Knife River Co. (NYSE:KNF) is MIG Capital LLC's 6th Largest Position

MIG Capital LLC lessened its holdings in Knife River Co. (NYSE:KNF - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,163 shares of the company's stock after selling 83,763 shares during the period. Knife River comprises about 5.9% of MIG Capital LLC's portfolio, making the stock its 6th largest holding. MIG Capital LLC owned 0.99% of Knife River worth $57,037,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Alliancebernstein L.P. lifted its holdings in Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock valued at $111,965,000 after purchasing an additional 983,223 shares in the last quarter. American Century Companies Inc. boosted its holdings in 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 buying an additional 819,439 shares during the last quarter. Norges Bank purchased a new stake in Knife River during the 4th quarter worth approximately $66,631,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Knife River during the fourth quarter valued at approximately $27,745,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Knife River in the fourth quarter valued at approximately $14,600,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Trading Up 2.4 %

Shares of NYSE KNF traded up $2.11 during trading on Friday, reaching $91.38. The stock had a trading volume of 245,431 shares, compared to its average volume of 415,479. The business's 50-day moving average price is $93.87 and its 200-day moving average price is $96.91. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week 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 has a market cap of $5.17 billion, a P/E ratio of 25.81, a PEG ratio of 2.36 and a beta of 0.97.

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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 (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $657.20 million for the quarter, compared to analysts' expectations of $655.80 million. On average, equities research analysts predict that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on KNF. Stephens reissued an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Oppenheimer increased their price target 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. Finally, Wells Fargo & Company started coverage on Knife River in a research note on Monday, March 10th. They set an "overweight" rating and a $102.00 target price for the company. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus 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.