Congress Wealth Management LLC DE Grows Stock Holdings in Knife River Co. (NYSE:KNF)

Congress Wealth Management LLC DE grew its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,248 shares of the company's stock after purchasing an additional 5,613 shares during the quarter. Congress Wealth Management LLC DE owned approximately 0.16% of Knife River worth $9,071,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC grew its holdings in Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after purchasing an additional 157 shares during the period. GAMMA Investing LLC lifted its position in shares of Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after buying an additional 227 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Knife River during the 3rd quarter worth $60,000. Lee Danner & Bass Inc. purchased a new stake in Knife River in the 4th quarter worth about $109,000. Finally, Jones Financial Companies Lllp raised its stake in Knife River by 40.2% in the 4th 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 period. 80.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KNF shares. Stephens reiterated an "overweight" rating and issued a $120.00 target price on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company started coverage on shares of Knife River in a research note on Monday, March 10th. They issued an "overweight" rating and a $102.00 price objective for the company. Finally, Oppenheimer increased their target price on Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Knife River currently has a consensus rating of "Buy" and an average price target of $110.40.

Knife River Price Performance

NYSE:KNF traded down $3.26 during mid-day trading on Friday, hitting $89.59. 410,420 shares of the stock traded hands, compared to its average volume of 404,610. The business's 50-day moving average price is $97.26 and its 200 day moving average price is $96.86. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.07 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83.

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

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.