Knife River Co. (NYSE:KNF) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,736 shares of the company's stock after selling 5,494 shares during the period. New York State Teachers Retirement System owned 0.12% of Knife River worth $6,681,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Angeles Wealth Management LLC lifted its holdings in Knife River by 1.5% in the third quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company's stock valued at $760,000 after acquiring an additional 125 shares during the last quarter. Sittner & Nelson LLC lifted its stake in Knife River by 18.5% during the third quarter. Sittner & Nelson LLC now owns 960 shares of the company's stock worth $86,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd lifted its stake in Knife River by 13.2% during the third quarter. Covestor Ltd now owns 1,288 shares of the company's stock worth $115,000 after purchasing an additional 150 shares in the last quarter. GAMMA Investing LLC lifted its stake in Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after purchasing an additional 227 shares in the last quarter. Finally, AdvisorNet Financial Inc lifted its stake in Knife River by 4.2% during the fourth quarter. AdvisorNet Financial Inc now owns 5,645 shares of the company's stock worth $574,000 after purchasing an additional 227 shares in the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNF has been the topic of several recent analyst reports. Stephens reissued an "overweight" rating and issued a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Loop Capital dropped their target price on Knife River from $105.00 to $100.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Oppenheimer increased 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. Finally, DA Davidson increased their target price on Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $112.50.

Knife River Stock Performance

Shares of KNF stock traded down $7.58 during mid-day trading on Friday, hitting $93.77. 313,546 shares of the stock were exchanged, compared to its average volume of 424,588. The stock's fifty day simple moving average is $102.22 and its two-hundred day simple moving average is $93.68. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 2.40 and a beta of 0.76. Knife River Co. has a 12-month low of $66.13 and a 12-month 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.

Knife River (NYSE:KNF - Get Free Report) last announced its 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. 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 during the quarter, compared to the consensus estimate of $655.80 million. On average, analysts forecast that Knife River Co. will post 4.11 EPS for the current year.

Knife River Company 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.