Atria Investments Inc Has $470,000 Stock Position in Knife River Co. (NYSE:KNF)

Atria Investments Inc raised its holdings in shares of Knife River Co. (NYSE:KNF) by 26.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,258 shares of the company’s stock after buying an additional 1,116 shares during the quarter. Atria Investments Inc’s holdings in Knife River were worth $470,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of KNF. Swedbank AB bought a new stake in shares of Knife River in the 1st quarter worth approximately $9,730,000. Bayesian Capital Management LP acquired a new position in Knife River in the first quarter valued at about $687,000. Comerica Bank increased its holdings in shares of Knife River by 59.2% during the first quarter. Comerica Bank now owns 42,635 shares of the company’s stock worth $3,457,000 after buying an additional 15,848 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Knife River by 311.5% in the second quarter. Harbor Capital Advisors Inc. now owns 14,381 shares of the company’s stock valued at $1,009,000 after acquiring an additional 10,886 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Knife River by 796.9% in the 1st quarter. Acadian Asset Management LLC now owns 31,103 shares of the company’s stock worth $2,518,000 after acquiring an additional 27,635 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KNF. Oppenheimer lifted their price objective on Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Loop Capital cut their price target on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, DA Davidson increased their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.67.

Knife River Price Performance

Shares of KNF stock opened at $98.30 on Thursday. The firm’s 50 day moving average price is $91.89 and its two-hundred day moving average price is $80.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. Knife River Co. has a 52-week low of $56.94 and a 52-week high of $103.33. The stock has a market cap of $5.56 billion, a PE ratio of 27.98, a PEG ratio of 2.53 and a beta of 0.74.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts forecast that Knife River Co. will post 3.57 EPS 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.