Harvest Fund Management Co. Ltd Invests $60,000 in Knife River Co. (NYSE:KNF)

Harvest Fund Management Co. Ltd acquired a new stake in shares of Knife River Co. (NYSE:KNF) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 673 shares of the company’s stock, valued at approximately $60,000.

A number of other large investors also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Knife River by 12.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock valued at $144,785,000 after acquiring an additional 224,373 shares in the last quarter. Hood River Capital Management LLC lifted its stake in shares of Knife River by 5.3% during the 2nd quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock worth $53,377,000 after purchasing an additional 38,152 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Knife River by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after purchasing an additional 5,791 shares in the last quarter. Congress Asset Management Co. grew its stake in Knife River by 10.7% in the third quarter. Congress Asset Management Co. now owns 679,547 shares of the company’s stock valued at $60,745,000 after purchasing an additional 65,930 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Knife River by 0.3% during the third quarter. US Bancorp DE now owns 423,337 shares of the company’s stock valued at $37,842,000 after buying an additional 1,090 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

Knife River Stock Down 1.8 %

KNF stock opened at $102.73 on Thursday. The stock has a market capitalization of $5.82 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 2.80 and a beta of 0.74. Knife River Co. has a 52 week low of $58.92 and a 52 week high of $105.63. 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 firm has a 50 day moving average of $93.92 and a 200 day moving average of $81.23.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $2.58 earnings per share. The company’s quarterly revenue was up 1.4% on a year-over-year basis. Sell-side analysts forecast that Knife River Co. will post 3.57 earnings per share for the current year.

Analyst Ratings Changes

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

Knife River 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.