Prudential Financial Inc. Has $2.27 Million Stock Position in Knife River Co. (NYSE:KNF)

Prudential Financial Inc. lowered its holdings in Knife River Co. (NYSE:KNF - Free Report) by 64.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,326 shares of the company's stock after selling 40,361 shares during the period. Prudential Financial Inc.'s holdings in Knife River were worth $2,269,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in shares of Knife River by 1,200.8% in the 4th quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock worth $90,224,000 after purchasing an additional 819,439 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Knife River in the fourth quarter worth $14,600,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Knife River in the third quarter valued at $10,267,000. Barclays PLC boosted its holdings in shares of Knife River by 156.2% during the third quarter. Barclays PLC now owns 170,101 shares of the company's stock valued at $15,205,000 after acquiring an additional 103,713 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Knife River by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company's stock worth $18,695,000 after acquiring an additional 49,785 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNF has been the subject of a number of analyst reports. Oppenheimer boosted their target price on shares of Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Stephens reiterated an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Finally, Wells Fargo & Company began coverage on Knife River in a report on Monday, March 10th. They issued an "overweight" rating and a $102.00 price objective for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $110.40.

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Knife River Price Performance

Shares of Knife River stock traded down $2.61 during trading on Tuesday, hitting $82.08. The stock had a trading volume of 634,423 shares, compared to its average volume of 413,049. The business has a fifty day moving average of $94.65 and a two-hundred day moving average of $96.92. The firm has a market cap of $4.65 billion, a P/E ratio of 23.19, 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 Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The firm had revenue of $657.20 million during 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%. On average, sell-side analysts expect that Knife River Co. will post 4.11 earnings per share 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.