Caisse Des Depots ET Consignations Makes New Investment in Knife River Co. (NYSE:KNF)

Caisse Des Depots ET Consignations acquired a new stake in Knife River Co. (NYSE:KNF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,110 shares of the company’s stock, valued at approximately $1,129,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KNF. JPMorgan Chase & Co. lifted its holdings in Knife River by 18.4% during the 4th quarter. JPMorgan Chase & Co. now owns 247,541 shares of the company’s stock valued at $25,160,000 after purchasing an additional 38,405 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Knife River in the fourth quarter valued at about $230,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Knife River during the 4th quarter worth about $12,786,000. Congress Wealth Management LLC DE boosted its holdings in shares of Knife River by 6.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 89,248 shares of the company’s stock worth $9,071,000 after buying an additional 5,613 shares during the period. Finally, LPL Financial LLC grew its stake in Knife River by 6.8% in the 4th quarter. LPL Financial LLC now owns 103,186 shares of the company’s stock valued at $10,488,000 after buying an additional 6,567 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Price Performance

Knife River stock opened at $92.94 on Friday. The firm has a market cap of $5.26 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The stock’s fifty day moving average price is $97.57 and its two-hundred day moving average price is $96.62. 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 analysts’ consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. As a group, research analysts expect that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KNF shares. Oppenheimer raised their price objective 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. Stephens restated an “overweight” rating and issued a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Finally, Wells Fargo & Company assumed coverage on Knife River in a research report on Monday, March 10th. They set an “overweight” rating and a $102.00 price objective on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $110.40.

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.