Harbor Capital Advisors Inc. Boosts Stock Holdings in Knife River Co. (NYSE:KNF)

Harbor Capital Advisors Inc. grew its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 34.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 51,359 shares of the company's stock after acquiring an additional 13,199 shares during the period. Harbor Capital Advisors Inc. owned about 0.09% of Knife River worth $5,220,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of KNF. Victory Capital Management Inc. lifted its stake in shares of Knife River by 21.2% in the second quarter. Victory Capital Management Inc. now owns 16,477 shares of the company's stock worth $1,156,000 after acquiring an additional 2,878 shares during the period. Arizona State Retirement System lifted its position in shares of Knife River by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 15,048 shares of the company's stock worth $1,055,000 after purchasing an additional 280 shares during the period. Private Advisor Group LLC boosted its stake in shares of Knife River by 8.5% in the 2nd quarter. Private Advisor Group LLC now owns 15,014 shares of the company's stock valued at $1,053,000 after purchasing an additional 1,177 shares during the last quarter. American Century Companies Inc. increased its position in shares of Knife River by 138.6% during the second quarter. American Century Companies Inc. now owns 65,946 shares of the company's stock worth $4,625,000 after buying an additional 38,313 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Knife River during the second quarter worth $96,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Loop Capital cut their price target 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. DA Davidson upped their target price on Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, Oppenheimer lifted their target price on 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $103.75.

Knife River Stock Down 3.1 %

Knife River stock traded down $3.01 during mid-day trading on Friday, reaching $95.23. The stock had a trading volume of 512,396 shares, compared to its average volume of 534,416. The firm has a market capitalization of $5.39 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.81 and a beta of 0.78. Knife River Co. has a fifty-two week low of $61.82 and a fifty-two week high of $108.39. The stock's 50-day simple moving average is $100.89 and its 200-day simple moving average is $88.20. 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 (NYSE:KNF - Get Free Report) last posted 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). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $2.58 EPS. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts forecast that Knife River Co. will post 3.49 EPS for the current fiscal year.

Knife River 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.