Strs Ohio Has $4.11 Million Holdings in Knife River Corporation $KNF

Strs Ohio cut its holdings in Knife River Corporation (NYSE:KNF) by 9.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,300 shares of the company’s stock after selling 5,500 shares during the period. Strs Ohio owned approximately 0.09% of Knife River worth $4,106,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brady Martz Wealth Solutions LLC grew its stake in shares of Knife River by 2.3% in the second quarter. Brady Martz Wealth Solutions LLC now owns 6,786 shares of the company’s stock valued at $554,000 after acquiring an additional 152 shares in the last quarter. Unified Investment Management grew its stake in shares of Knife River by 2.6% in the second quarter. Unified Investment Management now owns 5,968 shares of the company’s stock valued at $487,000 after acquiring an additional 153 shares in the last quarter. Focus Partners Advisor Solutions LLC grew its stake in shares of 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 in the last quarter. Greenleaf Trust grew its stake in shares of Knife River by 6.7% in the first quarter. Greenleaf Trust now owns 2,567 shares of the company’s stock valued at $232,000 after acquiring an additional 162 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of 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 in the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Trading Up 0.8%

Shares of Knife River stock opened at $60.39 on Monday. The firm’s 50-day moving average price is $72.81 and its two-hundred day moving average price is $82.67. Knife River Corporation has a 12-month low of $58.72 and a 12-month high of $108.83. The company has a quick ratio of 1.57, a current ratio of 2.78 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 5.10 and a beta of 0.57.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.38). Knife River had a net margin of 5.20% and a return on equity of 10.58%. The company had revenue of $833.80 million during the quarter, compared to analyst estimates of $902.26 million. During the same quarter in the previous year, the business posted $1.37 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Knife River has set its FY 2025 guidance at EPS. On average, analysts forecast that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Oppenheimer decreased their price target on shares of Knife River from $120.00 to $100.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 1st. DA Davidson reduced their price objective on shares of Knife River from $105.00 to $95.00 and set a “buy” rating on the stock in a research note on Wednesday, October 1st. Wells Fargo & Company started coverage on shares of Knife River in a research note on Tuesday, October 7th. They set a “cautious” rating on the stock. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $106.83.

Knife River Company Profile

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.