Dakota Wealth Management Has $2.25 Million Stock Position in Knife River Co. (NYSE:KNF)

Dakota Wealth Management lowered its position in shares of Knife River Co. (NYSE:KNF) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,174 shares of the company’s stock after selling 1,383 shares during the quarter. Dakota Wealth Management’s holdings in Knife River were worth $2,254,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of KNF. GAMMA Investing LLC boosted its position in Knife River by 129.4% during the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after acquiring an additional 176 shares during the last quarter. Huntington National Bank boosted 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 valued at $31,000 after buying an additional 293 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Knife River in the 2nd quarter valued at approximately $43,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Knife River in the 3rd quarter valued at approximately $60,000. Finally, Sittner & Nelson LLC boosted its holdings in shares of Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Down 3.3 %

KNF opened at $103.42 on Friday. Knife River Co. has a 1-year low of $62.61 and a 1-year high of $108.83. The stock’s fifty day simple moving average is $101.90 and its 200 day simple moving average is $90.04. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The stock has a market cap of $5.85 billion, a PE ratio of 29.63, a price-to-earnings-growth ratio of 2.48 and a beta of 0.78.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $2.58 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, research analysts expect that Knife River Co. will post 3.49 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on KNF. Oppenheimer increased their price objective on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. DA Davidson increased their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Loop Capital cut their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $103.75.

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.