Knife River Co. (NYSE:KNF) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lessened its stake in shares of Knife River Co. (NYSE:KNF) by 33.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,800 shares of the company’s stock after selling 3,370 shares during the quarter. Legato Capital Management LLC’s holdings in Knife River were worth $477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TFO Wealth Partners LLC lifted its stake in shares of Knife River by 38,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock worth $51,000 after acquiring an additional 765 shares during the period. Horan Capital Advisors LLC. acquired a new stake in Knife River in the first quarter valued at about $203,000. Koshinski Asset Management Inc. purchased a new stake in Knife River in the 1st quarter valued at approximately $206,000. CWM LLC increased its position in Knife River by 57.5% during the 4th quarter. CWM LLC now owns 3,128 shares of the company’s stock worth $207,000 after purchasing an additional 1,142 shares during the period. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Knife River during the 4th quarter worth approximately $211,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Stephens assumed coverage on Knife River in a research note on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.60.

Knife River Stock Performance

Shares of KNF stock opened at $77.02 on Wednesday. The stock has a fifty day moving average price of $74.32 and a 200 day moving average price of $74.75. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.75. The stock has a market cap of $4.36 billion, a PE ratio of 24.85, a P/E/G ratio of 2.89 and a beta of 0.83. Knife River Co. has a 1 year low of $46.51 and a 1 year high of $83.78.

Knife River (NYSE:KNF) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. Knife River had a net margin of 6.19% and a return on equity of 14.65%. The firm had revenue of $806.90 million during the quarter, compared to the consensus estimate of $803.81 million. During the same period last year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Knife River Co. will post 3.51 earnings per share for the current fiscal 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.