Knife River (NYSE:KNF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Knife River (NYSE:KNF) from a sell rating to a hold rating in a research note released on Saturday.

Other analysts have also issued reports about the company. UBS Group raised Knife River to an “overweight” rating in a research note on Tuesday, November 4th. JPMorgan Chase & Co. began coverage on shares of Knife River in a research report on Thursday, December 4th. They issued a “neutral” rating and a $83.00 target price on the stock. Zacks Research upgraded shares of Knife River from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a research note on Thursday, January 22nd. Finally, Wells Fargo & Company decreased their price target on shares of Knife River from $81.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $95.71.

Knife River Price Performance

KNF stock opened at $78.62 on Friday. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 30.12, a price-to-earnings-growth ratio of 1.34 and a beta of 0.47. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.73. Knife River has a 52-week low of $58.72 and a 52-week high of $105.99. The stock’s fifty day simple moving average is $75.06 and its 200-day simple moving average is $75.39.

Institutional Investors Weigh In On Knife River

Several large investors have recently made changes to their positions in KNF. Teacher Retirement System of Texas lifted its holdings in Knife River by 127.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 128,785 shares of the company’s stock worth $10,514,000 after buying an additional 72,108 shares in the last quarter. Register Financial Advisors LLC lifted its stake in shares of Knife River by 117.8% in the third quarter. Register Financial Advisors LLC now owns 36,115 shares of the company’s stock worth $2,776,000 after acquiring an additional 19,536 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Knife River by 27.2% in the second 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. Rhumbline Advisers lifted its stake in shares of Knife River by 2.8% in the second quarter. Rhumbline Advisers now owns 181,591 shares of the company’s stock worth $14,825,000 after acquiring an additional 4,889 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings 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. Institutional investors and hedge funds own 80.11% of the company’s stock.

About Knife River

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.