Kennedy Capital Management LLC Raises Stock Holdings in Knife River Co. (NYSE:KNF)

Kennedy Capital Management LLC raised its holdings in Knife River Co. (NYSE:KNF) by 2.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 227,534 shares of the company’s stock after acquiring an additional 5,803 shares during the quarter. Knife River makes up 0.5% of Kennedy Capital Management LLC’s holdings, making the stock its 23rd largest holding. Kennedy Capital Management LLC owned about 0.40% of Knife River worth $23,127,000 as of its most recent SEC filing.

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

Knife River Stock Performance

KNF stock opened at $92.00 on Thursday. The company has a market capitalization of $5.21 billion, a P/E ratio of 25.99, a PEG ratio of 2.36 and a beta of 0.97. 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 business has a 50-day moving average price of $94.14 and a 200 day moving average price of $96.91. Knife River Co. has a 1-year low of $66.13 and a 1-year 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. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. As a group, equities research analysts forecast that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

KNF has been the subject of a number of recent analyst reports. Stephens restated an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company began coverage on shares of Knife River in a research report on Monday, March 10th. They issued an “overweight” rating and a $102.00 price target for the company. Finally, 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 report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $110.40.

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.