Knife River Co. (NYSE:KNF) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its position in shares of Knife River Co. (NYSE:KNF) by 14.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,199 shares of the company’s stock after selling 202 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Knife River were worth $84,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of KNF. Vanguard Group Inc. increased its stake in Knife River by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 6,044,184 shares of the company’s stock valued at $400,004,000 after purchasing an additional 503,892 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Knife River by 122.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 819,296 shares of the company’s stock worth $54,221,000 after acquiring an additional 450,574 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Knife River by 12.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock worth $144,785,000 after purchasing an additional 224,373 shares during the last quarter. Swedbank AB acquired a new position in shares of Knife River in the 1st quarter valued at $9,730,000. Finally, M&G Plc purchased a new stake in shares of Knife River during the 1st quarter valued at $9,289,000. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Stephens started coverage on Knife River in a report on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Knife River Stock Up 2.5 %

Shares of Knife River stock opened at $89.69 on Friday. The company has a fifty day moving average price of $80.78 and a 200 day moving average price of $77.11. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. Knife River Co. has a twelve month low of $46.51 and a twelve month high of $93.77. The company has a current ratio of 2.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.52.

Knife River (NYSE:KNF) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.24 by $0.13. The firm had revenue of $806.90 million for the quarter, compared to analyst estimates of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. Knife River’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. Equities research analysts forecast that Knife River Co. will post 3.72 earnings per share 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.