Caisse Des Depots ET Consignations purchased a new stake in Knife River Co. (NYSE:KNF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,110 shares of the company's stock, valued at approximately $1,129,000.
Several other large investors have also modified their holdings of the business. Arizona State Retirement System lifted its stake in Knife River by 0.8% in the 4th quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock valued at $1,586,000 after buying an additional 124 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after acquiring an additional 157 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Knife River by 1.1% during the fourth quarter. Private Advisor Group LLC now owns 15,696 shares of the company's stock valued at $1,595,000 after acquiring an additional 170 shares during the last quarter. Natixis Advisors LLC increased its position in Knife River by 1.6% during the 4th quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock worth $1,346,000 after purchasing an additional 203 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after purchasing an additional 227 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
KNF has been the subject of a number of recent research reports. Stephens reiterated an "overweight" rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company assumed coverage on shares of Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 target price on the stock. Finally, Oppenheimer boosted their price target on Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $110.40.
Get Our Latest Analysis on KNF
Knife River Trading Up 1.4 %
Shares of KNF traded up $1.25 during mid-day trading on Tuesday, hitting $91.46. The company had a trading volume of 77,389 shares, compared to its average volume of 453,162. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. The business's 50-day simple moving average is $96.97 and its 200-day simple moving average is $97.05. The stock has a market cap of $5.18 billion, a PE ratio of 25.83, a P/E/G ratio of 2.36 and a beta of 0.88. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45.
Knife River (NYSE:KNF - Get Free Report) last announced 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. The company had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. Sell-side analysts forecast that Knife River Co. will post 4.11 earnings per share for the current year.
Knife River Company Profile
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Free Report)
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.
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