Harvest Fund Management Co. Ltd Has $708,000 Stock Holdings in Knife River Co. (NYSE:KNF)

Harvest Fund Management Co. Ltd boosted its holdings in Knife River Co. (NYSE:KNF - Free Report) by 933.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,956 shares of the company's stock after buying an additional 6,283 shares during the period. Harvest Fund Management Co. Ltd's holdings in Knife River were worth $708,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments Inc boosted its stake in shares of Knife River by 26.9% in the third quarter. Atria Investments Inc now owns 5,258 shares of the company's stock valued at $470,000 after purchasing an additional 1,116 shares during the period. KBC Group NV grew its holdings in Knife River by 23.1% during the 3rd quarter. KBC Group NV now owns 1,763 shares of the company's stock worth $158,000 after acquiring an additional 331 shares in the last quarter. Royce & Associates LP bought a new stake in Knife River in the third quarter valued at about $1,028,000. Thrivent Financial for Lutherans raised its position in shares of Knife River by 36.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 78,803 shares of the company's stock valued at $7,045,000 after acquiring an additional 21,142 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Knife River during the third quarter worth $920,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Trading Up 0.4 %

KNF traded up $0.36 during trading on Tuesday, reaching $97.01. The company had a trading volume of 366,023 shares, compared to its average volume of 388,074. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.36 and a beta of 0.88. The firm's 50-day simple moving average is $97.96 and its 200 day simple moving average is $96.49.

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Knife River (NYSE:KNF - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Equities research analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Stephens reissued an "overweight" rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Oppenheimer increased their target price 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. Finally, 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 objective on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company 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.