Hodges Capital Management Inc. Grows Position in Knowles Corporation $KN

Hodges Capital Management Inc. raised its stake in shares of Knowles Corporation (NYSE:KN) by 66.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 217,386 shares of the communications equipment provider’s stock after purchasing an additional 86,563 shares during the period. Hodges Capital Management Inc.’s holdings in Knowles were worth $5,582,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in shares of Knowles by 365.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,394,341 shares of the communications equipment provider’s stock valued at $32,502,000 after purchasing an additional 1,094,715 shares during the last quarter. Harvey Partners LLC acquired a new stake in shares of Knowles during the 3rd quarter worth $14,510,000. Franklin Resources Inc. raised its position in shares of Knowles by 10.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,108,184 shares of the communications equipment provider’s stock worth $119,072,000 after buying an additional 484,500 shares during the period. Raymond James Financial Inc. raised its position in shares of Knowles by 52.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,360,918 shares of the communications equipment provider’s stock worth $31,723,000 after buying an additional 470,100 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Knowles by 95.9% in the third quarter. American Century Companies Inc. now owns 958,387 shares of the communications equipment provider’s stock valued at $22,340,000 after acquiring an additional 469,286 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Insider Activity

In other news, VP Air A. Jr. Bastarrica sold 3,623 shares of Knowles stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $30.91, for a total transaction of $111,986.93. Following the sale, the vice president owned 47,569 shares in the company, valued at $1,470,357.79. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Daniel J. Giesecke sold 20,201 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $37.32, for a total transaction of $753,901.32. Following the completion of the transaction, the chief operating officer owned 175,855 shares of the company’s stock, valued at $6,562,908.60. This trade represents a 10.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 173,058 shares of company stock worth $5,809,156 over the last 90 days. Company insiders own 2.24% of the company’s stock.

Wall Street Analysts Forecast Growth

KN has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Knowles in a research report on Friday, May 22nd. Robert W. Baird raised their price objective on Knowles from $30.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Craig Hallum reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Knowles in a research note on Friday, April 24th. Finally, Zacks Research cut Knowles from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.33.

Knowles Price Performance

KN stock opened at $36.76 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.77 and a current ratio of 3.27. Knowles Corporation has a 1 year low of $17.34 and a 1 year high of $42.93. The firm has a market cap of $3.14 billion, a P/E ratio of 57.43 and a beta of 1.59. The stock has a 50-day simple moving average of $37.08 and a 200-day simple moving average of $29.48.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, April 23rd. The communications equipment provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $153.10 million for the quarter, compared to analyst estimates of $147.40 million. Knowles had a return on equity of 10.66% and a net margin of 9.10%.Knowles’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. Knowles has set its Q2 2026 guidance at 0.280-0.320 EPS. On average, equities analysts predict that Knowles Corporation will post 0.94 earnings per share for the current fiscal year.

Knowles Profile

Knowles Corporation (NYSE: KN) is a leading developer and manufacturer of advanced micro-acoustic, audio processing and precision device solutions. The company’s product portfolio includes microelectromechanical systems (MEMS) microphones, balanced armature receivers, acoustic filters, and custom audio processing integrated circuits. These solutions are designed to enable clear speech, enhanced voice capture and intelligent audio performance in a variety of end markets.

Founded in 1946, Knowles has evolved from its roots in vacuum tube components to become a pure-play audio technology provider following its spin-off from Dover Corporation in 2014.