Golden State Wealth Management LLC Purchases Shares of 3,758 Knife River Co. (NYSE:KNF)

Golden State Wealth Management LLC purchased a new stake in Knife River Co. (NYSE:KNF - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 3,758 shares of the company's stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. abrdn plc bought a new stake in shares of Knife River in the 3rd quarter valued at $22,934,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Knife River in the third quarter valued at about $10,267,000. Barclays PLC increased its holdings in shares of Knife River by 156.2% in the third quarter. Barclays PLC now owns 170,101 shares of the company's stock worth $15,205,000 after acquiring an additional 103,713 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Knife River by 12,902.2% in the third quarter. International Assets Investment Management LLC now owns 71,512 shares of the company's stock worth $6,392,000 after acquiring an additional 70,962 shares in the last quarter. Finally, Congress Asset Management Co. raised its position in shares of Knife River by 10.7% during the third quarter. Congress Asset Management Co. now owns 679,547 shares of the company's stock worth $60,745,000 after purchasing an additional 65,930 shares during the period. Institutional investors own 80.11% of the company's stock.

Knife River Stock Down 1.7 %

Knife River stock traded down $1.75 during midday trading on Friday, reaching $102.75. The stock had a trading volume of 363,013 shares, compared to its average volume of 339,194. The stock has a market capitalization of $5.82 billion, a P/E ratio of 29.44, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76. The firm's fifty day simple moving average is $102.64 and its 200-day simple moving average is $92.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. Knife River Co. has a 1-year low of $65.67 and a 1-year high of $108.83.

Analyst Ratings Changes

KNF has been the subject of several research analyst reports. DA Davidson boosted their price objective on Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Loop Capital reduced their price target on shares of Knife River from $105.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, Oppenheimer raised their price objective on shares of Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Knife River presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.75.

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.