Knife River Co. (NYSE:KNF) Shares Purchased by Kennedy Capital Management LLC

Kennedy Capital Management LLC grew its stake in Knife River Co. (NYSE:KNF - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 227,534 shares of the company's stock after buying an additional 5,803 shares during the quarter. Knife River accounts for about 0.5% of Kennedy Capital Management LLC's portfolio, making the stock its 23rd largest holding. Kennedy Capital Management LLC owned about 0.40% of Knife River worth $23,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of KNF. Larson Financial Group LLC lifted its holdings in Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after acquiring an additional 157 shares during the period. GAMMA Investing LLC lifted its stake in shares of Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after purchasing an additional 227 shares during the period. Lee Danner & Bass Inc. purchased a new stake in Knife River during the fourth quarter worth $109,000. Physician Wealth Advisors Inc. acquired a new stake in Knife River during the fourth quarter valued at $114,000. Finally, Jones Financial Companies Lllp increased its holdings in Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock valued at $169,000 after buying an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company's stock.

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Wall Street Analysts Forecast Growth

KNF has been the topic of a number of analyst reports. Wells Fargo & Company began coverage on Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 target price on the stock. Stephens reaffirmed an "overweight" rating and set a $120.00 target price on shares of Knife River in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $110.40.

Knife River Price Performance

KNF stock traded up $0.72 during trading on Tuesday, hitting $94.72. The stock had a trading volume of 107,829 shares, compared to its average volume of 415,939. The company's 50-day moving average price is $93.52 and its two-hundred day moving average price is $97.03. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The stock has a market capitalization of $5.37 billion, a P/E ratio of 26.76, a PEG 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 issued 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 firm had revenue of $657.20 million during the quarter, compared to analysts' expectations of $655.80 million. As a group, research analysts predict that Knife River Co. will post 4.11 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.