Lighthouse Investment Partners LLC Invests $6.13 Million in Knife River Co. (NYSE:KNF)

Lighthouse Investment Partners LLC acquired a new position in Knife River Co. (NYSE:KNF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 92,623 shares of the company's stock, valued at approximately $6,130,000. Lighthouse Investment Partners LLC owned about 0.16% of Knife River as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Intrinsic Edge Capital Management LLC lifted its holdings in shares of Knife River by 28.4% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 262,816 shares of the company's stock worth $17,393,000 after acquiring an additional 58,098 shares during the last quarter. Cladis Investment Advisory LLC lifted its holdings in shares of Knife River by 3.4% in the 4th quarter. Cladis Investment Advisory LLC now owns 18,562 shares of the company's stock worth $1,228,000 after acquiring an additional 606 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Knife River by 4.6% in the 4th quarter. American International Group Inc. now owns 104,088 shares of the company's stock worth $6,889,000 after acquiring an additional 4,531 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in Knife River by 26.7% during the 4th quarter. Eagle Asset Management Inc. now owns 162,756 shares of the company's stock valued at $10,771,000 after buying an additional 34,281 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in Knife River during the 4th quarter valued at $882,000. 80.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on KNF. Loop Capital began coverage on shares of Knife River in a report on Tuesday, February 13th. They set a "buy" rating and a $81.00 price target for the company. Oppenheimer upped their price target on shares of Knife River from $75.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. Finally, Wolfe Research began coverage on shares of Knife River in a report on Friday, March 8th. They set a "peer perform" rating for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $76.20.

Knife River Stock Up 1.4 %

Shares of NYSE:KNF traded up $0.94 during midday trading on Friday, reaching $68.75. The company's stock had a trading volume of 396,203 shares, compared to its average volume of 349,238. The firm has a 50 day moving average of $75.98 and a 200-day moving average of $70.84. The firm has a market capitalization of $3.89 billion and a P/E ratio of 22.18. The company has a quick ratio of 1.49, a current ratio of 2.75 and a debt-to-equity ratio of 0.55. Knife River Co. has a 12-month low of $38.00 and a 12-month high of $83.78.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.80) by ($0.04). Knife River had a net margin of 6.19% and a return on equity of 14.65%. The firm had revenue of $329.60 million for the quarter, compared to analysts' expectations of $300.98 million. During the same period last year, the company posted ($516.50) earnings per share. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts anticipate that Knife River Co. will post 3.52 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.

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