Hilltop National Bank Has $65,000 Stock Holdings in Knife River Co. (NYSE:KNF)

Hilltop National Bank trimmed its stake in Knife River Co. (NYSE:KNF) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 642 shares of the company’s stock after selling 187 shares during the quarter. Hilltop National Bank’s holdings in Knife River were worth $65,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of KNF. abrdn plc acquired a new stake in Knife River in the third quarter worth $22,934,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Knife River by 12.2% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock valued at $144,785,000 after buying an additional 224,373 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Knife River during the third quarter valued at about $10,267,000. Interval Partners LP acquired a new position in shares of Knife River during the second quarter valued at about $7,614,000. Finally, Federated Hermes Inc. grew its holdings in shares of Knife River by 37.5% during the second quarter. Federated Hermes Inc. now owns 384,215 shares of the company’s stock valued at $26,949,000 after buying an additional 104,720 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KNF has been the subject of a number of analyst reports. DA Davidson lifted their price objective on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Loop Capital dropped their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Oppenheimer lifted their price objective on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.75.

Knife River Price Performance

KNF opened at $95.23 on Friday. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.81 and a beta of 0.78. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $100.89 and a 200-day moving average price of $88.08. Knife River Co. has a twelve month low of $61.82 and a twelve month high of $108.39.

Knife River (NYSE:KNF) last posted its earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.22). The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. Knife River’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.58 EPS. Equities analysts expect that Knife River Co. will post 3.49 EPS for the current year.

About Knife River

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.