Oliver Luxxe Assets LLC Increases Stake in Knife River Co. (NYSE:KNF)

Oliver Luxxe Assets LLC increased its stake in Knife River Co. (NYSE:KNF) by 5.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 34,300 shares of the company’s stock after buying an additional 1,708 shares during the period. Oliver Luxxe Assets LLC’s holdings in Knife River were worth $3,486,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in shares of Knife River by 21.2% in the 2nd quarter. Victory Capital Management Inc. now owns 16,477 shares of the company’s stock valued at $1,156,000 after purchasing an additional 2,878 shares during the last quarter. Arizona State Retirement System boosted its holdings in Knife River by 1.9% in the second quarter. Arizona State Retirement System now owns 15,048 shares of the company’s stock valued at $1,055,000 after acquiring an additional 280 shares during the last quarter. Private Advisor Group LLC grew its position in Knife River by 8.5% during the second quarter. Private Advisor Group LLC now owns 15,014 shares of the company’s stock valued at $1,053,000 after acquiring an additional 1,177 shares during the period. American Century Companies Inc. increased its stake in Knife River by 138.6% during the second quarter. American Century Companies Inc. now owns 65,946 shares of the company’s stock worth $4,625,000 after acquiring an additional 38,313 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Knife River during the second quarter worth about $96,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Stock Up 0.7 %

Knife River stock traded up $0.73 during midday trading on Monday, hitting $101.75. 285,139 shares of the company were exchanged, compared to its average volume of 405,321. The company has a market cap of $5.76 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.81 and a beta of 0.78. Knife River Co. has a fifty-two week low of $61.82 and a fifty-two week high of $108.39. The company’s fifty day moving average price is $100.80 and its 200-day moving average price is $87.22. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.58 EPS. On average, research analysts predict that Knife River Co. will post 3.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KNF has been the subject of a number of research reports. Loop Capital decreased their target price on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. DA Davidson boosted their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer increased 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Knife River presently has an average rating of “Moderate Buy” and a consensus target price of $103.75.

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.