Heartland Advisors Inc. Sells 15,000 Shares of Knife River Co. (NYSE:KNF)

Heartland Advisors Inc. reduced its holdings in Knife River Co. (NYSE:KNF) by 25.0% during the 4th quarter, Holdings Channel reports. The fund owned 45,000 shares of the company’s stock after selling 15,000 shares during the quarter. Heartland Advisors Inc.’s holdings in Knife River were worth $4,574,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Larson Financial Group LLC lifted its holdings in 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 buying an additional 157 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after purchasing an additional 227 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Knife River in the fourth quarter valued at approximately $109,000. Jones Financial Companies Lllp lifted its position in Knife River by 40.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after acquiring an additional 476 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Knife River during the fourth quarter worth about $203,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Down 3.5 %

Shares of NYSE:KNF opened at $89.59 on Friday. The company has a market capitalization of $5.07 billion, a P/E ratio of 25.31, a P/E/G ratio of 2.36 and a beta of 0.88. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The business’s 50 day simple moving average is $97.26 and its 200 day simple moving average is $96.72.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. On average, research analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.