Knife River Corporation $KNF Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in Knife River Corporation (NYSE:KNF) by 27.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 685,911 shares of the company’s stock after acquiring an additional 146,782 shares during the period. Franklin Resources Inc.’s holdings in Knife River were worth $55,998,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of KNF. Brady Martz Wealth Solutions LLC boosted its holdings 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 buying an additional 152 shares in the last quarter. Unified Investment Management raised its stake 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 acquiring an additional 153 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its position in Knife River by 2.0% in the first quarter. Focus Partners Advisor Solutions LLC now owns 8,004 shares of the company’s stock valued at $722,000 after acquiring an additional 159 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in Knife River by 1.3% in the second 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. boosted its stake in Knife River by 3.9% in the second 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. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on KNF. UBS Group upgraded Knife River to an “overweight” rating in a research report on Tuesday, November 4th. DA Davidson cut their price target on Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research report on Wednesday, October 1st. Oppenheimer decreased their price objective on Knife River from $120.00 to $100.00 and set an “outperform” rating for the company in a report on Wednesday, October 1st. Royal Bank Of Canada cut their target price on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Wells Fargo & Company upgraded shares of Knife River from an “equal weight” rating to an “overweight” rating and set a $75.00 price target for the company in a research report on Tuesday, November 4th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Knife River currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.00.

Knife River Trading Up 3.5%

NYSE:KNF opened at $74.64 on Wednesday. Knife River Corporation has a 12-month low of $58.72 and a 12-month high of $108.83. 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 stock’s 50 day simple moving average is $69.12 and its 200-day simple moving average is $79.98. The firm has a market cap of $4.23 billion, a P/E ratio of 28.60, a PEG ratio of 1.47 and a beta of 0.53.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.07. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates 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. Equities analysts anticipate that Knife River Corporation will post 4.11 EPS for the current year.

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.