Creative Planning Has $412,000 Holdings in Knife River Co. (NYSE:KNF)

Creative Planning boosted its holdings in shares of Knife River Co. (NYSE:KNF) by 36.3% in the second quarter, HoldingsChannel reports. The fund owned 5,872 shares of the company’s stock after buying an additional 1,565 shares during the quarter. Creative Planning’s holdings in Knife River were worth $412,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Knife River by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 6,044,184 shares of the company’s stock worth $400,004,000 after acquiring an additional 503,892 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Knife River by 12.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock worth $144,785,000 after purchasing an additional 224,373 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Knife River by 122.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 819,296 shares of the company’s stock worth $54,221,000 after purchasing an additional 450,574 shares in the last quarter. Hood River Capital Management LLC raised its stake in shares of Knife River by 5.3% during the 2nd quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock worth $53,377,000 after purchasing an additional 38,152 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Knife River by 37.5% during the 2nd quarter. Federated Hermes Inc. now owns 384,215 shares of the company’s stock worth $26,949,000 after purchasing an additional 104,720 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Stock Up 2.4 %

KNF opened at $93.16 on Thursday. Knife River Co. has a fifty-two week low of $46.51 and a fifty-two week high of $93.77. The business has a 50-day moving average of $82.33 and a 200-day moving average of $77.40. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. The company has a market capitalization of $5.27 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

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