US Bancorp DE Has $43.64 Million Stock Position in Knife River Co. (NYSE:KNF)

US Bancorp DE raised its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 429,327 shares of the company's stock after purchasing an additional 5,990 shares during the quarter. US Bancorp DE owned approximately 0.76% of Knife River worth $43,637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its stake in shares of Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company's stock worth $31,000 after buying an additional 293 shares during the last quarter. GAMMA Investing LLC lifted its position in Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after acquiring an additional 227 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Knife River during the third quarter worth approximately $60,000. Sittner & Nelson LLC grew its position in shares of Knife River by 18.5% in the third quarter. Sittner & Nelson LLC now owns 960 shares of the company's stock valued at $86,000 after purchasing an additional 150 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Knife River by 13.2% in the third quarter. Covestor Ltd now owns 1,288 shares of the company's stock valued at $115,000 after purchasing an additional 150 shares during the last quarter. 80.11% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KNF has been the subject of several recent research reports. DA Davidson boosted their price target on Knife River from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Loop Capital dropped their target price on Knife River from $105.00 to $100.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Oppenheimer upped their price target on shares of Knife River from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, December 13th. Finally, Stephens reaffirmed an "overweight" rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $112.50.

Remove Ads

Knife River Price Performance

NYSE KNF traded up $3.38 during midday trading on Wednesday, hitting $91.06. The company had a trading volume of 403,841 shares, compared to its average volume of 428,201. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The company has a market capitalization of $5.16 billion, a PE ratio of 25.72, a P/E/G ratio of 2.36 and a beta of 0.76. The firm has a 50-day moving average price of $100.28 and a 200-day moving average price of $95.06.

Knife River (NYSE:KNF - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 EPS 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%. As a group, analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

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.