Knife River Co. (NYSE:KNF) Shares Acquired by LPL Financial LLC

LPL Financial LLC raised its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,186 shares of the company's stock after acquiring an additional 6,567 shares during the period. LPL Financial LLC owned approximately 0.18% of Knife River worth $10,488,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in KNF. 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 buying an additional 157 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after acquiring an additional 227 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Knife River in the fourth quarter valued at $109,000. Jones Financial Companies Lllp boosted its holdings in Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock valued at $169,000 after purchasing an additional 476 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in Knife River during the 4th quarter worth $203,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Stock Down 3.1 %

KNF stock traded down $2.61 during trading on Tuesday, hitting $82.08. 634,423 shares of the company's stock were exchanged, compared to its average volume of 413,049. The business has a 50-day moving average price of $94.65 and a two-hundred day moving average price of $96.92. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.36 and a beta of 0.97. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83.

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Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 net margin of 6.96% and a return on equity of 14.82%. As a group, equities research analysts expect that Knife River Co. will post 4.11 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KNF. Oppenheimer lifted their price objective on Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Wells Fargo & Company began coverage on shares of Knife River in a research note on Monday, March 10th. They issued an "overweight" rating and a $102.00 price target for the company. Finally, Stephens reissued an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Five analysts have rated the stock with a buy rating, Based on 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.