2,500 Shares in Knife River Co. (NYSE:KNF) Purchased by Horan Capital Advisors LLC.

Horan Capital Advisors LLC. purchased a new stake in shares of Knife River Co. (NYSE:KNF) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,500 shares of the company’s stock, valued at approximately $223,000.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its holdings in shares of Knife River by 36.7% in the third quarter. Thrivent Financial for Lutherans now owns 78,803 shares of the company’s stock valued at $7,045,000 after purchasing an additional 21,142 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in Knife River during the third quarter valued at $567,000. RIA Advisory Group LLC bought a new position in Knife River during the third quarter valued at $302,000. Royce & Associates LP purchased a new position in shares of Knife River in the 3rd quarter worth $1,028,000. Finally, Huntington National Bank increased its holdings in shares of Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

Knife River Price Performance

Knife River stock opened at $95.47 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.53 and a beta of 0.74. The firm has a 50-day moving average of $91.06 and a two-hundred day moving average of $80.00. Knife River Co. has a 1 year low of $56.86 and a 1 year high of $103.33.

Knife River (NYSE:KNF) last announced its quarterly earnings results 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.58 EPS. On average, research analysts forecast that Knife River Co. will post 3.57 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on KNF. Loop Capital dropped their price target on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Oppenheimer raised their price objective on Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Finally, DA Davidson boosted their target price on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.67.

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.