Corebridge Financial Inc. decreased its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,914 shares of the company's stock after selling 4,991 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of Knife River worth $9,342,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Knife River by 1.8% during the 3rd quarter. State Street Corp now owns 2,003,069 shares of the company's stock worth $179,054,000 after buying an additional 34,646 shares during the last quarter. Geode Capital Management LLC lifted its position in Knife River by 2.0% in the third quarter. Geode Capital Management LLC now owns 1,337,273 shares of the company's stock valued at $119,561,000 after acquiring an additional 26,198 shares during the last quarter. American Century Companies Inc. boosted its stake in Knife River by 1,200.8% in the fourth quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock valued at $90,224,000 after acquiring an additional 819,439 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Knife River by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company's stock worth $62,513,000 after purchasing an additional 5,791 shares during the last quarter. Finally, Congress Asset Management Co. increased its position in shares of Knife River by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 696,245 shares of the company's stock worth $70,766,000 after purchasing an additional 16,698 shares in the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.
Knife River Stock Performance
KNF traded up $0.69 on Monday, hitting $90.35. 555,066 shares of the company traded hands, compared to its average volume of 405,209. The company has a 50 day moving average of $96.97 and a 200-day moving average of $97.05. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83. The stock has a market capitalization of $5.11 billion, a PE ratio of 25.52, a PEG 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 issued its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping 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 return on equity of 14.82% and a net margin of 6.96%. Sell-side analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages recently issued reports on KNF. Stephens reissued an "overweight" rating and issued a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Oppenheimer increased their price objective on Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Wells Fargo & Company began coverage on shares of Knife River in a report on Monday, March 10th. They issued an "overweight" rating and a $102.00 target price on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $110.40.
Read Our Latest Report on Knife River
About Knife River
(
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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