Amalgamated Bank Sells 1,431 Shares of Knife River Co. (NYSE:KNF)

Amalgamated Bank lowered its stake in shares of Knife River Co. (NYSE:KNF) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,947 shares of the company’s stock after selling 1,431 shares during the period. Amalgamated Bank’s holdings in Knife River were worth $2,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of KNF. GAMMA Investing LLC grew its holdings in shares of Knife River by 129.4% in the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after purchasing an additional 176 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Knife River in the 2nd quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Knife River in the 2nd quarter worth about $43,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Knife River in the 2nd quarter worth about $96,000. Finally, Greenleaf Trust purchased a new stake in shares of Knife River during the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Trading Down 2.1 %

Shares of NYSE:KNF opened at $98.94 on Tuesday. The company has a market capitalization of $5.60 billion, a PE ratio of 28.35, a PEG ratio of 2.72 and a beta of 0.74. Knife River Co. has a 12-month low of $55.06 and a 12-month high of $103.33. The business has a 50 day moving average of $89.05 and a two-hundred day moving average of $79.37. The company has a current ratio of 2.72, a quick ratio of 1.49 and a debt-to-equity ratio of 0.46.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.58 EPS. As a group, analysts forecast that Knife River Co. will post 3.57 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on KNF. DA Davidson upped their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Loop Capital decreased their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Oppenheimer raised their price target on Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.67.

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.