Loomis Sayles & Co. L P Sells 16,837 Shares of Knife River Co. (NYSE:KNF)

Loomis Sayles & Co. L P decreased its holdings in Knife River Co. (NYSE:KNF - Free Report) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 643,388 shares of the company's stock after selling 16,837 shares during the quarter. Loomis Sayles & Co. L P owned 1.14% of Knife River worth $65,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KNF. JPMorgan Chase & Co. increased its position in shares of Knife River by 18.4% in the fourth quarter. JPMorgan Chase & Co. now owns 247,541 shares of the company's stock worth $25,160,000 after purchasing an additional 38,405 shares during the period. EntryPoint Capital LLC bought a new position in Knife River in the fourth quarter valued at about $230,000. Segall Bryant & Hamill LLC bought a new position in shares of Knife River in the fourth quarter worth about $12,786,000. Congress Wealth Management LLC DE boosted its stake in shares of Knife River by 6.7% in the 4th quarter. Congress Wealth Management LLC DE now owns 89,248 shares of the company's stock valued at $9,071,000 after purchasing an additional 5,613 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Knife River by 6.8% during the 4th quarter. LPL Financial LLC now owns 103,186 shares of the company's stock valued at $10,488,000 after purchasing an additional 6,567 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Trading Down 0.7 %

Shares of NYSE KNF traded down $0.64 during midday trading on Monday, reaching $89.02. The stock had a trading volume of 84,988 shares, compared to its average volume of 403,407. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The company's 50 day moving average price is $97.26 and its 200 day moving average price is $96.99. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88.

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

Analyst Ratings Changes

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

About Knife River

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.