Swiss National Bank Has $8.83 Million Position in Knife River Corporation $KNF

Swiss National Bank lessened its stake in Knife River Corporation (NYSE:KNF) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 108,198 shares of the company’s stock after selling 1,500 shares during the quarter. Swiss National Bank owned 0.19% of Knife River worth $8,833,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KNF. Teacher Retirement System of Texas increased its stake in shares of Knife River by 127.2% in the second quarter. Teacher Retirement System of Texas now owns 128,785 shares of the company’s stock worth $10,514,000 after acquiring an additional 72,108 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Knife River by 32.1% in the first quarter. Ameriprise Financial Inc. now owns 605,274 shares of the company’s stock valued at $54,604,000 after purchasing an additional 146,987 shares in the last quarter. DMKC Advisory Services LLC acquired a new position in Knife River in the 2nd quarter worth about $358,000. Asset Management One Co. Ltd. raised its stake in shares of Knife River by 25.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 68,624 shares of the company’s stock worth $5,602,000 after purchasing an additional 13,703 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Knife River during the 1st quarter valued at about $416,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Price Performance

Shares of Knife River stock opened at $74.84 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.47 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $69.04 and a 200-day simple moving average of $79.56. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.52 and a beta of 0.53. Knife River Corporation has a 1-year low of $58.72 and a 1-year high of $108.83.

Knife River (NYSE:KNF) last announced its earnings results on Tuesday, November 4th. The company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.45 by $0.07. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.22 billion. Knife River had a net margin of 4.87% and a return on equity of 9.97%. Knife River has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Knife River Corporation will post 4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on KNF shares. DA Davidson dropped their price objective on Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a report on Wednesday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded shares of Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 price target on the stock in a report on Tuesday, November 4th. UBS Group raised shares of Knife River to an “overweight” rating in a research note on Tuesday, November 4th. Finally, Oppenheimer lowered their target price on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 1st. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Knife River currently has an average rating of “Moderate Buy” and a consensus target price of $99.00.

About Knife River

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.