Knife River Co. (NYSE:KNF) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 93.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 798 shares of the company's stock after selling 11,462 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Knife River were worth $71,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in KNF. Angeles Wealth Management LLC boosted its stake in Knife River by 1.5% in the third quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company's stock valued at $760,000 after acquiring an additional 125 shares in the last quarter. Sittner & Nelson LLC grew its stake in Knife River by 18.5% during the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company's stock worth $86,000 after buying an additional 150 shares during the last quarter. Covestor Ltd increased its position in Knife River by 13.2% during the third quarter. Covestor Ltd now owns 1,288 shares of the company's stock worth $115,000 after buying an additional 150 shares during the period. GAMMA Investing LLC lifted its stake in Knife River by 129.4% in the third quarter. GAMMA Investing LLC now owns 312 shares of the company's stock valued at $28,000 after buying an additional 176 shares during the last quarter. Finally, LVW Advisors LLC boosted its holdings in shares of Knife River by 3.3% in the third quarter. LVW Advisors LLC now owns 6,027 shares of the company's stock valued at $539,000 after acquiring an additional 195 shares during the period. Hedge funds and other institutional investors own 80.11% of the company's stock.

Wall Street Analyst Weigh In

KNF has been the topic of a number of recent research reports. Oppenheimer lifted their target price on shares of Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Loop Capital dropped their price target on Knife River from $105.00 to $100.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, DA Davidson lifted their price objective on shares of Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Knife River currently has a consensus rating of "Moderate Buy" and an average price target of $95.33.

Knife River Price Performance

Shares of NYSE KNF traded down $3.08 during midday trading on Monday, hitting $102.63. The company had a trading volume of 530,032 shares, compared to its average volume of 396,698. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The business has a 50-day simple moving average of $99.12 and a two-hundred day simple moving average of $85.28. Knife River Co. has a twelve month low of $61.50 and a twelve month high of $108.39. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 2.90 and a beta of 0.71.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share 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 business's revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 EPS. Equities research analysts anticipate that Knife River Co. will post 3.49 earnings per share for the current 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.