Diametric Capital LP Sells 1,329 Shares of Knife River Co. (NYSE:KNF)

Diametric Capital LP cut its holdings in Knife River Co. (NYSE:KNF) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,451 shares of the company’s stock after selling 1,329 shares during the period. Diametric Capital LP’s holdings in Knife River were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KNF. Larson Financial Group LLC increased its holdings in Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after purchasing an additional 157 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after acquiring an additional 227 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of Knife River during the 4th quarter valued at $109,000. Physician Wealth Advisors Inc. bought a new position in Knife River during the fourth quarter worth $114,000. Finally, Jones Financial Companies Lllp grew its holdings in Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock worth $169,000 after purchasing an additional 476 shares during the period. 80.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KNF. Stephens reissued an “overweight” rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Oppenheimer increased their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company initiated coverage on Knife River in a report on Monday, March 10th. They set an “overweight” rating and a $102.00 price objective for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River presently has an average rating of “Buy” and an average target price of $110.40.

Knife River Price Performance

KNF stock opened at $92.46 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The business has a 50-day simple moving average of $96.67 and a two-hundred day simple moving average of $97.11. The company has a market capitalization of $5.23 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83.

Knife River (NYSE:KNF) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Research analysts expect 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.