Knife River Co. (NYSE:KNF) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its stake in Knife River Co. (NYSE:KNF) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,336 shares of the company’s stock after selling 483 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Knife River were worth $4,125,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Knife River in the second quarter valued at approximately $256,508,000. Vanguard Group Inc. boosted its position in Knife River by 0.9% during the third quarter. Vanguard Group Inc. now owns 5,540,292 shares of the company’s stock worth $270,532,000 after acquiring an additional 46,737 shares during the last quarter. State Street Corp purchased a new position in shares of Knife River in the 2nd quarter valued at $74,029,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Knife River by 19.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,120,623 shares of the company’s stock valued at $54,720,000 after acquiring an additional 184,192 shares during the period. Finally, Northern Trust Corp increased its stake in Knife River by 4.6% during the 3rd quarter. Northern Trust Corp now owns 610,212 shares of the company’s stock worth $29,797,000 after buying an additional 26,757 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Oppenheimer lifted their price target on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Loop Capital initiated coverage on shares of Knife River in a research note on Tuesday, February 13th. They issued a “buy” rating and a $81.00 price target for the company. Bank of America started coverage on shares of Knife River in a research note on Friday, January 5th. They issued a “buy” rating and a $81.00 price target for the company. Wolfe Research assumed coverage on shares of Knife River in a report on Friday, March 8th. They issued a “peer perform” rating on the stock. Finally, Siebert Williams Shank boosted their price objective on shares of Knife River from $65.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.20.

Knife River Trading Down 0.5 %

KNF stock traded down $0.41 during midday trading on Friday, reaching $75.40. 407,447 shares of the company were exchanged, compared to its average volume of 390,817. The company has a current ratio of 2.63, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $75.79 and a two-hundred day moving average price of $65.15. Knife River Co. has a one year low of $33.67 and a one year high of $83.78.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.16. The business had revenue of $646.90 million during the quarter, compared to the consensus estimate of $566.47 million. Knife River had a return on equity of 15.98% and a net margin of 6.46%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts anticipate that Knife River Co. will post 3.5 earnings per share for the current 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 six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading.