Franklin Resources Inc. Has $38.20 Million Holdings in Knife River Co. (NYSE:KNF)

Franklin Resources Inc. increased its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 421,458 shares of the company's stock after buying an additional 39,991 shares during the period. Franklin Resources Inc. owned 0.74% of Knife River worth $38,201,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KNF. GAMMA Investing LLC grew its position in shares of Knife River by 129.4% in the third quarter. GAMMA Investing LLC now owns 312 shares of the company's stock valued at $28,000 after purchasing an additional 176 shares during the last quarter. Huntington National Bank grew its holdings in Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company's stock valued at $31,000 after buying an additional 293 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Knife River in the 2nd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Knife River during the 2nd quarter worth $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Knife River during the third quarter worth $60,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. DA Davidson upped their price target on shares of Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Loop Capital decreased their target price on shares of Knife River from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, Oppenheimer lifted their price target on shares of Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $95.33.

Knife River Price Performance

Shares of NYSE KNF traded down $3.93 during trading hours on Wednesday, hitting $100.92. 686,865 shares of the stock were exchanged, compared to its average volume of 390,936. Knife River Co. has a 1-year low of $61.50 and a 1-year high of $108.39. The company has a market cap of $5.71 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 2.90 and a beta of 0.70. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The company's fifty day simple moving average is $98.31 and its two-hundred day simple moving average is $84.42.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.22). The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.58 EPS. On average, sell-side analysts predict that Knife River Co. will post 3.49 EPS for the current year.

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.