Knife River (NYSE:KNF) Upgraded by Wall Street Zen to Hold Rating

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

Several other equities analysts also recently commented on the company. Wells Fargo & Company lowered their price target on Knife River from $81.00 to $75.00 and set an “equal weight” rating on the stock in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Knife River in a report on Thursday, January 22nd. Zacks Research upgraded shares of Knife River from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. UBS Group upgraded shares of Knife River to an “overweight” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada dropped their price objective on Knife River from $115.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Knife River presently has an average rating of “Moderate Buy” and an average target price of $95.71.

Knife River Price Performance

Shares of NYSE:KNF opened at $80.00 on Friday. Knife River has a fifty-two week low of $58.72 and a fifty-two week high of $105.99. The business has a 50-day moving average of $74.96 and a two-hundred day moving average of $75.46. The stock has a market capitalization of $4.53 billion, a P/E ratio of 30.65, a P/E/G ratio of 1.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.39 and a quick ratio of 1.47.

Institutional Trading of Knife River

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Knife River by 284.9% during the first quarter. Jones Financial Companies Lllp now owns 6,390 shares of the company’s stock worth $576,000 after buying an additional 4,730 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Knife River during the 1st quarter worth about $424,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Knife River by 16.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,565 shares of the company’s stock valued at $20,529,000 after acquiring an additional 32,762 shares in the last quarter. KLP Kapitalforvaltning AS boosted its position in shares of Knife River by 32.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,975 shares of the company’s stock valued at $1,223,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in Knife River by 14.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,055 shares of the company’s stock valued at $545,000 after acquiring an additional 779 shares during the period. 80.11% of the stock is currently owned by institutional investors.

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.