Wealthfront Advisers LLC Invests $1.25 Million in Knife River Co. (NYSE:KNF)

Wealthfront Advisers LLC acquired a new position in Knife River Co. (NYSE:KNF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 12,326 shares of the company's stock, valued at approximately $1,253,000.

Other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in shares of Knife River by 0.8% during the 4th quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock worth $1,586,000 after purchasing an additional 124 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Knife River by 58.6% during the 4th 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 last quarter. Private Advisor Group LLC boosted its holdings in shares of 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. GAMMA Investing LLC boosted its holdings in shares of Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after purchasing an additional 227 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Knife River by 4.2% during the 4th quarter. AdvisorNet Financial Inc now owns 5,645 shares of the company's stock worth $574,000 after purchasing an additional 227 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

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Knife River Trading Up 4.0 %

KNF traded up $3.66 during trading hours on Wednesday, reaching $95.57. The company's stock had a trading volume of 313,239 shares, compared to its average volume of 384,459. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The stock has a market cap of $5.41 billion, a PE ratio of 27.00, a P/E/G ratio of 2.36 and a beta of 0.88. The business's 50-day moving average is $98.21 and its 200-day moving average is $96.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64.

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

Wall Street Analysts Forecast Growth

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

Knife River Company 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.