Knife River (NYSE:KNF) Coverage Initiated by Analysts at Loop Capital

Stock analysts at Loop Capital initiated coverage on shares of Knife River (NYSE:KNFGet Free Report) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The firm set a “buy” rating and a $81.00 price target on the stock. Loop Capital’s price objective would indicate a potential upside of 18.89% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Siebert Williams Shank raised their price objective on Knife River from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Bank of America assumed coverage on Knife River in a research note on Friday, January 5th. They issued a “buy” rating and a $81.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $72.20.

Read Our Latest Report on Knife River

Knife River Price Performance

Shares of NYSE:KNF opened at $68.13 on Tuesday. The stock’s 50-day moving average price is $64.83 and its 200-day moving average price is $56.25. Knife River has a 12-month low of $33.67 and a 12-month high of $69.29. The company has a quick ratio of 1.64, a current ratio of 2.38 and a debt-to-equity ratio of 0.54.

Institutional Trading of Knife River

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Eagle Asset Management Inc. lifted its holdings in Knife River by 26.7% in the fourth quarter. Eagle Asset Management Inc. now owns 162,756 shares of the company’s stock worth $10,771,000 after buying an additional 34,281 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of Knife River during the fourth quarter valued at approximately $882,000. Oliver Luxxe Assets LLC purchased a new position in shares of Knife River during the fourth quarter valued at approximately $1,144,000. TFO Wealth Partners LLC lifted its holdings in shares of Knife River by 38,250.0% during the fourth quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock valued at $51,000 after purchasing an additional 765 shares during the last quarter. Finally, Hudson Value Partners LLC lifted its holdings in shares of Knife River by 24.4% during the fourth quarter. Hudson Value Partners LLC now owns 47,962 shares of the company’s stock valued at $3,174,000 after purchasing an additional 9,418 shares during the last quarter. 67.14% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Company Profile

(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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