Knife River Co. (NYSE:KNF) Shares Acquired by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd lifted its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 599.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 19,579 shares of the company's stock after purchasing an additional 16,780 shares during the quarter. Ausbil Investment Management Ltd's holdings in Knife River were worth $1,750,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in Knife River by 12,902.2% in the third quarter. International Assets Investment Management LLC now owns 71,512 shares of the company's stock valued at $6,392,000 after purchasing an additional 70,962 shares during the period. Greenleaf Trust purchased a new stake in shares of Knife River during the 3rd quarter valued at about $214,000. Private Advisor Group LLC raised its holdings in shares of Knife River by 3.4% during the 3rd quarter. Private Advisor Group LLC now owns 15,526 shares of the company's stock valued at $1,388,000 after buying an additional 512 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Knife River by 0.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 124,821 shares of the company's stock worth $11,158,000 after acquiring an additional 888 shares in the last quarter. Finally, Precedent Wealth Partners LLC purchased a new position in Knife River in the 3rd quarter worth approximately $317,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Analyst Ratings Changes

Separately, Oppenheimer boosted their target price on shares of Knife River from $85.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $86.60.

Knife River Stock Up 1.3 %

Shares of Knife River stock traded up $1.15 on Thursday, hitting $92.65. 270,502 shares of the company's stock traded hands, compared to its average volume of 379,351. The company has a quick ratio of 1.49, a current ratio of 2.51 and a debt-to-equity ratio of 0.52. The firm's 50-day moving average is $84.36 and its 200 day moving average is $77.90. The stock has a market cap of $5.24 billion, a P/E ratio of 29.70, a PEG ratio of 2.17 and a beta of 0.82. Knife River Co. has a 52-week low of $46.51 and a 52-week high of $95.85.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company had revenue of $806.90 million during the quarter, compared to analyst estimates of $803.81 million. During the same period last year, the business earned $1.00 EPS. The firm's revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts anticipate that Knife River Co. will post 3.72 earnings per share 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.