Knife River Co. (NYSE:KNF) Shares Purchased by Boston Partners

Boston Partners boosted its stake in shares of Knife River Co. (NYSE:KNF) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 235,481 shares of the company’s stock after purchasing an additional 4,815 shares during the quarter. Boston Partners’ holdings in Knife River were worth $24,107,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KNF. Larson Financial Group LLC raised its holdings in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the period. GAMMA Investing LLC grew its stake in shares of Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after buying an additional 227 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Knife River during the 3rd quarter worth approximately $60,000. KBC Group NV increased its holdings in shares of Knife River by 23.1% during the 3rd quarter. KBC Group NV now owns 1,763 shares of the company’s stock worth $158,000 after buying an additional 331 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of 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 buying an additional 476 shares during the period. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Oppenheimer raised their target price on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Wells Fargo & Company initiated coverage on Knife River in a research report on Monday, March 10th. They set an “overweight” rating and a $102.00 price objective for the company. Finally, Stephens reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $110.40.

Knife River Trading Down 5.0 %

Shares of NYSE KNF opened at $90.78 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.14 billion, a PE ratio of 25.64, a PEG ratio of 2.36 and a beta of 0.88. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The stock has a fifty day simple moving average of $98.01 and a 200-day simple moving average of $95.96.

Knife River (NYSE:KNF) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. On average, equities analysts forecast that Knife River Co. will post 4.11 earnings per share for the current year.

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.