 shares of the company’s stock valued at $5,602,000 after purchasing an additional 13,703 shares during the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

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.