Savant Capital LLC Has $300,000 Stake in Knife River Corporation $KNF

Savant Capital LLC lowered its holdings in shares of Knife River Corporation (NYSE:KNF) by 17.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,678 shares of the company’s stock after selling 778 shares during the quarter. Savant Capital LLC’s holdings in Knife River were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group lifted its holdings in shares of Knife River by 31,200.0% during the 1st quarter. Brooklyn Investment Group now owns 313 shares of the company’s stock worth $28,000 after acquiring an additional 312 shares during the period. GHP Investment Advisors Inc. bought a new stake in Knife River in the second quarter valued at about $48,000. Hilltop National Bank acquired a new position in Knife River in the second quarter worth about $52,000. Huntington National Bank lifted its stake in Knife River by 35.5% during the second quarter. Huntington National Bank now owns 703 shares of the company’s stock worth $57,000 after purchasing an additional 184 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Knife River during the first quarter valued at approximately $92,000. Institutional investors own 80.11% of the company’s stock.

Knife River Stock Performance

Knife River stock opened at $68.19 on Wednesday. The stock has a 50-day simple moving average of $69.81 and a 200 day simple moving average of $80.77. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 1.37 and a beta of 0.53. The company has a quick ratio of 1.47, a current ratio of 2.39 and a debt-to-equity ratio of 0.73. Knife River Corporation has a 12-month low of $58.72 and a 12-month high of $108.83.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.07. Knife River had a net margin of 4.87% and a return on equity of 9.97%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.22 billion. Knife River has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. DA Davidson cut their target price on Knife River from $105.00 to $95.00 and set a “buy” rating for the company in a research report on Wednesday, October 1st. Wall Street Zen lowered Knife River from a “hold” rating to a “sell” rating in a research note on Sunday. UBS Group upgraded shares of Knife River to an “overweight” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada dropped their target price on shares of Knife River from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Knife River in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Knife River presently has an average rating of “Moderate Buy” and a consensus target price of $99.00.

About Knife River

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.