4D Advisors LLC Acquires New Holdings in Knife River Co. (NYSE:KNF)

4D Advisors LLC acquired a new position in shares of Knife River Co. (NYSE:KNF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $10,164,000. Knife River makes up approximately 7.1% of 4D Advisors LLC's holdings, making the stock its biggest position. 4D Advisors LLC owned approximately 0.18% of Knife River at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC boosted its stake in Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares during the period. GAMMA Investing LLC grew its holdings in shares of Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after acquiring an additional 227 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Knife River in the fourth quarter valued at $79,000. Lee Danner & Bass Inc. acquired a new position in Knife River during the fourth quarter worth about $109,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in Knife River in the 4th quarter valued at approximately $114,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Stock Up 0.4 %

Shares of KNF traded up $0.35 during trading on Monday, reaching $96.68. The company's stock had a trading volume of 688,558 shares, compared to its average volume of 424,990. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 27.31, a P/E/G ratio of 2.36 and a beta of 0.96. The company has a fifty day moving average of $91.28 and a two-hundred day moving average of $97.26. 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 Co. has a twelve month low of $66.13 and a twelve month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. On average, sell-side analysts predict that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KNF has been the subject of several recent analyst reports. Wells Fargo & Company began coverage on shares of Knife River in a research note on Monday, March 10th. They issued an "overweight" rating and a $102.00 target price for the company. Stephens restated an "overweight" rating and set a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $110.40.

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.