US Bancorp DE Acquires 5,990 Shares of Knife River Co. (NYSE:KNF)

US Bancorp DE raised its holdings in Knife River Co. (NYSE:KNF) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 429,327 shares of the company’s stock after acquiring an additional 5,990 shares during the period. US Bancorp DE owned about 0.76% of Knife River worth $43,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KNF. Hotchkis & Wiley Capital Management LLC bought a new position in Knife River in the 3rd quarter valued at approximately $10,267,000. Barclays PLC increased its holdings in shares of Knife River by 156.2% during the third quarter. Barclays PLC now owns 170,101 shares of the company’s stock worth $15,205,000 after buying an additional 103,713 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Knife River by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company’s stock worth $18,695,000 after buying an additional 49,785 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of Knife River in the 4th quarter valued at $4,201,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Knife River by 10.5% during the 3rd quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock valued at $38,201,000 after acquiring an additional 39,991 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Price Performance

Knife River stock opened at $95.66 on Friday. The stock’s 50 day moving average is $101.09 and its 200 day moving average is $94.74. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The firm has a market cap of $5.42 billion, a P/E ratio of 27.02, a P/E/G ratio of 2.36 and a beta of 0.76. 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) 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 net margin of 6.96% and a return on equity of 14.82%. The company had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. As a group, research analysts expect that Knife River Co. will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KNF shares. DA Davidson increased their target price on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer lifted 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. Loop Capital decreased their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Stephens reaffirmed an “overweight” rating and set a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. One 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 an average target price of $112.50.

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.