Knife River Co. (NYSE:KNF) Shares Acquired by Congress Asset Management Co.

Congress Asset Management Co. raised its stake in Knife River Co. (NYSE:KNF - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 696,245 shares of the company's stock after purchasing an additional 16,698 shares during the quarter. Congress Asset Management Co. owned about 1.23% of Knife River worth $70,766,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in Knife River by 10.5% in the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company's stock valued at $38,201,000 after purchasing an additional 39,991 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Knife River by 34.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company's stock worth $5,220,000 after acquiring an additional 13,199 shares during the last quarter. Cerity Partners LLC increased its position in shares of Knife River by 24.4% during the third quarter. Cerity Partners LLC now owns 25,487 shares of the company's stock worth $2,278,000 after acquiring an additional 5,004 shares during the last quarter. State Street Corp increased its position in shares of Knife River by 1.8% during the third quarter. State Street Corp now owns 2,003,069 shares of the company's stock worth $179,054,000 after acquiring an additional 34,646 shares during the last quarter. Finally, Ausbil Investment Management Ltd increased its position in shares of Knife River by 599.5% during the third quarter. Ausbil Investment Management Ltd now owns 19,579 shares of the company's stock worth $1,750,000 after acquiring an additional 16,780 shares during the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Stock Down 1.9 %

Knife River stock traded down $1.98 during midday trading on Wednesday, hitting $103.02. The stock had a trading volume of 306,327 shares, compared to its average volume of 426,014. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market cap of $5.83 billion, a P/E ratio of 29.10, a P/E/G ratio of 2.35 and a beta of 0.76. Knife River Co. has a 12 month low of $66.13 and a 12 month high of $108.83. The business has a fifty day moving average price of $102.31 and a 200 day moving average price of $93.34.

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 analysts' consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. Research analysts predict that Knife River Co. will post 4.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Oppenheimer lifted their target price on Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Loop Capital dropped their target price on Knife River from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Stephens reaffirmed an "overweight" rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Finally, DA Davidson lifted their target price on Knife River from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Knife River currently has a consensus rating of "Moderate Buy" and an average price target of $112.50.

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.