100,000 Shares in Knife River Co. (NYSE:KNF) Bought by 4D Advisors LLC

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

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Comerica Bank grew its position in Knife River by 6.1% in the 4th quarter. Comerica Bank now owns 42,752 shares of the company's stock worth $4,345,000 after purchasing an additional 2,448 shares during the period. Gallo Partners LP purchased a new position in shares of Knife River in the 4th quarter worth $2,752,000. Northern Trust Corp grew its holdings in shares of Knife River by 13.7% in the fourth quarter. Northern Trust Corp now owns 750,517 shares of the company's stock worth $76,283,000 after acquiring an additional 90,450 shares during the period. Johnson Financial Group Inc. purchased a new stake in Knife River during the fourth quarter valued at $79,000. Finally, Boothbay Fund Management LLC bought a new position in Knife River in the fourth quarter valued at about $1,356,000. 80.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KNF. Stephens reaffirmed an "overweight" rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company assumed coverage on shares of Knife River in a report on Monday, March 10th. They set an "overweight" rating and a $102.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $110.40.

Knife River Stock Performance

Knife River stock traded up $0.73 during midday trading on Wednesday, hitting $92.54. The stock had a trading volume of 223,862 shares, compared to its average volume of 426,931. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company has a market capitalization of $5.24 billion, a PE ratio of 26.14, a P/E/G ratio of 2.36 and a beta of 0.96. The firm's fifty day moving average is $91.26 and its two-hundred day moving average is $97.25.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. During the same quarter in the previous year, the business earned ($0.84) earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. On average, research analysts forecast that Knife River Co. will post 4.11 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.