Sei Investments Co. Increases Stock Position in Knife River Co. (NYSE:KNF)

Sei Investments Co. lifted its position in Knife River Co. (NYSE:KNF - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,114 shares of the company's stock after acquiring an additional 6,973 shares during the quarter. Sei Investments Co. owned approximately 0.10% of Knife River worth $5,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted 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 worth $43,000 after buying an additional 157 shares during the last quarter. GAMMA Investing LLC boosted its stake in Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after acquiring an additional 227 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Knife River during the 4th quarter valued at approximately $109,000. Jones Financial Companies Lllp grew its position 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 valued at $169,000 after acquiring an additional 476 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Knife River during the 4th quarter worth approximately $203,000. Hedge funds and other institutional investors own 80.11% of the company's stock.

Wall Street Analyst Weigh In

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

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Knife River Stock Performance

Shares of NYSE:KNF traded down $6.66 during midday trading on Friday, reaching $83.98. 785,011 shares of the company traded hands, compared to its average volume of 410,039. The firm's fifty day moving average price is $95.77 and its two-hundred day moving average price is $97.14. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. Knife River Co. has a 12 month low of $66.13 and a 12 month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. On average, equities analysts expect that Knife River Co. will post 4.11 earnings per share for the current 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.