New York State Common Retirement Fund Sells 13,347 Shares of Knife River Co. (NYSE:KNF)

New York State Common Retirement Fund cut its holdings in Knife River Co. (NYSE:KNF) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,069 shares of the company’s stock after selling 13,347 shares during the quarter. New York State Common Retirement Fund owned 0.22% of Knife River worth $12,712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Huntington National Bank lifted its position in shares of Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares during the period. GAMMA Investing LLC increased its stake in Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after purchasing an additional 227 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Knife River during the third quarter valued at about $60,000. Sittner & Nelson LLC boosted its position in shares of Knife River by 18.5% during the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after purchasing an additional 150 shares in the last quarter. Finally, Covestor Ltd grew its stake in shares of Knife River by 13.2% in the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after buying an additional 150 shares during the period. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Down 0.2 %

KNF stock opened at $92.81 on Tuesday. The firm has a market capitalization of $5.25 billion, a PE ratio of 26.22, a P/E/G ratio of 2.36 and a beta of 0.76. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The stock’s 50 day moving average is $101.76 and its 200-day moving average is $94.29.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. Sell-side analysts expect that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KNF shares. Oppenheimer upped their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Stephens reaffirmed an “overweight” rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Loop Capital reduced their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, DA Davidson upped their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities 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 has a consensus rating of “Moderate Buy” and a consensus price target of $112.50.

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.