RIA Advisory Group LLC Purchases New Stake in Knife River Co. (NYSE:KNF)

RIA Advisory Group LLC bought a new stake in shares of Knife River Co. (NYSE:KNF) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,384 shares of the company’s stock, valued at approximately $302,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Knife River during the 1st quarter worth about $467,000. Swiss National Bank lifted its stake in shares of Knife River by 5.8% during the first quarter. Swiss National Bank now owns 106,098 shares of the company’s stock worth $8,602,000 after purchasing an additional 5,800 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Knife River by 139.6% during the first quarter. Russell Investments Group Ltd. now owns 104,211 shares of the company’s stock worth $8,444,000 after purchasing an additional 60,711 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Knife River by 4.8% in the first quarter. ProShare Advisors LLC now owns 12,936 shares of the company’s stock worth $1,049,000 after buying an additional 589 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new position in Knife River during the 1st quarter worth approximately $206,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of NYSE:KNF traded down $0.42 during trading on Friday, hitting $94.25. 218,749 shares of the company traded hands, compared to its average volume of 384,344. Knife River Co. has a one year low of $56.36 and a one year high of $103.33. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The business’s fifty day moving average is $90.67 and its 200-day moving average is $79.87. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 2.56 and a beta of 0.74.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $2.58 earnings per share. As a group, equities analysts predict that Knife River Co. will post 3.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KNF has been the topic of a number of recent research reports. Oppenheimer boosted their target price on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Loop Capital lowered their target price on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, DA Davidson increased their price target on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and an average price target of $93.67.

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.