Barclays PLC Sells 34,977 Shares of Knife River Co. (NYSE:KNF)

Barclays PLC cut its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 20.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 135,124 shares of the company's stock after selling 34,977 shares during the quarter. Barclays PLC owned 0.24% of Knife River worth $13,734,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KNF. MML Investors Services LLC purchased a new position in shares of Knife River in the third quarter worth about $255,000. Sanctuary Advisors LLC purchased a new position in shares of Knife River in the third quarter worth $365,000. Tidal Investments LLC raised its holdings in Knife River by 125.7% during the 3rd quarter. Tidal Investments LLC now owns 9,623 shares of the company's stock valued at $860,000 after buying an additional 5,360 shares during the last quarter. Franklin Resources Inc. boosted its position in Knife River by 10.5% during the 3rd quarter. Franklin Resources Inc. now owns 421,458 shares of the company's stock valued at $38,201,000 after buying an additional 39,991 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Knife River by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company's stock worth $18,695,000 after acquiring an additional 49,785 shares during the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Stock Down 2.2 %

KNF stock traded down $2.05 during midday trading on Friday, hitting $91.53. The stock had a trading volume of 80,455 shares, compared to its average volume of 472,509. 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 firm has a market cap of $5.19 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The business has a 50-day moving average of $91.84 and a two-hundred day moving average of $97.04. Knife River Co. has a 52-week low of $66.13 and a 52-week 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 the consensus estimate of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. As a group, equities research analysts forecast that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KNF. Stephens reiterated an "overweight" rating and set a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company started coverage on Knife River in a report on Monday, March 10th. They set an "overweight" rating and a $102.00 target price for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River has a consensus rating of "Buy" and an average price target of $110.40.

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.