MetLife Investment Management LLC Buys 4,999 Shares of Knife River Co. (NYSE:KNF)

MetLife Investment Management LLC grew its stake in Knife River Co. (NYSE:KNF - Free Report) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,360 shares of the company's stock after acquiring an additional 4,999 shares during the quarter. MetLife Investment Management LLC owned 0.12% of Knife River worth $6,643,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors lifted its stake in shares of Knife River by 45.2% in the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock worth $196,829,000 after buying an additional 603,170 shares in the last quarter. Alliancebernstein L.P. lifted its position in Knife River by 830.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock valued at $111,965,000 after acquiring an additional 983,223 shares in the last quarter. American Century Companies Inc. boosted its stake in Knife River by 1,200.8% during the 4th quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock valued at $90,224,000 after purchasing an additional 819,439 shares during the last quarter. Invesco Ltd. boosted its stake in Knife River by 83.7% during the 4th quarter. Invesco Ltd. now owns 879,796 shares of the company's stock valued at $89,422,000 after purchasing an additional 400,954 shares during the last quarter. Finally, Congress Asset Management Co. increased its holdings in shares of Knife River by 2.5% in the 4th quarter. Congress Asset Management Co. now owns 696,245 shares of the company's stock worth $70,766,000 after purchasing an additional 16,698 shares in the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Price Performance

Shares of NYSE:KNF opened at $88.47 on Wednesday. The firm's 50 day moving average price is $92.25 and its 200-day moving average price is $97.06. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.01 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analysts' expectations of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. Equities research analysts expect that Knife River Co. will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on KNF. Wells Fargo & Company assumed coverage on Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 price objective on the stock. Stephens reiterated an "overweight" rating and issued a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $110.40.

Knife River 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.

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