Natixis Advisors LLC Has $1.35 Million Stake in Knife River Co. (NYSE:KNF)

Natixis Advisors LLC raised its stake in shares of Knife River Co. (NYSE:KNF) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 13,244 shares of the company’s stock after purchasing an additional 203 shares during the quarter. Natixis Advisors LLC’s holdings in Knife River were worth $1,346,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Knife River during the fourth quarter valued at about $14,600,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Knife River in the third quarter valued at approximately $10,267,000. Barclays PLC boosted its holdings in shares of Knife River by 156.2% in the 3rd quarter. Barclays PLC now owns 170,101 shares of the company’s stock worth $15,205,000 after acquiring an additional 103,713 shares in the last quarter. JPMorgan Chase & Co. grew its position in Knife River by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company’s stock worth $18,695,000 after acquiring an additional 49,785 shares during the last quarter. Finally, Van ECK Associates Corp acquired a new stake in Knife River during the 4th quarter valued at $4,201,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Up 0.4 %

Shares of KNF opened at $97.01 on Wednesday. The stock’s fifty day simple moving average is $97.90 and its 200-day simple moving average is $96.65. The firm has a market capitalization of $5.49 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. Knife River Co. has a 12-month low of $66.13 and a 12-month 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 earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. As a group, research analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.