Cwm LLC Buys 3,853 Shares of Knife River Co. (NYSE:KNF)

Cwm LLC boosted its stake in shares of Knife River Co. (NYSE:KNF) by 123.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,981 shares of the company’s stock after buying an additional 3,853 shares during the quarter. Cwm LLC’s holdings in Knife River were worth $566,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KNF. Deutsche Bank AG lifted its holdings in Knife River by 39.6% during the 3rd quarter. Deutsche Bank AG now owns 26,567 shares of the company’s stock valued at $1,297,000 after buying an additional 7,534 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Knife River by 5.4% in the 3rd quarter. Rhumbline Advisers now owns 185,982 shares of the company’s stock valued at $9,081,000 after purchasing an additional 9,525 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Knife River in the 3rd quarter valued at about $34,000. Acadian Asset Management LLC bought a new stake in shares of Knife River in the 3rd quarter valued at about $66,000. Finally, LPL Financial LLC raised its holdings in shares of Knife River by 6.0% in the 3rd quarter. LPL Financial LLC now owns 77,296 shares of the company’s stock valued at $3,774,000 after purchasing an additional 4,409 shares in the last quarter. Institutional investors own 80.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Oppenheimer boosted their price target on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Wolfe Research assumed coverage on shares of Knife River in a report on Friday, March 8th. They issued a “peer perform” rating for the company. Finally, Stephens initiated coverage on shares of Knife River in a report on Tuesday. They issued an “overweight” rating and a $85.00 price target for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.67.

Knife River Stock Down 0.9 %

Shares of Knife River stock opened at $68.07 on Friday. The firm’s 50 day moving average price is $73.97 and its 200-day moving average price is $71.39. The company has a quick ratio of 1.49, a current ratio of 2.75 and a debt-to-equity ratio of 0.55. Knife River Co. has a 52-week low of $41.53 and a 52-week high of $83.78. The company has a market cap of $3.85 billion and a P/E ratio of 21.96.

Knife River (NYSE:KNF) last released its earnings results on Tuesday, May 7th. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.80) by ($0.04). The company had revenue of $329.60 million for the quarter, compared to analysts’ expectations of $300.98 million. Knife River had a return on equity of 14.65% and a net margin of 6.19%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($516.50) EPS. On average, sell-side analysts predict that Knife River Co. will post 3.52 EPS for the current fiscal year.

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.