Knife River Co. (NYSE:KNF) Position Increased by Barclays PLC

Barclays PLC lifted its position in Knife River Co. (NYSE:KNF) by 156.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,101 shares of the company’s stock after acquiring an additional 103,713 shares during the period. Barclays PLC owned about 0.30% of Knife River worth $15,205,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the period. Huntington National Bank grew its holdings in shares of Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after buying an additional 293 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Knife River during the second quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Knife River during the second quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Knife River in the 3rd quarter worth about $60,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Price Performance

NYSE KNF opened at $102.31 on Monday. 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 stock has a market capitalization of $5.79 billion, a PE ratio of 29.32, a price-to-earnings-growth ratio of 2.90 and a beta of 0.70. Knife River Co. has a 12-month low of $61.50 and a 12-month high of $107.96. The company has a 50 day moving average price of $97.36 and a two-hundred day moving average price of $83.72.

Knife River (NYSE:KNF) last released its quarterly earnings data on Monday, November 4th. The company reported $2.60 earnings per share (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 analyst estimates of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.58 EPS. As a group, equities analysts predict that Knife River Co. will post 3.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on KNF shares. DA Davidson lifted their target price on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Loop Capital lowered their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Oppenheimer increased their target price on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Knife River presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.33.

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.