Moloney Securities Asset Management LLC Boosts Holdings in Knife River Co. (NYSE:KNF)

Moloney Securities Asset Management LLC raised its position in Knife River Co. (NYSE:KNF) by 11.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,154 shares of the company’s stock after acquiring an additional 1,572 shares during the period. Moloney Securities Asset Management LLC’s holdings in Knife River were worth $1,540,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Angeles Wealth Management LLC boosted its holdings in Knife River by 1.5% in the 3rd quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company’s stock valued at $760,000 after purchasing an additional 125 shares in the last quarter. Sittner & Nelson LLC lifted its holdings in shares of Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after buying an additional 150 shares during the period. Covestor Ltd lifted its holdings in shares of Knife River by 13.2% in the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after buying an additional 150 shares during the period. GAMMA Investing LLC grew its holdings in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after acquiring an additional 176 shares during the period. Finally, LVW Advisors LLC raised its position in Knife River by 3.3% in the third quarter. LVW Advisors LLC now owns 6,027 shares of the company’s stock worth $539,000 after acquiring an additional 195 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KNF shares. Oppenheimer boosted their target price on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. DA Davidson boosted their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Loop Capital dropped their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.75.

Knife River Stock Performance

Shares of KNF opened at $102.75 on Friday. Knife River Co. has a 12-month low of $65.67 and a 12-month high of $108.83. The stock has a market cap of $5.82 billion, a P/E ratio of 29.44, a PEG ratio of 2.41 and a beta of 0.76. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $102.64 and a two-hundred day moving average of $92.22.

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.