Knife River Co. (NYSE:KNF) Holdings Lifted by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC boosted its holdings in Knife River Co. (NYSE:KNF - Free Report) by 28.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,622 shares of the company's stock after purchasing an additional 18,745 shares during the quarter. Knife River comprises approximately 1.6% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 9th largest holding. Moody Aldrich Partners LLC owned about 0.15% of Knife River worth $8,703,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 176 shares in the last quarter. Huntington National Bank lifted its stake in Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company's stock valued at $31,000 after acquiring an additional 293 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Knife River during the 2nd quarter valued at $43,000. Harvest Fund Management Co. Ltd purchased a new position in Knife River during the 3rd quarter worth $60,000. Finally, Sittner & Nelson LLC raised its holdings in shares of Knife River by 18.5% in the third quarter. Sittner & Nelson LLC now owns 960 shares of the company's stock valued at $86,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 80.11% of the company's stock.

Knife River Stock Performance

KNF traded down $2.44 during midday trading on Friday, reaching $103.56. The company had a trading volume of 310,236 shares, compared to its average volume of 390,193. Knife River Co. has a 12-month low of $65.35 and a 12-month high of $108.83. The business has a 50-day moving average price of $102.69 and a two-hundred day moving average price of $91.40. The stock has a market cap of $5.86 billion, a PE ratio of 29.67, a P/E/G ratio of 2.37 and a beta of 0.78. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Knife River's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.58 EPS. On average, sell-side analysts expect that Knife River Co. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Loop Capital cut their price target on shares of Knife River from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. DA Davidson lifted their target price on shares of Knife River from $90.00 to $110.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Finally, Oppenheimer upped their target price on Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.75.

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.