Knife River Co. (NYSE:KNF) Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in Knife River Co. (NYSE:KNF) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,798 shares of the company’s stock after purchasing an additional 800 shares during the period. Swiss National Bank owned 0.19% of Knife River worth $10,753,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of KNF. State Street Corp lifted its stake in Knife River by 1.8% during the 3rd quarter. State Street Corp now owns 2,003,069 shares of the company’s stock valued at $179,054,000 after acquiring an additional 34,646 shares during the period. Geode Capital Management LLC lifted its stake in Knife River by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,337,273 shares of the company’s stock valued at $119,561,000 after acquiring an additional 26,198 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Knife River by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after acquiring an additional 5,791 shares during the period. Congress Asset Management Co. lifted its stake in Knife River by 2.5% during the 4th quarter. Congress Asset Management Co. now owns 696,245 shares of the company’s stock valued at $70,766,000 after acquiring an additional 16,698 shares during the period. Finally, Loomis Sayles & Co. L P lifted its stake in Knife River by 2.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 660,225 shares of the company’s stock valued at $59,017,000 after acquiring an additional 13,490 shares during the period. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Oppenheimer lifted their price objective 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. Stephens reiterated an “overweight” rating and issued a $120.00 target price on shares of Knife River in a research note on Friday, February 14th. Finally, Wells Fargo & Company initiated coverage on shares of Knife River in a research note on Monday, March 10th. They issued an “overweight” rating and a $102.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River currently has a consensus rating of “Buy” and an average target price of $110.40.

Knife River Price Performance

Shares of NYSE KNF opened at $90.78 on Friday. The firm has a market cap of $5.14 billion, a PE ratio of 25.64, a PEG ratio of 2.36 and a beta of 0.88. The firm has a fifty day moving average of $98.01 and a 200 day moving average of $95.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a one year low of $66.13 and a one year high of $108.83.

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

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.