Barrow Hanley Mewhinney & Strauss LLC Lowers Position in Knife River Co. (NYSE:KNF)

Barrow Hanley Mewhinney & Strauss LLC reduced its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,689,356 shares of the company's stock after selling 275,607 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 2.98% of Knife River worth $171,706,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after purchasing an additional 157 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after buying an additional 227 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Knife River during the fourth quarter valued at about $109,000. Jones Financial Companies Lllp increased its holdings in shares of Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after buying an additional 476 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Knife River in the 4th quarter valued at about $203,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on KNF. Stephens restated an "overweight" rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company initiated coverage on shares of Knife River in a research note on Monday, March 10th. They issued an "overweight" rating and a $102.00 target price on the stock. Finally, 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 report on Friday, December 13th. 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 target price of $110.40.

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Knife River Trading Down 3.4 %

Shares of KNF stock traded down $3.21 during trading hours on Thursday, reaching $92.00. The company's stock had a trading volume of 161,674 shares, compared to its average volume of 404,903. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The stock has a market capitalization of $5.21 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.36 and a beta of 0.89. The firm's fifty day simple moving average is $96.44 and its 200 day simple moving average is $97.09.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $655.80 million. Equities research analysts expect that Knife River Co. will post 4.11 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.