Cerity Partners LLC Acquires 5,004 Shares of Knife River Co. (NYSE:KNF)

Cerity Partners LLC grew its holdings in Knife River Co. (NYSE:KNF) by 24.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,487 shares of the company’s stock after buying an additional 5,004 shares during the quarter. Cerity Partners LLC’s holdings in Knife River were worth $2,278,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Knife River by 129.4% in the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after acquiring an additional 176 shares in the last quarter. Huntington National Bank lifted its position in shares of Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Knife River during the 2nd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Knife River during the second quarter valued at about $43,000. Finally, Sittner & Nelson LLC raised its stake in Knife River by 18.5% in the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after buying an additional 150 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Performance

Knife River stock opened at $103.50 on Monday. Knife River Co. has a twelve month low of $58.92 and a twelve month high of $105.63. 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 company has a market capitalization of $5.86 billion, a P/E ratio of 29.66, a PEG ratio of 2.78 and a beta of 0.74. The stock’s 50 day moving average is $94.40 and its 200 day moving average is $81.61.

Knife River (NYSE:KNF) last released its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.58 earnings per share. On average, equities research analysts predict that Knife River Co. will post 3.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on KNF. Loop Capital cut their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Oppenheimer lifted their price target on Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, DA Davidson increased their price objective on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

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.