Cladis Investment Advisory LLC Sells 587 Shares of Knife River Co. (NYSE:KNF)

Cladis Investment Advisory LLC decreased its position in Knife River Co. (NYSE:KNF) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,388 shares of the company’s stock after selling 587 shares during the quarter. Knife River accounts for approximately 1.6% of Cladis Investment Advisory LLC’s holdings, making the stock its 13th largest holding. Cladis Investment Advisory LLC’s holdings in Knife River were worth $2,275,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its holdings in Knife River by 58.6% in the 4th 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 boosted 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 purchasing an additional 227 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Knife River during the fourth quarter worth $79,000. Lee Danner & Bass Inc. acquired a new position in Knife River in the 4th quarter worth about $109,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in Knife River during the 4th quarter worth approximately $114,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analyst Ratings Changes

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

Knife River Stock Performance

NYSE KNF opened at $91.84 on Thursday. 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 company has a market capitalization of $5.20 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company has a 50-day simple moving average of $91.18 and a 200 day simple moving average of $97.21.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.89) by ($0.32). The firm had revenue of $353.50 million during the quarter, compared to the consensus estimate of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.84) earnings per share. On average, research analysts predict that Knife River Co. will post 4.11 EPS for the current year.

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.