Knife River (KNF) Q2 Earnings and Revenues Beat Estimates
Knife River (KNF) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1 per share a year ago.
KNF vs. JHX: Which Stock Should Value Investors Buy Now?
Investors looking for stocks in the Building Products - Miscellaneous sector might want to consider either Knife River (KNF) or James Hardie (JHX). But which of these two companies is the best option for those looking for undervalued stocks?
KNF or JHX: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the Building Products - Miscellaneous sector have probably already heard of Knife River (KNF) and James Hardie (JHX). But which of these two stocks presents investors with the better value opportunity right now?
Knife River (KNF) Loses -14.99% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Knife River (KNF) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
KNF vs. JHX: Which Stock Is the Better Value Option?
Investors interested in stocks from the Building Products - Miscellaneous sector have probably already heard of Knife River (KNF) and James Hardie (JHX). But which of these two companies is the best option for those looking for undervalued stocks?
Down -9.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Knife River (KNF)
Knife River (KNF) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Knife River (KNF) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
After losing some value lately, a hammer chart pattern has been formed for Knife River (KNF), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.
Knife River Co. (NYSE:KNF) Shares Acquired by Panagora Asset Management Inc.
Panagora Asset Management Inc. increased its position in shares of Knife River Co. (NYSE:KNF – Free Report) by 18.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,496 shares of the company’s stock after acquiring an additional 7,731 shares during the period. Panagora Asset Management Inc. owned approximately 0.09% of Knife River worth $3,276,000 at the end of the most recent quarter. Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in shares of Knife River by 4,029.5% in the 4th quarter. Federated Hermes Inc. now owns 251,567 shares of the company’s stock worth $16,649,000 after purchasing an additional 245,475 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Knife River by 16.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,398,360 shares of the company’s stock valued at $92,546,000 after buying an additional 199,389 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its position in shares of Knife River by 19.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,120,623 shares of the company’s stock valued at $54,720,000 after acquiring an additional 184,192 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Knife River during the 3rd quarter worth $6,739,000. Finally, Eagle Asset Management Inc. acquired a new position in shares of Knife River in the 3rd quarter worth $6,273,000. 80.11% of the stock is currently owned by institutional investors. Knife River Price Performance KNF opened at $74.07 on Monday. The stock has a fifty day moving average price of $78.23 and a 200 day moving average price of $69.27. The company has a current ratio of 2.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. Knife River Co. has a 1 year low of $33.67 and a 1 year high of $83.78. The stock has a market cap of $4.19 billion and a price-to-earnings ratio of 23.89. Knife River (NYSE:KNF – Get Free Report) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.80) by ($0.04). The firm had revenue of $329.60 million during the quarter, compared to analyst estimates of $300.98 million. Knife River had a return on equity of 14.65% and a net margin of 6.19%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($516.50) EPS. Analysts forecast that Knife River Co. will post 3.52 EPS for the current fiscal year. Analyst Ratings Changes A number of equities analysts recently weighed in on the company. Wolfe Research started coverage on Knife River in a research report on Friday, March 8th. They issued a “peer perform” rating for the company. Loop Capital initiated coverage on shares of Knife River in a research note on Tuesday, February 13th. They set a “buy” rating and a $81.00 target price on the stock. Finally, Oppenheimer raised their target price on Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Knife River has an average rating of “Moderate Buy” and a consensus price target of $76.20. Read Our Latest Stock Report on Knife River About Knife River (Free Report) 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.
