California Public Employees Retirement System Has $9.17 Million Stock Holdings in Knife River Co. (NYSE:KNF)

California Public Employees Retirement System trimmed its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,180 shares of the company's stock after selling 6,118 shares during the quarter. California Public Employees Retirement System owned 0.16% of Knife River worth $9,166,000 as of its most recent filing with the Securities and Exchange Commission.

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

Knife River Trading Up 4.7 %

Shares of Knife River stock traded up $4.20 during trading on Friday, hitting $93.47. 836,541 shares of the company were exchanged, compared to its average volume of 417,617. The firm has a market capitalization of $5.29 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The firm's fifty day moving average price is $93.69 and its 200 day moving average price is $96.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83.

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Knife River (NYSE:KNF - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The firm 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, sell-side analysts expect that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KNF has been the topic of several research analyst reports. Oppenheimer increased their target price on Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Stephens reissued an "overweight" rating and set a $120.00 price objective on shares of Knife River in a report on Friday, February 14th. Finally, Wells Fargo & Company started 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 for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $110.40.

About Knife River

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.