F M Investments LLC Has $11.36 Million Position in Knife River Co. (NYSE:KNF)

F M Investments LLC boosted its holdings in Knife River Co. (NYSE:KNF - Free Report) by 40.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,113 shares of the company's stock after buying an additional 36,633 shares during the period. F M Investments LLC owned 0.22% of Knife River worth $11,363,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in KNF. abrdn plc acquired a new position in Knife River during the 3rd quarter worth approximately $22,934,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in Knife River by 12.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company's stock worth $144,785,000 after acquiring an additional 224,373 shares in the last quarter. Swedbank AB acquired a new position in Knife River during the 1st quarter worth approximately $9,730,000. M&G Plc acquired a new position in Knife River during the 1st quarter worth approximately $9,289,000. Finally, Interval Partners LP acquired a new position in Knife River during the 2nd quarter worth approximately $7,614,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Stock Performance

KNF traded up $0.15 on Friday, hitting $97.47. The company had a trading volume of 578,162 shares, compared to its average volume of 271,004. The company's fifty day moving average price is $87.16 and its 200 day moving average price is $78.66. Knife River Co. has a 1-year low of $53.34 and a 1-year high of $99.54. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 28.09, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results 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 return on equity of 15.73% and a net margin of 6.88%. The firm had revenue of $806.90 million during the quarter, compared to analyst estimates of $803.81 million. During the same period in the previous year, the company earned $1.00 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts predict that Knife River Co. will post 3.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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