Barrow Hanley Mewhinney & Strauss LLC Boosts Holdings in Knife River Co. (NYSE:KNF)

Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Knife River Co. (NYSE:KNF) by 12.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,064,224 shares of the company’s stock after purchasing an additional 224,373 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.65% of Knife River worth $144,785,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Knife River during the second quarter worth about $39,000. TFO Wealth Partners LLC grew its holdings in shares of Knife River by 38,250.0% during the fourth quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock worth $51,000 after purchasing an additional 765 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Knife River in the second quarter worth approximately $96,000. Horan Capital Advisors LLC. purchased a new stake in Knife River in the first quarter valued at approximately $203,000. Finally, Koshinski Asset Management Inc. bought a new stake in Knife River during the first quarter valued at approximately $206,000. Institutional investors own 80.11% of the company’s stock.

Analysts Set New Price Targets

Separately, Stephens began coverage on shares of Knife River in a report on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.60.

Knife River Stock Performance

NYSE:KNF opened at $90.76 on Friday. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.92 and a beta of 0.81. The business has a 50 day moving average of $77.87 and a 200 day moving average of $75.94. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. Knife River Co. has a 1-year low of $46.51 and a 1-year high of $93.77.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company had revenue of $806.90 million during the quarter, compared to analysts’ expectations of $803.81 million. During the same quarter in the prior year, the company earned $1.00 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts predict that Knife River Co. will post 3.72 earnings per share 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.