Knife River (KNF) Scheduled to Post Earnings on Thursday

Knife River (NYSE:KNFGet Free Report) will post its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Knife River to post earnings of $0.20 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Knife River Stock Down 0.3 %

Shares of Knife River stock opened at $68.13 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.38. Knife River has a 1 year low of $33.67 and a 1 year high of $69.29. The business has a 50 day moving average price of $64.83 and a 200 day moving average price of $56.25.

Analysts Set New Price Targets

KNF has been the subject of several analyst reports. Bank of America initiated coverage on Knife River in a report on Friday, January 5th. They issued a “buy” rating and a $81.00 price target for the company. Siebert Williams Shank boosted their price target on Knife River from $65.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, December 26th.

Read Our Latest Stock Report on KNF

Institutional Trading of Knife River

A number of institutional investors have recently added to or reduced their stakes in the business. Barclays PLC purchased a new position in Knife River in the 2nd quarter valued at about $1,623,000. Envestnet Asset Management Inc. purchased a new position in Knife River in the 2nd quarter valued at about $347,000. Citigroup Inc. purchased a new position in Knife River in the 2nd quarter valued at about $820,000. Osaic Holdings Inc. purchased a new position in Knife River in the 2nd quarter valued at about $721,000. Finally, Northern Trust Corp purchased a new position in Knife River in the 2nd quarter valued at about $25,380,000. 67.14% of the stock is owned by hedge funds and other institutional investors.

About Knife River

(Get Free Report)

Knife River Corporation provides aggregates-based construction materials and contracting services in the United States. It operates through six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting services to support the aggregate-based product lines, including heavy-civil construction, asphalt and concrete paving, and site development and grading.

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