NewEdge Advisors LLC Purchases 4,525 Shares of Knife River Co. (NYSE:KNF)

NewEdge Advisors LLC increased its holdings in Knife River Co. (NYSE:KNF - Free Report) by 24.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,876 shares of the company's stock after acquiring an additional 4,525 shares during the period. NewEdge Advisors LLC's holdings in Knife River were worth $2,325,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KNF. Arizona State Retirement System increased its position in Knife River by 0.8% in the fourth quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock worth $1,586,000 after buying an additional 124 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares in the last quarter. Private Advisor Group LLC boosted its stake in Knife River by 1.1% in the 4th quarter. Private Advisor Group LLC now owns 15,696 shares of the company's stock worth $1,595,000 after purchasing an additional 170 shares during the period. Bragg Financial Advisors Inc increased its position in shares of Knife River by 0.4% during the fourth quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company's stock valued at $4,611,000 after buying an additional 185 shares during the period. Finally, Natixis Advisors LLC lifted its holdings in shares of Knife River by 1.6% in the fourth quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock worth $1,346,000 after buying an additional 203 shares in the last quarter. Institutional investors own 80.11% of the company's stock.

Knife River Trading Down 1.2 %

Shares of Knife River stock traded down $1.12 during trading on Friday, reaching $92.46. The company's stock had a trading volume of 332,551 shares, compared to its average volume of 421,256. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The firm's 50-day moving average is $91.84 and its two-hundred day moving average is $97.04. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.36 and a beta of 0.97.

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

Wall Street Analyst Weigh In

KNF has been the topic of a number of recent analyst reports. Wells Fargo & Company started coverage on Knife River in a research report on Monday, March 10th. They issued an "overweight" rating and a $102.00 price objective on the stock. Stephens reiterated an "overweight" rating and issued a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price 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.