DekaBank Deutsche Girozentrale Buys New Holdings in Knife River Co. (NYSE:KNF)

DekaBank Deutsche Girozentrale purchased a new position in Knife River Co. (NYSE:KNF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,335 shares of the company’s stock, valued at approximately $96,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC purchased a new position in shares of Knife River in the second quarter worth $39,000. TFO Wealth Partners LLC increased its position in shares of Knife River by 38,250.0% in the fourth quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock valued at $51,000 after acquiring an additional 765 shares during the period. Horan Capital Advisors LLC. bought a new position in shares of Knife River during the first quarter valued at about $203,000. Koshinski Asset Management Inc. purchased a new stake in shares of Knife River during the first quarter worth about $206,000. Finally, Grimes & Company Inc. bought a new stake in shares of Knife River in the first quarter worth about $216,000. Institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stephens initiated coverage on Knife River in a research report on Tuesday, June 18th. They set an “overweight” rating and a $85.00 price target for the company. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.60.

Knife River Price Performance

Shares of NYSE KNF opened at $90.76 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. Knife River Co. has a 1 year low of $46.51 and a 1 year high of $93.77. The company’s 50-day moving average is $77.87 and its 200 day moving average is $75.94. The stock has a market capitalization of $5.14 billion, a P/E ratio of 29.28, a P/E/G ratio of 1.92 and a beta of 0.81.

Knife River (NYSE:KNF) last released its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. The company had revenue of $806.90 million during 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS. On average, sell-side analysts expect that Knife River Co. will post 3.72 earnings per share for the current year.

Knife River Company 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.