Barrow Hanley Mewhinney & Strauss LLC Purchases 224,373 Shares of Knife River Co. (NYSE:KNF)

Barrow Hanley Mewhinney & Strauss LLC boosted its position in Knife River Co. (NYSE:KNF) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,064,224 shares of the company’s stock after acquiring an additional 224,373 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Knife River were worth $144,785,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Knife River in the second quarter worth about $39,000. TFO Wealth Partners LLC lifted its holdings in Knife River by 38,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock worth $51,000 after buying an additional 765 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Knife River in the 2nd quarter worth approximately $96,000. Horan Capital Advisors LLC. purchased a new position in shares of Knife River during the first quarter valued at approximately $203,000. Finally, Koshinski Asset Management Inc. bought a new position in shares of Knife River during the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analyst Ratings Changes

Separately, Stephens assumed coverage on shares of Knife River in a research report on Tuesday, June 18th. They set an “overweight” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Knife River Stock Down 0.8 %

KNF stock opened at $90.76 on Friday. Knife River Co. has a fifty-two week low of $46.51 and a fifty-two week high of $93.77. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.81. The business’s 50 day moving average price is $77.87 and its two-hundred day moving average price is $75.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The company had revenue of $806.90 million for the quarter, compared to analysts’ expectations of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, analysts forecast that Knife River Co. will post 3.72 earnings per share for the current fiscal year.

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.