Knife River Co. (NYSE:KNF) Shares Purchased by KBC Group NV

KBC Group NV boosted its position in shares of Knife River Co. (NYSE:KNF) by 37.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,427 shares of the company’s stock after acquiring an additional 664 shares during the quarter. KBC Group NV’s holdings in Knife River were worth $247,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Algert Global LLC acquired a new stake in shares of Knife River in the 2nd quarter valued at $379,000. Creative Planning boosted its position in shares of Knife River by 36.3% during the 2nd quarter. Creative Planning now owns 5,872 shares of the company’s stock worth $412,000 after acquiring an additional 1,565 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Knife River in the 2nd quarter valued at about $43,000. Handelsbanken Fonder AB raised its position in shares of Knife River by 40.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 10,800 shares of the company’s stock worth $965,000 after acquiring an additional 3,100 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of KNF opened at $102.65 on Tuesday. Knife River Co. has a 12-month low of $65.65 and a 12-month high of $108.83. The stock has a market cap of $5.81 billion, a P/E ratio of 29.41, a PEG ratio of 2.39 and a beta of 0.76. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $102.69 and a two-hundred day moving average of $91.51.

Knife River (NYSE:KNF) last posted its quarterly earnings data 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 for 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 for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.58 EPS. As a group, research analysts predict that Knife River Co. will post 3.49 EPS for the current fiscal year.

Analyst Ratings Changes

KNF has been the subject of several research analyst reports. Oppenheimer upped their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Loop Capital decreased their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, DA Davidson lifted their target price on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

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.