Knife River Co. (NYSE:KNF) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Knife River Co. (NYSE:KNF) by 27.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,908 shares of the company’s stock after buying an additional 1,467 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Knife River were worth $618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KNF. GAMMA Investing LLC boosted its stake in Knife River by 129.4% during 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. International Assets Investment Management LLC acquired a new position in Knife River in the second quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Knife River in the second quarter valued at about $43,000. DekaBank Deutsche Girozentrale acquired a new stake in Knife River during the second quarter valued at approximately $96,000. Finally, Koshinski Asset Management Inc. acquired 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.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KNF. Loop Capital lowered their price target on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday. DA Davidson lifted their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Oppenheimer increased their target price 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 investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

Knife River Price Performance

Shares of KNF opened at $101.08 on Friday. Knife River Co. has a 12 month low of $54.67 and a 12 month high of $103.14. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.49. The stock has a fifty day moving average price of $88.61 and a 200 day moving average price of $79.18. The company has a market cap of $5.72 billion, a P/E ratio of 28.96, a PEG ratio of 2.20 and a beta of 0.74.

Knife River (NYSE:KNF) last released its quarterly earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 EPS. On average, research analysts forecast that Knife River Co. will post 3.68 earnings per share for the current year.

Knife River Company 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.