Knife River Co. (NYSE:KNF) Stock Holdings Decreased by Pecaut & CO.

Pecaut & CO. decreased its stake in shares of Knife River Co. (NYSE:KNF) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,500 shares of the company’s stock after selling 1,000 shares during the period. Knife River comprises about 1.5% of Pecaut & CO.’s investment portfolio, making the stock its 17th biggest holding. Pecaut & CO. owned about 0.10% of Knife River worth $4,033,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Knife River during the second quarter worth $39,000. TFO Wealth Partners LLC lifted its holdings in Knife River by 38,250.0% in the fourth 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 last quarter. Horan Capital Advisors LLC. acquired a new position in Knife River in the first quarter valued at approximately $203,000. Koshinski Asset Management Inc. bought a new position in shares of Knife River during the first quarter valued at approximately $206,000. Finally, Grimes & Company Inc. acquired a new stake in shares of Knife River during the 1st quarter worth approximately $216,000. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stephens initiated coverage on Knife River in a research note on Tuesday, June 18th. They set an “overweight” rating and a $85.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Knife River Stock Performance

Shares of KNF stock opened at $78.84 on Thursday. Knife River Co. has a 12-month low of $46.51 and a 12-month high of $83.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.86 and a beta of 0.81. The business has a 50 day simple moving average of $75.78 and a 200 day simple moving average of $75.24.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The company had revenue of $806.90 million for the quarter, compared to analyst estimates of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. On average, equities research analysts anticipate that Knife River Co. will post 3.64 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.