JPMorgan Chase & Co. Increases Stock Holdings in Knife River Co. (NYSE:KNF)

JPMorgan Chase & Co. increased its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 247,541 shares of the company's stock after purchasing an additional 38,405 shares during the quarter. JPMorgan Chase & Co. owned 0.44% of Knife River worth $25,160,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KNF. Larson Financial Group LLC lifted its stake in Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after buying an additional 157 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after acquiring an additional 227 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Knife River during the fourth quarter valued at $109,000. Jones Financial Companies Lllp boosted its stake in shares of Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock valued at $169,000 after acquiring an additional 476 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Knife River in the 4th quarter valued at about $203,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Trading Up 1.5 %

KNF traded up $1.40 during midday trading on Tuesday, hitting $95.40. The company's stock had a trading volume of 26,434 shares, compared to its average volume of 477,212. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $93.52 and a two-hundred day moving average price of $97.03. The firm has a market cap of $5.40 billion, a P/E ratio of 26.87, a PEG ratio of 2.36 and a beta of 0.97.

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Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate 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. On average, research analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on KNF. Stephens reissued an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company initiated coverage on shares of Knife River in a research note on Monday, March 10th. They issued an "overweight" rating and a $102.00 target price for the company. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $110.40.

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.