Knife River Co. (NYSE:KNF) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its position in Knife River Co. (NYSE:KNF) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,652 shares of the company’s stock after selling 1,966 shares during the quarter. John G Ullman & Associates Inc. owned about 0.10% of Knife River worth $5,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in Knife River by 586.0% in the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Knife River by 72.8% during 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 during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Knife River during the 3rd quarter valued at about $60,000. Sittner & Nelson LLC increased its stake in shares of Knife River by 18.5% during the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after acquiring an additional 150 shares during the last quarter. Finally, Covestor Ltd increased its stake in shares of Knife River by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on KNF. DA Davidson upped their price objective on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer upped their price objective on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Loop Capital dropped their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Finally, Stephens reiterated an “overweight” rating and set a $120.00 target price on shares of Knife River in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $112.50.

Knife River Stock Up 2.7 %

Shares of NYSE:KNF opened at $95.66 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The stock has a market capitalization of $5.42 billion, a P/E ratio of 27.02, a PEG ratio of 2.36 and a beta of 0.76. The stock has a 50-day simple moving average of $101.09 and a 200-day simple moving average of $94.74.

Knife River (NYSE:KNF) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Equities analysts forecast that Knife River Co. will post 4.11 earnings per share 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.