Jones Financial Companies Lllp Buys 476 Shares of Knife River Co. (NYSE:KNF)

Jones Financial Companies Lllp boosted its stake in shares of Knife River Co. (NYSE:KNF) by 40.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,660 shares of the company’s stock after acquiring an additional 476 shares during the period. Jones Financial Companies Lllp’s holdings in Knife River were worth $169,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after purchasing an additional 227 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Knife River in the 3rd quarter valued at $60,000. KBC Group NV increased its stake in shares of Knife River by 23.1% in the 3rd quarter. KBC Group NV now owns 1,763 shares of the company’s stock valued at $158,000 after purchasing an additional 331 shares during the last quarter. Finally, Longboard Asset Management LP bought a new position in shares of Knife River in the 4th quarter valued at $208,000. Institutional investors own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

KNF has been the topic of several recent analyst reports. Oppenheimer lifted their price target on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Stephens reissued an “overweight” rating and set a $120.00 price objective on shares of Knife River in a report on Friday, February 14th. Finally, Wells Fargo & Company started coverage on Knife River in a report on Monday, March 10th. They set an “overweight” rating and a $102.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River has a consensus rating of “Buy” and a consensus price target of $110.40.

Knife River Trading Up 5.8 %

NYSE KNF opened at $93.40 on Friday. The company has a market cap of $5.29 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The business’s fifty day moving average is $98.48 and its 200 day moving average is $95.54. 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 announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. As a group, sell-side analysts expect that Knife River Co. will post 4.11 EPS for the current fiscal year.

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.