Moloney Securities Asset Management LLC Has $1.21 Million Stock Holdings in Knife River Co. (NYSE:KNF)

Moloney Securities Asset Management LLC boosted its holdings in shares of Knife River Co. (NYSE:KNF) by 16.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,582 shares of the company’s stock after acquiring an additional 1,869 shares during the period. Moloney Securities Asset Management LLC’s holdings in Knife River were worth $1,214,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Knife River by 12.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock worth $144,785,000 after acquiring an additional 224,373 shares during the period. Hood River Capital Management LLC grew its holdings in shares of Knife River by 5.3% in the 2nd quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock valued at $53,377,000 after buying an additional 38,152 shares during the period. Congress Asset Management Co. grew its holdings in shares of Knife River by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 679,547 shares of the company’s stock valued at $60,745,000 after buying an additional 65,930 shares during the period. US Bancorp DE grew its holdings in shares of Knife River by 0.3% in the 3rd quarter. US Bancorp DE now owns 423,337 shares of the company’s stock valued at $37,842,000 after buying an additional 1,090 shares during the period. Finally, Federated Hermes Inc. grew its holdings in shares of Knife River by 37.5% in the 2nd quarter. Federated Hermes Inc. now owns 384,215 shares of the company’s stock valued at $26,949,000 after buying an additional 104,720 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KNF shares. Loop Capital decreased their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday. Oppenheimer boosted their price target on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $90.40.

Knife River Trading Up 2.8 %

KNF opened at $91.76 on Wednesday. The stock has a market capitalization of $5.19 billion, a P/E ratio of 26.44, a P/E/G ratio of 2.40 and a beta of 0.74. Knife River Co. has a 12 month low of $54.05 and a 12 month high of $99.54. The firm’s fifty day simple moving average is $87.66 and its 200 day simple moving average is $78.88. 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 posted its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.58 earnings per share. As a group, research analysts anticipate that Knife River Co. will post 3.68 EPS for the current fiscal year.

Knife River Company 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.