Knife River Corporation (NYSE:KNF) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in Knife River Corporation (NYSE:KNF) by 6.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,082 shares of the company’s stock after purchasing an additional 485 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Knife River were worth $729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Knife River in the fourth quarter worth $30,000. Versant Capital Management Inc lifted its stake in Knife River by 501.9% in the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company’s stock worth $29,000 after acquiring an additional 271 shares in the last quarter. Larson Financial Group LLC boosted its position in Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the period. UMB Bank n.a. grew its stake in Knife River by 239.5% during the 1st quarter. UMB Bank n.a. now owns 567 shares of the company’s stock valued at $51,000 after acquiring an additional 400 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Knife River by 74.9% during the 1st quarter. Parallel Advisors LLC now owns 628 shares of the company’s stock valued at $57,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on KNF shares. DA Davidson decreased their price target on shares of Knife River from $125.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, June 10th. Wells Fargo & Company lifted their target price on shares of Knife River from $102.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. Finally, Royal Bank Of Canada initiated coverage on shares of Knife River in a report on Monday, June 16th. They set an “outperform” rating and a $129.00 price target on the stock. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River presently has a consensus rating of “Buy” and an average target price of $117.17.

Knife River Trading Down 0.8%

KNF stock opened at $80.60 on Friday. Knife River Corporation has a 1-year low of $67.22 and a 1-year high of $108.83. The company has a current ratio of 2.94, a quick ratio of 1.49 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $90.91 and its 200-day moving average is $94.78. The firm has a market cap of $4.57 billion, a P/E ratio of 25.43, a P/E/G ratio of 2.21 and a beta of 0.63.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($0.32). Knife River had a net margin of 6.18% and a return on equity of 12.83%. The firm had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. During the same period in the prior year, the business earned ($0.84) earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Knife River 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.