Financial Engines Advisors L.L.C. Sells 836 Shares of Knife River Co. (NYSE:KNF)

Financial Engines Advisors L.L.C. lessened its holdings in shares of Knife River Co. (NYSE:KNF) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,342 shares of the company’s stock after selling 836 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Knife River were worth $543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new stake in shares of Knife River in the 3rd quarter worth about $920,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Knife River by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock worth $62,513,000 after acquiring an additional 5,791 shares during the period. Citigroup Inc. raised its position in shares of Knife River by 222.9% in the 3rd quarter. Citigroup Inc. now owns 51,425 shares of the company’s stock worth $4,597,000 after acquiring an additional 35,497 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Knife River by 24.4% during the third quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after purchasing an additional 5,004 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Knife River in the third quarter worth $60,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Knife River in a report on Monday, March 10th. They set an “overweight” rating and a $102.00 target price on the stock. Stephens restated an “overweight” rating and issued a $120.00 price objective on shares of Knife River in a report on Friday, February 14th. Finally, Oppenheimer lifted their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $110.40.

Knife River Stock Performance

Shares of Knife River stock opened at $92.94 on Friday. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The firm’s 50-day moving average is $97.57 and its 200 day moving average is $96.62. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 2.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64.

Knife River (NYSE:KNF) last posted its quarterly 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. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. Sell-side analysts anticipate that Knife River Co. will post 4.11 EPS 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.