Knife River Corporation $KNF Shares Acquired by One Capital Management LLC

One Capital Management LLC raised its stake in shares of Knife River Corporation (NYSE:KNF) by 44.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,369 shares of the company’s stock after acquiring an additional 7,214 shares during the period. One Capital Management LLC’s holdings in Knife River were worth $1,644,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Clear Creek Financial Management LLC increased its position in shares of Knife River by 103.2% during the third quarter. Clear Creek Financial Management LLC now owns 15,486 shares of the company’s stock valued at $1,190,000 after acquiring an additional 7,866 shares during the last quarter. Voss Capital LP acquired a new stake in shares of Knife River during the third quarter valued at about $33,823,000. Thrivent Financial for Lutherans increased its position in shares of Knife River by 21.3% during the third quarter. Thrivent Financial for Lutherans now owns 81,315 shares of the company’s stock valued at $6,250,000 after acquiring an additional 14,253 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Knife River by 111.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 63,904 shares of the company’s stock valued at $4,648,000 after acquiring an additional 33,698 shares during the last quarter. Finally, Paradice Investment Management LLC acquired a new stake in shares of Knife River during the fourth quarter valued at about $22,001,000. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Trading Down 2.8%

NYSE KNF opened at $76.21 on Thursday. The company has a quick ratio of 1.31, a current ratio of 2.67 and a debt-to-equity ratio of 0.91. Knife River Corporation has a 52 week low of $58.72 and a 52 week high of $96.12. The stock has a market capitalization of $4.33 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 1.40 and a beta of 0.40. The firm has a 50 day moving average of $82.27 and a two-hundred day moving average of $79.25.

Knife River (NYSE:KNF) last posted 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 company had revenue of $410.13 million during the quarter, compared to analysts’ expectations of $387.06 million. During the same quarter in the previous year, the business posted ($1.21) EPS. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, research analysts expect that Knife River Corporation will post 3.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KNF has been the subject of a number of recent analyst reports. Stephens lifted their price target 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. DA Davidson lifted their price target on shares of Knife River from $95.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price target 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. Wall Street Zen upgraded shares of Knife River from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings upgraded shares of Knife River from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.29.

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.