New York State Common Retirement Fund Sells 13,347 Shares of Knife River Co. (NYSE:KNF)

New York State Common Retirement Fund lessened its holdings in Knife River Co. (NYSE:KNF) by 9.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,069 shares of the company’s stock after selling 13,347 shares during the quarter. New York State Common Retirement Fund’s holdings in Knife River were worth $12,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Huntington National Bank increased its holdings in Knife River by 586.0% during the third 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. GAMMA Investing LLC grew its position 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 period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Knife River during the 3rd quarter worth approximately $60,000. Sittner & Nelson LLC raised 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 worth $86,000 after purchasing an additional 150 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Knife River by 13.2% in the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock worth $115,000 after purchasing an additional 150 shares during the period. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Performance

NYSE:KNF opened at $92.81 on Tuesday. The business’s fifty day moving average is $101.76 and its 200 day moving average is $94.29. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 2.36 and a beta of 0.76. 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 52-week low of $66.13 and a 52-week high of $108.83.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. Research analysts predict that Knife River Co. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

KNF has been the subject of a number of recent research reports. Loop Capital decreased their target price on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. DA Davidson lifted their price objective on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Stephens reaffirmed an “overweight” rating and set a $120.00 price objective on shares of Knife River in a report on Friday, February 14th. Finally, Oppenheimer lifted their target price on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Knife River presently has an average rating of “Moderate Buy” and a consensus target price of $112.50.

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.