HighTower Advisors LLC Boosts Holdings in Knife River Co. (NYSE:KNF)

HighTower Advisors LLC lifted its holdings in Knife River Co. (NYSE:KNF) by 6.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,090 shares of the company’s stock after acquiring an additional 590 shares during the quarter. HighTower Advisors LLC’s holdings in Knife River were worth $924,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in KNF. Intech Investment Management LLC purchased a new stake in Knife River in the third quarter worth about $920,000. Charles Schwab Investment Management Inc. raised its position in shares of Knife River by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock worth $62,513,000 after acquiring an additional 5,791 shares in the last quarter. Citigroup Inc. raised its position in shares of Knife River by 222.9% in the 3rd quarter. Citigroup Inc. now owns 51,425 shares of the company’s stock worth $4,597,000 after acquiring an additional 35,497 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Knife River by 24.4% in the 3rd quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after purchasing an additional 5,004 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Knife River during the third quarter valued at approximately $60,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Knife River Trading Down 3.1 %

Shares of NYSE KNF opened at $92.94 on Friday. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. 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’s 50 day moving average is $97.57 and its two-hundred day moving average is $96.62. The stock has a market capitalization of $5.26 billion, a P/E ratio of 26.25, a PEG ratio of 2.36 and a beta of 0.88.

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

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.