Voss Capital LP Increases Holdings in Knife River Corporation $KNF

Voss Capital LP increased its holdings in shares of Knife River Corporation (NYSE:KNF) by 61.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 710,048 shares of the company’s stock after purchasing an additional 270,048 shares during the period. Knife River accounts for about 2.4% of Voss Capital LP’s holdings, making the stock its 13th biggest holding. Voss Capital LP owned approximately 1.25% of Knife River worth $49,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in KNF. Hantz Financial Services Inc. boosted its position in 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 purchasing an additional 200 shares during the period. McMillan Office Inc. purchased a new stake in Knife River during the 4th quarter worth $36,000. GAMMA Investing LLC boosted its position in Knife River by 34.8% during the 4th quarter. GAMMA Investing LLC now owns 685 shares of the company’s stock worth $48,000 after purchasing an additional 177 shares during the period. Larson Financial Group LLC boosted its position in Knife River by 198.5% during the 4th quarter. Larson Financial Group LLC now owns 806 shares of the company’s stock worth $57,000 after purchasing an additional 536 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Knife River by 58.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 940 shares of the company’s stock worth $66,000 after purchasing an additional 345 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Stock Performance

Shares of KNF stock opened at $76.87 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 2.67. Knife River Corporation has a one year low of $58.72 and a one year high of $95.29. The company’s 50-day simple moving average is $81.08 and its 200-day simple moving average is $79.47. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.36 and a beta of 0.40.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($1.40) EPS for the quarter, topping the consensus estimate of ($1.42) by $0.02. Knife River had a net margin of 4.58% and a return on equity of 9.35%. The business had revenue of $410.13 million for the quarter, compared to analysts’ expectations of $387.06 million. During the same quarter last year, the company posted ($1.21) earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Knife River Corporation will post 3.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KNF shares. Oppenheimer started coverage on shares of Knife River in a research report on Thursday, May 28th. They set an “outperform” rating and a $95.00 price target for the company. JPMorgan Chase & Co. upped their price objective on shares of Knife River from $90.00 to $95.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Knife River from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Wells Fargo & Company decreased their price objective on shares of Knife River from $81.00 to $80.00 and set an “underweight” rating for the company in a research report on Wednesday, April 15th. Finally, Stephens upped their price objective on shares of Knife River from $86.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.29.

Knife River 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.