Corient Private Wealth LLC Sells 1,585 Shares of Knife River Co. (NYSE:KNF)

Corient Private Wealth LLC lowered its stake in Knife River Co. (NYSE:KNF) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,443 shares of the company’s stock after selling 1,585 shares during the quarter. Corient Private Wealth LLC’s holdings in Knife River were worth $350,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of KNF. Larson Financial Group LLC increased its position in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after purchasing an additional 157 shares during the last quarter. GAMMA Investing LLC increased its holdings in Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after buying an additional 227 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock worth $169,000 after buying an additional 476 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Knife River during the fourth quarter worth $203,000. Finally, Longboard Asset Management LP bought a new position in shares of Knife River in the 4th quarter valued at about $208,000. Institutional investors own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

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

Knife River Stock Performance

Shares of KNF stock opened at $89.59 on Monday. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 25.31, a PEG ratio of 2.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83. The company has a 50-day simple moving average of $97.26 and a 200 day simple moving average of $96.99.

Knife River (NYSE:KNF) last posted its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The company 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%. On average, sell-side analysts predict that Knife River Co. will post 4.11 earnings per share for the current 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.