Jacobs Levy Equity Management Inc. Makes New $1.95 Million Investment in Knife River Co. (NYSE:KNF)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC grew its stake in shares of Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Knife River in the fourth quarter worth about $79,000. Lee Danner & Bass Inc. bought a new position in Knife River in the 4th quarter valued at about $109,000. Physician Wealth Advisors Inc. acquired a new position in Knife River during the 4th quarter valued at about $114,000. Finally, Jones Financial Companies Lllp raised its position in shares of Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after buying an additional 476 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on KNF. Wells Fargo & Company increased their price objective on shares of Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Stephens reaffirmed an "overweight" rating and set a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $112.80.

Knife River Price Performance

Shares of KNF traded down $1.33 during mid-day trading on Wednesday, hitting $98.21. The company's stock had a trading volume of 56,888 shares, compared to its average volume of 430,289. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The firm has a 50-day moving average price of $93.02 and a 200 day moving average price of $97.47. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 27.74, a PEG ratio of 2.36 and a beta of 0.96.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The company had revenue of $353.50 million during the quarter, compared to the consensus estimate of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. Knife River's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.84) EPS. On average, research 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.