Knife River Corporation $KNF Stake Lessened by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Knife River Corporation (NYSE:KNF) by 42.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,126 shares of the company’s stock after selling 58,908 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.14% of Knife River worth $6,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brady Martz Wealth Solutions LLC raised its stake in shares of Knife River by 2.3% in the 2nd quarter. Brady Martz Wealth Solutions LLC now owns 6,786 shares of the company’s stock valued at $554,000 after purchasing an additional 152 shares in the last quarter. Unified Investment Management lifted its holdings in Knife River by 2.6% during the 2nd quarter. Unified Investment Management now owns 5,968 shares of the company’s stock worth $487,000 after buying an additional 153 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its position in shares of Knife River by 2.0% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company’s stock worth $722,000 after acquiring an additional 159 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Knife River by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 13,292 shares of the company’s stock valued at $1,085,000 after acquiring an additional 167 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Knife River by 3.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,497 shares of the company’s stock valued at $367,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group upgraded shares of Knife River to an “overweight” rating in a research report on Tuesday, November 4th. Oppenheimer dropped their price objective 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. Royal Bank Of Canada decreased their target price on Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company raised Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 target price for the company in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.00.

Knife River Stock Performance

Shares of NYSE KNF opened at $70.66 on Friday. Knife River Corporation has a 12-month low of $58.72 and a 12-month high of $108.83. The company has a market cap of $4.00 billion, a PE ratio of 27.07, a P/E/G ratio of 1.41 and a beta of 0.53. The stock has a 50 day simple moving average of $69.24 and a 200-day simple moving average of $80.43. The company has a current ratio of 2.39, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73.

Knife River (NYSE:KNF) last announced its earnings results on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, beating 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 firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. Knife River has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Knife River Corporation will post 4.11 EPS for the current year.

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.