Moloney Securities Asset Management LLC Acquires 1,869 Shares of Knife River Co. (NYSE:KNF)

Moloney Securities Asset Management LLC grew its holdings in shares of Knife River Co. (NYSE:KNF) by 16.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,582 shares of the company’s stock after purchasing an additional 1,869 shares during the period. Moloney Securities Asset Management LLC’s holdings in Knife River were worth $1,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNF. GAMMA Investing LLC lifted its position in Knife River by 129.4% during the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after buying an additional 176 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Knife River during the 2nd quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Knife River during the 2nd quarter worth about $43,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Knife River during the 2nd quarter worth about $96,000. Finally, Koshinski Asset Management Inc. acquired a new position in shares of Knife River during the 1st quarter worth about $206,000. 80.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KNF has been the topic of several recent analyst reports. Oppenheimer boosted their price objective on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Loop Capital lowered their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.40.

Knife River Stock Up 2.8 %

Shares of KNF opened at $91.76 on Wednesday. Knife River Co. has a 52 week low of $54.05 and a 52 week high of $99.54. The firm has a market cap of $5.19 billion, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. The firm’s 50-day simple moving average is $87.66 and its 200 day simple moving average is $78.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51.

Knife River (NYSE:KNF) last announced its quarterly 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). Knife River had a net margin of 6.88% and a return on equity of 15.73%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company posted $2.58 EPS. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. On average, analysts forecast that Knife River Co. will post 3.68 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 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.