F M Investments LLC Has $5.46 Million Stake in Knife River Co. (NYSE:KNF)

F M Investments LLC decreased its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 57.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,761 shares of the company's stock after selling 73,352 shares during the period. F M Investments LLC owned about 0.09% of Knife River worth $5,464,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of Knife River by 58.6% during 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 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. acquired a new stake in shares of Knife River in the 4th quarter valued at approximately $109,000. Physician Wealth Advisors Inc. bought a new stake in shares of Knife River during the 4th quarter valued at approximately $114,000. Finally, Jones Financial Companies Lllp lifted its stake in Knife River by 40.2% in the 4th 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 last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Trading Up 1.2 %

NYSE:KNF traded up $1.12 on Tuesday, reaching $95.12. 97,867 shares of the stock traded hands, compared to its average volume of 415,893. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. 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 company's 50 day moving average is $93.52 and its 200-day moving average is $97.03.

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Knife River (NYSE:KNF - Get Free Report) last issued its quarterly 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 net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $657.20 million for the quarter, compared to analysts' expectations of $655.80 million. Equities research analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analysts Set New Price Targets

KNF has been the subject of a number of research reports. Wells Fargo & Company initiated coverage on Knife River in a research note on Monday, March 10th. They issued an "overweight" rating and a $102.00 price target for the company. Stephens reaffirmed an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River has an average rating of "Buy" and a consensus target price of $110.40.

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.