Creative Planning Boosts Stock Position in Knife River Co. (NYSE:KNF)

Creative Planning grew its stake in shares of Knife River Co. (NYSE:KNFFree Report) by 103.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,924 shares of the company’s stock after acquiring an additional 6,052 shares during the period. Creative Planning’s holdings in Knife River were worth $1,066,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after acquiring an additional 176 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Knife River by 0.3% during the first quarter. Retirement Systems of Alabama now owns 71,032 shares of the company’s stock worth $5,759,000 after acquiring an additional 185 shares in the last quarter. LVW Advisors LLC lifted its position in shares of Knife River by 3.3% during the third quarter. LVW Advisors LLC now owns 6,027 shares of the company’s stock worth $539,000 after acquiring an additional 195 shares in the last quarter. Patten Group Inc. lifted its position in shares of Knife River by 2.4% during the third quarter. Patten Group Inc. now owns 9,881 shares of the company’s stock worth $883,000 after acquiring an additional 228 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in shares of Knife River by 1.9% during the second quarter. Arizona State Retirement System now owns 15,048 shares of the company’s stock worth $1,055,000 after acquiring an additional 280 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Trading Down 1.8 %

Shares of KNF stock opened at $97.32 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. Knife River Co. has a 52-week low of $48.67 and a 52-week high of $99.54. The company has a market capitalization of $5.51 billion, a PE ratio of 28.05, a price-to-earnings-growth ratio of 2.26 and a beta of 0.82. The business’s fifty day moving average is $86.80 and its 200 day moving average is $78.55.

Knife River (NYSE:KNFGet Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The company had revenue of $806.90 million for the quarter, compared to the consensus estimate of $803.81 million. During the same quarter last year, the business posted $1.00 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Knife River Co. will post 3.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer increased their price objective on Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Knife River presently has an average rating of “Moderate Buy” and an average target price of $86.60.

View Our Latest Report on KNF

About Knife River

(Free Report)

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.

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Institutional Ownership by Quarter for Knife River (NYSE:KNF)

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