Knife River Co. (NYSE:KNF) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 1,200.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 887,680 shares of the company's stock after acquiring an additional 819,439 shares during the quarter. American Century Companies Inc. owned 1.57% of Knife River worth $90,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KNF. Larson Financial Group LLC lifted its stake in Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after buying an additional 157 shares in the last quarter. GAMMA Investing LLC boosted its position in Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after acquiring an additional 227 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Knife River in the 3rd quarter worth approximately $60,000. Lee Danner & Bass Inc. purchased a new position in shares of Knife River during the 4th quarter worth $109,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Stock Down 3.5 %

NYSE KNF traded down $3.26 on Friday, reaching $89.59. The company had a trading volume of 410,420 shares, compared to its average volume of 404,610. 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 Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The firm has a 50-day moving average of $97.57 and a 200-day moving average of $96.62. The firm has a market capitalization of $5.07 billion, a PE ratio of 25.31, a P/E/G ratio of 2.36 and a beta of 0.88.

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Knife River (NYSE:KNF - Get Free Report) last released its quarterly 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. 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 during the quarter, compared to analyst estimates of $655.80 million. On average, equities research analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KNF shares. Wells Fargo & Company initiated coverage on Knife River in a research note on Monday, March 10th. They issued an "overweight" rating and a $102.00 target price for the company. Oppenheimer lifted 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. Finally, Stephens reissued an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Knife River has a consensus rating of "Buy" and an average target price of $110.40.

Knife River Company 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.