abrdn plc Takes Position in Knife River Co. (NYSE:KNF)

abrdn plc acquired a new position in shares of Knife River Co. (NYSE:KNF - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 256,556 shares of the company's stock, valued at approximately $22,934,000. abrdn plc owned about 0.45% of Knife River as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company's stock worth $28,000 after purchasing an additional 176 shares during the period. International Assets Investment Management LLC acquired a new position in Knife River during the 2nd quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Knife River during the 2nd quarter worth about $43,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Knife River in the second quarter valued at about $96,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Knife River during the first quarter worth about $206,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Trading Up 0.1 %

Shares of Knife River stock traded up $0.13 on Friday, hitting $97.45. 578,162 shares of the company's stock traded hands, compared to its average volume of 378,563. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.82. The company has a fifty day moving average of $86.80 and a two-hundred day moving average of $78.55. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. Knife River Co. has a one year low of $53.34 and a one year high of $99.54.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.13. The company had revenue of $806.90 million during the quarter, compared to analyst estimates of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. Knife River's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.00 EPS. As a group, sell-side analysts expect that Knife River Co. will post 3.68 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer increased their target price on shares of Knife River from $85.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Knife River currently has an average rating of "Moderate Buy" and a consensus price target of $86.60.

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.