143,646 Shares in Knife River Co. (NYSE:KNF) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in Knife River Co. (NYSE:KNF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 143,646 shares of the company’s stock, valued at approximately $14,600,000. Raymond James Financial Inc. owned approximately 0.25% of Knife River as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in Knife River by 1.8% during the third quarter. State Street Corp now owns 2,003,069 shares of the company’s stock worth $179,054,000 after buying an additional 34,646 shares during the period. Geode Capital Management LLC lifted its holdings in Knife River by 2.0% during 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. lifted its holdings in Knife River by 0.8% during 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. lifted its holdings in Knife River by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 696,245 shares of the company’s stock worth $70,766,000 after buying an additional 16,698 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in Knife River by 2.1% during the third quarter. Loomis Sayles & Co. L P now owns 660,225 shares of the company’s stock worth $59,017,000 after buying an additional 13,490 shares during the period. Institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KNF shares. Oppenheimer increased their price objective on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Stephens reiterated 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 for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River currently has a consensus rating of “Buy” and a consensus price target of $110.40.

Knife River Stock Performance

Shares of KNF stock opened at $91.85 on Wednesday. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The business has a fifty day moving average of $98.21 and a 200 day moving average of $96.00. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83.

Knife River (NYSE:KNF) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. As a group, research analysts expect that Knife River Co. will post 4.11 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.