Knife River Co. (NYSE:KNF) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in shares of Knife River Co. (NYSE:KNF) by 58.6% in the fourth quarter, Holdings Channel reports. The firm owned 425 shares of the company’s stock after acquiring an additional 157 shares during the period. Larson Financial Group LLC’s holdings in Knife River were worth $43,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KNF. Huntington National Bank increased its position in shares of Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares in the last quarter. GAMMA Investing LLC boosted its position in Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after purchasing an additional 227 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Knife River in the 3rd quarter valued at $60,000. Covestor Ltd raised its position in Knife River by 13.2% in the third quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after purchasing an additional 150 shares during the period. Finally, KBC Group NV lifted its stake in shares of Knife River by 23.1% during the third quarter. KBC Group NV now owns 1,763 shares of the company’s stock worth $158,000 after purchasing an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Stock Up 2.0 %

KNF stock opened at $89.21 on Thursday. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $98.88 and a 200-day simple moving average of $95.49. The company has a market capitalization of $5.05 billion, a P/E ratio of 25.20, a PEG ratio of 2.36 and a beta of 0.88. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83.

Knife River (NYSE:KNF) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. On average, equities research analysts predict that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Oppenheimer increased their target price on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stephens reaffirmed an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Finally, Wells Fargo & Company began coverage on shares of Knife River in a report on Monday. They issued an “overweight” rating and a $102.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $110.40.

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.