Ausbil Investment Management Ltd Has $138,000 Stock Position in Knife River Co. (NYSE:KNF)

Ausbil Investment Management Ltd lessened its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 93.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,367 shares of the company's stock after selling 18,212 shares during the period. Ausbil Investment Management Ltd's holdings in Knife River were worth $138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in shares of Knife River by 10.5% during the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company's stock worth $38,201,000 after acquiring an additional 39,991 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Knife River by 34.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company's stock worth $5,220,000 after buying an additional 13,199 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Knife River by 24.4% in the 3rd quarter. Cerity Partners LLC now owns 25,487 shares of the company's stock worth $2,278,000 after acquiring an additional 5,004 shares during the period. Chesapeake Capital Corp IL purchased a new stake in shares of Knife River in the third quarter valued at about $567,000. Finally, Charles Schwab Investment Management Inc. raised its stake 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 buying an additional 5,791 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KNF shares. DA Davidson lifted their price target on shares of Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Loop Capital lowered their target price on shares of Knife River from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, 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 report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.75.

Knife River Stock Performance

Shares of NYSE KNF traded up $0.21 during midday trading on Tuesday, hitting $102.60. 138,801 shares of the company's stock were exchanged, compared to its average volume of 401,975. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. Knife River Co. has a twelve month low of $65.65 and a twelve month high of $108.83. The stock's 50 day moving average price is $102.69 and its 200-day moving average price is $91.51. The firm has a market cap of $5.81 billion, a P/E ratio of 29.37, a PEG ratio of 2.39 and a beta of 0.76.

Knife River (NYSE:KNF - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The firm's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.58 EPS. Equities research analysts anticipate that Knife River Co. will post 3.49 EPS for the current 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.