20,867 Shares in Knife River Co. (NYSE:KNF) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new stake in Knife River Co. (NYSE:KNF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 20,867 shares of the company's stock, valued at approximately $2,121,000.

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

Wall Street Analysts Forecast Growth

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

Knife River Stock Down 1.2%

Shares of NYSE:KNF traded down $1.18 during trading on Tuesday, hitting $99.49. 497,283 shares of the company were exchanged, compared to its average volume of 432,075. The firm's 50 day moving average price is $92.79 and its 200-day moving average price is $97.46. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83. 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 stock has a market capitalization of $5.64 billion, a P/E ratio of 28.10, a PEG ratio of 2.36 and a beta of 0.96.

Knife River (NYSE:KNF - Get Free Report) last announced 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 net margin of 6.96% and a return on equity of 14.82%. Knife River's revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned ($0.84) earnings per share. On average, research analysts predict that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

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.