Geode Capital Management LLC Sells 4,832 Shares of Knife River Co. (NYSE:KNF)

Geode Capital Management LLC trimmed its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,332,441 shares of the company's stock after selling 4,832 shares during the period. Geode Capital Management LLC owned 2.35% of Knife River worth $135,460,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of KNF. FMR LLC increased its stake in shares of Knife River by 90.6% in the third quarter. FMR LLC now owns 12,091 shares of the company's stock worth $1,081,000 after purchasing an additional 5,746 shares in the last quarter. HighTower Advisors LLC grew its stake in Knife River by 3.1% in the 3rd quarter. HighTower Advisors LLC now owns 8,500 shares of the company's stock valued at $756,000 after buying an additional 258 shares in the last quarter. Janus Henderson Group PLC grew its stake in Knife River by 15.0% in the 3rd quarter. Janus Henderson Group PLC now owns 25,970 shares of the company's stock valued at $2,323,000 after buying an additional 3,382 shares in the last quarter. Quantinno Capital Management LP lifted its position in shares of Knife River by 9.1% during the third quarter. Quantinno Capital Management LP now owns 5,677 shares of the company's stock worth $507,000 after acquiring an additional 475 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Knife River by 36.3% in the third quarter. Stifel Financial Corp now owns 44,495 shares of the company's stock worth $3,977,000 after acquiring an additional 11,839 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

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Knife River Price Performance

NYSE KNF traded up $4.20 during trading on Friday, reaching $93.47. The company's stock had a trading volume of 836,541 shares, compared to its average volume of 417,617. The firm has a fifty day moving average of $93.69 and a 200 day moving average of $96.94. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The stock has a market capitalization of $5.29 billion, a PE ratio of 26.40, a P/E/G ratio of 2.36 and a beta of 0.97. 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 (NYSE:KNF - Get Free Report) last posted its quarterly earnings data 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. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company had revenue of $657.20 million for the quarter, compared to analysts' expectations of $655.80 million. Analysts expect that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on KNF shares. Stephens reiterated an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company assumed coverage on Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 price target on the stock. Finally, Oppenheimer raised their price objective 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. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target 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.