Knife River Co. (NYSE:KNF) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in shares of Knife River Co. (NYSE:KNF) by 14.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,689,356 shares of the company’s stock after selling 275,607 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Knife River were worth $171,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of Knife River by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock worth $62,513,000 after purchasing an additional 5,791 shares in the last quarter. Citigroup Inc. increased its position in Knife River by 222.9% during the third quarter. Citigroup Inc. now owns 51,425 shares of the company’s stock worth $4,597,000 after buying an additional 35,497 shares during the period. Cerity Partners LLC lifted its stake in Knife River by 24.4% in the third quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after buying an additional 5,004 shares during the last quarter. Independent Advisor Alliance acquired a new stake in shares of Knife River in the third quarter valued at approximately $232,000. Finally, FMR LLC grew its position in shares of Knife River by 90.6% during the third quarter. FMR LLC now owns 12,091 shares of the company’s stock worth $1,081,000 after acquiring an additional 5,746 shares during the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KNF has been the subject of several research reports. Oppenheimer upped their price target on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Wells Fargo & Company started coverage on shares of Knife River in a research note on Monday, March 10th. They set an “overweight” rating and a $102.00 target price for the company. Finally, Stephens restated an “overweight” rating and issued a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $110.40.

Knife River Trading Down 3.5 %

Shares of Knife River stock opened at $89.59 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company’s 50-day simple moving average is $97.26 and its 200-day simple moving average is $96.86.

Knife River (NYSE:KNF) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. As a group, equities research analysts anticipate 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.