New York State Common Retirement Fund Sells 13,347 Shares of Knife River Co. (NYSE:KNF)

New York State Common Retirement Fund lessened its holdings in Knife River Co. (NYSE:KNF - Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,069 shares of the company's stock after selling 13,347 shares during the period. New York State Common Retirement Fund owned about 0.22% of Knife River worth $12,712,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Creative Planning boosted its holdings in Knife River by 103.1% during the 3rd quarter. Creative Planning now owns 11,924 shares of the company's stock worth $1,066,000 after acquiring an additional 6,052 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Knife River by 3.4% during the third quarter. Private Advisor Group LLC now owns 15,526 shares of the company's stock worth $1,388,000 after purchasing an additional 512 shares during the last quarter. International Assets Investment Management LLC grew its position in Knife River by 12,902.2% in the 3rd quarter. International Assets Investment Management LLC now owns 71,512 shares of the company's stock worth $6,392,000 after purchasing an additional 70,962 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Knife River by 27.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,908 shares of the company's stock valued at $618,000 after buying an additional 1,467 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Knife River by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,556 shares of the company's stock valued at $586,000 after buying an additional 445 shares during the last quarter. Institutional investors own 80.11% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KNF shares. Stephens reaffirmed an "overweight" rating and issued a $120.00 target price on shares of Knife River in a report on Friday, February 14th. DA Davidson boosted their price target on shares of Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Loop Capital cut their price objective on shares of Knife River from $105.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, Oppenheimer boosted their target price on shares of Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Knife River has a consensus rating of "Moderate Buy" and an average target price of $112.50.

Knife River Price Performance

Shares of KNF traded up $2.55 during mid-day trading on Friday, reaching $95.66. 552,946 shares of the stock traded hands, compared to its average volume of 434,069. The company has a market cap of $5.42 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 2.36 and a beta of 0.76. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The firm has a fifty day moving average price of $101.29 and a 200 day moving average price of $94.44. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45.

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

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.