Knife River Co. (NYSE:KNF) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC raised its holdings in Knife River Co. (NYSE:KNF) by 12,902.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,512 shares of the company’s stock after acquiring an additional 70,962 shares during the period. International Assets Investment Management LLC owned approximately 0.13% of Knife River worth $6,392,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC raised its holdings in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after acquiring an additional 176 shares during the last quarter. Retirement Systems of Alabama increased its holdings in shares of Knife River by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 71,032 shares of the company’s stock worth $5,759,000 after buying an additional 185 shares during the last quarter. LVW Advisors LLC increased its holdings in shares of Knife River by 3.3% during the 3rd quarter. LVW Advisors LLC now owns 6,027 shares of the company’s stock worth $539,000 after buying an additional 195 shares during the last quarter. Patten Group Inc. increased its holdings in shares of Knife River by 2.4% during the 3rd quarter. Patten Group Inc. now owns 9,881 shares of the company’s stock worth $883,000 after buying an additional 228 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Knife River by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 15,048 shares of the company’s stock worth $1,055,000 after buying an additional 280 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Down 1.8 %

Knife River stock opened at $97.32 on Friday. Knife River Co. has a fifty-two week low of $48.67 and a fifty-two week high of $99.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. The firm has a 50 day moving average price of $86.80 and a 200 day moving average price of $78.55. The company has a market capitalization of $5.51 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 2.26 and a beta of 0.82.

Knife River (NYSE:KNF) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The firm had revenue of $806.90 million during the quarter, compared to the consensus estimate of $803.81 million. During the same quarter last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts expect that Knife River Co. will post 3.72 earnings per share for the current year.

Analyst Ratings Changes

Separately, Oppenheimer raised their price target on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.60.

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.