Knife River Co. (NYSE:KNF) Position Lessened by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd reduced its stake in shares of Knife River Co. (NYSE:KNF) by 93.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,367 shares of the company’s stock after selling 18,212 shares during the period. Ausbil Investment Management Ltd’s holdings in Knife River were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Knife River by 129.4% during the third 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 grew its position in 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 purchasing an additional 293 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Knife River in the second quarter valued at approximately $43,000. Harvest Fund Management Co. Ltd acquired a new stake in Knife River in the 3rd quarter valued at approximately $60,000. Finally, Sittner & Nelson LLC raised its stake in shares of Knife River by 18.5% during the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after purchasing an additional 150 shares in the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Stock Down 2.3 %

Shares of Knife River stock opened at $103.56 on Friday. The stock has a 50-day simple moving average of $102.69 and a 200-day simple moving average of $91.33. Knife River Co. has a 52-week low of $65.35 and a 52-week high of $108.83. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 29.67, a P/E/G ratio of 2.37 and a beta of 0.78. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91.

Knife River (NYSE:KNF) last posted its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate 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 revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share. On average, equities research analysts expect that Knife River Co. will post 3.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.