Unified Investment Management Purchases Shares of 6,347 Knife River Co. (NYSE:KNF)

Unified Investment Management bought a new stake in Knife River Co. (NYSE:KNF - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,347 shares of the company's stock, valued at approximately $645,000.

A number of other large investors have also added to or reduced their stakes in the business. Huntington National Bank grew its position in Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company's stock valued at $31,000 after buying an additional 293 shares during the period. GAMMA Investing LLC lifted its position in 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 acquiring an additional 227 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Knife River in the third quarter worth approximately $60,000. Sittner & Nelson LLC lifted its holdings in shares of Knife River by 18.5% in the third quarter. Sittner & Nelson LLC now owns 960 shares of the company's stock worth $86,000 after buying an additional 150 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Knife River by 13.2% in the third quarter. Covestor Ltd now owns 1,288 shares of the company's stock valued at $115,000 after purchasing an additional 150 shares during the period. Institutional investors own 80.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. DA Davidson upped their price objective on shares of Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Oppenheimer upped their price target on shares of Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Stephens reiterated an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Knife River presently has a consensus rating of "Moderate Buy" and a consensus price target of $112.50.

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Knife River Price Performance

Shares of KNF stock traded down $2.61 during trading hours on Thursday, reaching $88.38. The stock had a trading volume of 353,795 shares, compared to its average volume of 426,470. The stock's fifty day simple moving average is $100.28 and its 200 day simple moving average is $95.06. 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 firm has a market capitalization of $5.00 billion, a PE ratio of 24.97, a PEG ratio of 2.36 and a beta of 0.76. Knife River Co. has a 12 month low of $66.13 and a 12 month high of $108.83.

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