Knife River Co. (NYSE:KNF) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lowered its holdings in Knife River Co. (NYSE:KNF) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,960 shares of the company’s stock after selling 593 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Knife River were worth $199,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Huntington National Bank increased its position in shares of Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after acquiring an additional 227 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Knife River in the third quarter worth $60,000. KBC Group NV grew its holdings in Knife River by 23.1% during the 3rd quarter. KBC Group NV now owns 1,763 shares of the company’s stock valued at $158,000 after purchasing an additional 331 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after purchasing an additional 476 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Up 5.8 %

NYSE KNF opened at $93.40 on Friday. Knife River Co. has a 12 month low of $66.13 and a 12 month 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 company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 26.38, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. The company’s fifty day moving average price is $98.48 and its two-hundred day moving average price is $95.66.

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

Analyst Ratings Changes

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

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.