Knife River Co. (NYSE:KNF) Shares Bought by Boston Partners

Boston Partners raised its position in Knife River Co. (NYSE:KNF - Free Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 235,481 shares of the company's stock after acquiring an additional 4,815 shares during the quarter. Boston Partners owned approximately 0.42% of Knife River worth $24,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KNF. Franklin Resources Inc. increased its holdings in shares of Knife River by 10.5% in the 3rd quarter. Franklin Resources Inc. now owns 421,458 shares of the company's stock valued at $38,201,000 after acquiring an additional 39,991 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in Knife River by 34.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company's stock valued at $5,220,000 after purchasing an additional 13,199 shares during the last quarter. Cerity Partners LLC raised its holdings in Knife River by 24.4% during the third quarter. Cerity Partners LLC now owns 25,487 shares of the company's stock worth $2,278,000 after purchasing an additional 5,004 shares in the last quarter. State Street Corp raised its holdings in Knife River by 1.8% during the third quarter. State Street Corp now owns 2,003,069 shares of the company's stock worth $179,054,000 after purchasing an additional 34,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Knife River by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company's stock worth $62,513,000 after buying an additional 5,791 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company's stock.

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Knife River Stock Performance

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

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on KNF. Oppenheimer lifted their price target on shares of Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Stephens reiterated an "overweight" rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Finally, Wells Fargo & Company initiated coverage on Knife River in a research report 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, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.