Segall Bryant & Hamill LLC Buys New Shares in Knife River Co. (NYSE:KNF)

Segall Bryant & Hamill LLC acquired a new stake in Knife River Co. (NYSE:KNF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 125,801 shares of the company's stock, valued at approximately $12,786,000. Segall Bryant & Hamill LLC owned 0.22% of Knife River as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after buying an additional 157 shares during the period. GAMMA Investing LLC raised its position in Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after acquiring an additional 227 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Knife River in the third quarter valued at $60,000. Lee Danner & Bass Inc. purchased a new stake in shares of Knife River during the 4th quarter worth $109,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Price Performance

NYSE:KNF traded down $3.26 during trading hours on Friday, reaching $89.59. 410,420 shares of the company traded hands, compared to its average volume of 404,610. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The firm's 50-day moving average is $97.26 and its 200-day moving average is $96.99. The stock has a market cap of $5.07 billion, a P/E ratio of 25.31, a P/E/G ratio of 2.36 and a beta of 0.88. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83.

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Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. Equities research analysts expect that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on KNF shares. Stephens reiterated an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company initiated coverage on shares of Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 price target for the company. Finally, Oppenheimer boosted their target price on Knife River from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Knife River presently has an average rating of "Buy" and an average price target of $110.40.

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.