Asset Management One Co. Ltd. Takes Position in Knife River Co. (NYSE:KNF)

Asset Management One Co. Ltd. bought a new position in shares of Knife River Co. (NYSE:KNF) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,252 shares of the company’s stock, valued at approximately $2,703,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Knife River by 1.8% during the 3rd quarter. State Street Corp now owns 2,003,069 shares of the company’s stock valued at $179,054,000 after buying an additional 34,646 shares during the last quarter. Geode Capital Management LLC increased its position in Knife River by 2.0% in the third quarter. Geode Capital Management LLC now owns 1,337,273 shares of the company’s stock worth $119,561,000 after buying an additional 26,198 shares during the period. Charles Schwab Investment Management Inc. increased its position in Knife River by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock worth $62,513,000 after buying an additional 5,791 shares during the period. Congress Asset Management Co. increased its position in Knife River by 10.7% in the third quarter. Congress Asset Management Co. now owns 679,547 shares of the company’s stock worth $60,745,000 after buying an additional 65,930 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in shares of Knife River by 2.1% during the third quarter. Loomis Sayles & Co. L P now owns 660,225 shares of the company’s stock valued at $59,017,000 after purchasing an additional 13,490 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Price Performance

NYSE:KNF opened at $103.02 on Thursday. The business’s 50-day moving average price is $102.30 and its 200 day moving average price is $93.63. The firm has a market cap of $5.83 billion, a P/E ratio of 29.10, a PEG ratio of 2.35 and a beta of 0.76. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45.

Knife River (NYSE:KNF) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. As a group, sell-side analysts predict that Knife River Co. will post 4.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KNF shares. Oppenheimer raised their price target on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Loop Capital lowered their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Stephens reissued an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. 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 report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $112.50.

About Knife River

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.