Knife River Co. (NYSE:KNF) Shares Purchased by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its position in shares of Knife River Co. (NYSE:KNF) by 4.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,645 shares of the company’s stock after acquiring an additional 227 shares during the quarter. AdvisorNet Financial Inc’s holdings in Knife River were worth $574,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the period. Huntington National Bank raised its position in Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Knife River during the 2nd quarter worth approximately $43,000. Harvest Fund Management Co. Ltd acquired a new stake in Knife River during the 3rd quarter valued at approximately $60,000. Finally, Sittner & Nelson LLC boosted its holdings in shares of Knife River by 18.5% in 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. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Stock Up 0.9 %

KNF stock opened at $101.15 on Thursday. Knife River Co. has a one year low of $61.82 and a one year high of $108.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The firm’s fifty day moving average is $101.19 and its 200 day moving average is $88.79. The firm has a market cap of $5.73 billion, a PE ratio of 28.98, a P/E/G ratio of 2.81 and a beta of 0.78.

Knife River (NYSE:KNF) last posted its earnings results on Monday, November 4th. The company reported $2.60 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 analyst estimates of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Knife River’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $2.58 earnings per share. On average, research analysts forecast that Knife River Co. will post 3.49 EPS for the current year.

Wall Street Analyst Weigh In

KNF has been the subject of several recent research reports. Loop Capital reduced their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Oppenheimer lifted their price objective on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, DA Davidson boosted their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $103.75.

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.