Brant Point Investment Management LLC Lowers Stake in Knife River Co. (NYSE:KNF)

Brant Point Investment Management LLC trimmed its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 23.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 44,700 shares of the company's stock after selling 13,766 shares during the period. Brant Point Investment Management LLC owned approximately 0.08% of Knife River worth $4,543,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in shares of Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after buying an additional 157 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after purchasing an additional 227 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Knife River during the 4th quarter valued at $109,000. Physician Wealth Advisors Inc. purchased a new position in Knife River during the fourth quarter valued at $114,000. Finally, Jones Financial Companies Lllp grew its holdings in Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock valued at $169,000 after purchasing an additional 476 shares during the period. 80.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KNF has been the topic of several analyst reports. Wells Fargo & Company began coverage on shares of Knife River in a report on Monday, March 10th. They set an "overweight" rating and a $102.00 price target on the stock. Stephens reissued an "overweight" rating and set a $120.00 target price 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, the company currently has a consensus rating of "Buy" and an average price target of $110.40.

Knife River Stock Up 3.9 %

KNF stock traded up $3.43 on Wednesday, hitting $91.78. 214,769 shares of the company's stock were exchanged, compared to its average volume of 418,944. The firm has a 50 day moving average price of $92.25 and a two-hundred day moving average price of $97.06. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83. The stock has a market cap of $5.20 billion, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS 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 during the quarter, compared to analysts' expectations of $655.80 million. As a group, equities research analysts expect that Knife River Co. will post 4.11 EPS for the current fiscal year.

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.