TD Asset Management Inc Has $3.01 Million Stake in Knife River Corporation $KNF

TD Asset Management Inc boosted its position in shares of Knife River Corporation (NYSE:KNF) by 67.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,902 shares of the company’s stock after acquiring an additional 14,880 shares during the period. TD Asset Management Inc owned 0.07% of Knife River worth $3,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Knife River by 4,145.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,667,822 shares of the company’s stock valued at $150,456,000 after buying an additional 1,628,535 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Knife River by 129.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,053,386 shares of the company’s stock valued at $95,026,000 after buying an additional 593,431 shares during the last quarter. Nuveen LLC acquired a new position in shares of Knife River during the first quarter valued at about $38,521,000. Invesco Ltd. raised its position in shares of Knife River by 40.6% during the first quarter. Invesco Ltd. now owns 1,236,929 shares of the company’s stock valued at $111,583,000 after buying an additional 357,133 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Knife River by 19.7% during the first quarter. American Century Companies Inc. now owns 1,062,743 shares of the company’s stock valued at $95,870,000 after buying an additional 175,063 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Price Performance

Shares of Knife River stock opened at $64.67 on Tuesday. The company has a current ratio of 2.78, a quick ratio of 1.57 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 24.04, a P/E/G ratio of 5.47 and a beta of 0.57. Knife River Corporation has a 1-year low of $64.10 and a 1-year high of $108.83. The firm’s 50-day moving average price is $77.88 and its two-hundred day moving average price is $84.46.

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

Analysts Set New Price Targets

KNF has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Knife River in a research report on Tuesday, October 7th. They set a “cautious” rating for the company. Oppenheimer lowered their target price 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 lowered their target price 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Knife River in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.