Knife River Co. (NYSE:KNF) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its holdings in shares of Knife River Co. (NYSE:KNF) by 165.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,160 shares of the company’s stock after acquiring an additional 23,779 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.07% of Knife River worth $3,411,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bayesian Capital Management LP acquired a new position in Knife River during the 1st quarter valued at approximately $687,000. Swedbank AB bought a new position in shares of Knife River during the first quarter worth about $9,730,000. Comerica Bank increased its holdings in shares of Knife River by 59.2% in the 1st quarter. Comerica Bank now owns 42,635 shares of the company’s stock worth $3,457,000 after acquiring an additional 15,848 shares during the period. Ontario Teachers Pension Plan Board lifted its position in Knife River by 34.6% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 31,051 shares of the company’s stock valued at $2,518,000 after purchasing an additional 7,988 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in Knife River by 796.9% in the 1st quarter. Acadian Asset Management LLC now owns 31,103 shares of the company’s stock valued at $2,518,000 after purchasing an additional 27,635 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of KNF opened at $97.47 on Monday. The firm has a market capitalization of $5.52 billion, a PE ratio of 28.09, a P/E/G ratio of 2.40 and a beta of 0.74. The company has a quick ratio of 1.49, a current ratio of 2.51 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $87.16 and a 200 day moving average price of $78.67. Knife River Co. has a 52-week low of $53.34 and a 52-week high of $99.54.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The business had revenue of $806.90 million for the quarter, compared to analyst estimates of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $1.00 earnings per share. On average, sell-side analysts anticipate that Knife River Co. will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer raised their price target on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.60.

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.