O Shaughnessy Asset Management LLC Makes New $361,000 Investment in Knife River Co. (NYSE:KNF)

O Shaughnessy Asset Management LLC bought a new position in shares of Knife River Co. (NYSE:KNF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,552 shares of the company's stock, valued at approximately $361,000.

Other institutional investors have also bought and sold shares of the company. Arizona State Retirement System increased its holdings in shares of Knife River by 0.8% in the fourth quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock valued at $1,586,000 after purchasing an additional 124 shares in the last quarter. Larson Financial Group LLC increased its position in Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares during the period. Private Advisor Group LLC raised its holdings in Knife River by 1.1% during the 4th quarter. Private Advisor Group LLC now owns 15,696 shares of the company's stock worth $1,595,000 after purchasing an additional 170 shares during the last quarter. Natixis Advisors LLC lifted its position in Knife River by 1.6% during the 4th quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock valued at $1,346,000 after purchasing an additional 203 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Knife River by 6.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 3,670 shares of the company's stock valued at $373,000 after purchasing an additional 224 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company's stock.

Wall Street Analysts Forecast Growth

KNF has been the subject of a number of recent research reports. Wells Fargo & Company initiated coverage on shares of Knife River in a research note on Monday, March 10th. They set an "overweight" rating and a $102.00 price target for the company. Stephens reaffirmed an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River has a consensus rating of "Buy" and an average target price of $110.40.

Remove Ads

Knife River Trading Down 3.4 %

NYSE:KNF traded down $3.18 on Wednesday, reaching $91.25. The company's stock had a trading volume of 320,967 shares, compared to its average volume of 417,141. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. The business's 50-day moving average price is $93.32 and its two-hundred day moving average price is $97.01. The firm has a market cap of $5.17 billion, a PE ratio of 25.78, a PEG ratio of 2.36 and a beta of 0.97. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $657.20 million during the quarter, compared to analysts' expectations of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. Equities research analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

About Knife River

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.