19,191 Shares in Knife River Co. (NYSE:KNF) Acquired by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new position in shares of Knife River Co. (NYSE:KNF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,191 shares of the company's stock, valued at approximately $1,951,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Granahan Investment Management LLC increased its position in Knife River by 35.9% during the 4th quarter. Granahan Investment Management LLC now owns 161,577 shares of the company's stock worth $16,423,000 after purchasing an additional 42,720 shares in the last quarter. Deutsche Bank AG increased its position in Knife River by 10.2% during the 4th quarter. Deutsche Bank AG now owns 180,087 shares of the company's stock worth $18,304,000 after purchasing an additional 16,625 shares in the last quarter. Driehaus Capital Management LLC increased its position in Knife River by 3.7% during the 4th quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock worth $99,934,000 after purchasing an additional 34,747 shares in the last quarter. Cetera Investment Advisers increased its position in Knife River by 14.4% during the 4th quarter. Cetera Investment Advisers now owns 9,782 shares of the company's stock worth $994,000 after purchasing an additional 1,234 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in Knife River during the 4th quarter worth approximately $2,121,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a research report on Tuesday. Stephens restated an "overweight" rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $112.80.

Knife River Stock Up 0.4%

NYSE KNF opened at $99.69 on Friday. The stock has a market cap of $5.65 billion, a PE ratio of 28.16, a P/E/G ratio of 2.36 and a beta of 0.96. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The business has a 50 day moving average price of $92.29 and a two-hundred day moving average price of $97.41. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). The company had revenue of $353.50 million during the quarter, compared to analysts' expectations of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.84) EPS. As a group, sell-side analysts predict that Knife River Co. will post 4.11 EPS for the current fiscal 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.

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