Lisanti Capital Growth LLC Sells 6,570 Shares of Knife River Co. (NYSE:KNF)

Lisanti Capital Growth LLC lessened its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 14.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,185 shares of the company's stock after selling 6,570 shares during the quarter. Lisanti Capital Growth LLC owned about 0.07% of Knife River worth $3,592,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KNF. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Knife River by 12.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company's stock valued at $144,785,000 after buying an additional 224,373 shares in the last quarter. Hood River Capital Management LLC grew its position in shares of Knife River by 5.3% in the 2nd quarter. Hood River Capital Management LLC now owns 761,001 shares of the company's stock worth $53,377,000 after acquiring an additional 38,152 shares in the last quarter. Congress Asset Management Co. lifted its position in shares of Knife River by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 679,547 shares of the company's stock worth $60,745,000 after buying an additional 65,930 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Knife River by 0.3% in the 3rd quarter. US Bancorp DE now owns 423,337 shares of the company's stock worth $37,842,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of Knife River by 37.5% in the 2nd quarter. Federated Hermes Inc. now owns 384,215 shares of the company's stock worth $26,949,000 after acquiring an additional 104,720 shares during the period. Hedge funds and other institutional investors own 80.11% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on KNF shares. DA Davidson boosted their target price on Knife River from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Oppenheimer lifted their price objective on shares of Knife River from $85.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, Loop Capital cut their target price on shares of Knife River from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $93.67.

Knife River Stock Down 2.3 %

NYSE:KNF traded down $2.28 on Monday, hitting $98.82. 279,579 shares of the company's stock traded hands, compared to its average volume of 384,347. The company has a market cap of $5.59 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 2.72 and a beta of 0.74. Knife River Co. has a 1 year low of $55.06 and a 1 year high of $103.33. The company has a current ratio of 2.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $89.05 and a 200-day moving average price of $79.37.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts' consensus estimates of $2.82 by ($0.22). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.58 EPS. Equities analysts anticipate that Knife River Co. will post 3.57 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.