Knife River Corporation $KNF Position Boosted by Voss Capital LP

Voss Capital LP increased its holdings in shares of Knife River Corporation (NYSE:KNF) by 61.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 710,048 shares of the company’s stock after buying an additional 270,048 shares during the period. Knife River makes up approximately 2.4% of Voss Capital LP’s portfolio, making the stock its 13th biggest position. Voss Capital LP’s holdings in Knife River were worth $49,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its stake in Knife River by 141.8% during the third quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. McMillan Office Inc. acquired a new stake in Knife River during the fourth quarter worth about $36,000. GAMMA Investing LLC raised its stake in Knife River by 34.8% during the fourth quarter. GAMMA Investing LLC now owns 685 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares during the period. Larson Financial Group LLC raised its stake in Knife River by 198.5% during the fourth quarter. Larson Financial Group LLC now owns 806 shares of the company’s stock worth $57,000 after acquiring an additional 536 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Knife River by 58.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 940 shares of the company’s stock worth $66,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Up 1.3%

Knife River stock opened at $76.87 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 2.67. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 29.91, a price-to-earnings-growth ratio of 1.36 and a beta of 0.40. Knife River Corporation has a 1 year low of $58.72 and a 1 year high of $95.29. The firm’s 50 day moving average price is $81.08 and its two-hundred day moving average price is $79.47.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($1.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $0.02. The firm had revenue of $410.13 million for the quarter, compared to analyst estimates of $387.06 million. Knife River had a net margin of 4.58% and a return on equity of 9.35%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.21) earnings per share. On average, research analysts predict that Knife River Corporation will post 3.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Stephens increased their price objective on shares of Knife River from $86.00 to $105.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 18th. Wells Fargo & Company dropped their price target on shares of Knife River from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th. Wall Street Zen upgraded shares of Knife River from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Weiss Ratings upgraded shares of Knife River from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Knife River from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.29.

Knife River Profile

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.