BNP Paribas Financial Markets Takes Position in Knife River Co. (NYSE:KNF)

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

A number of other hedge funds also recently added to or reduced their stakes in the stock. Arizona State Retirement System grew its stake in shares of Knife River by 0.8% in the 4th quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock valued at $1,586,000 after purchasing an additional 124 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Knife River by 58.6% during 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 during the period. Private Advisor Group LLC lifted its holdings in shares of Knife River by 1.1% during the fourth quarter. Private Advisor Group LLC now owns 15,696 shares of the company's stock worth $1,595,000 after purchasing an additional 170 shares during the period. Bragg Financial Advisors Inc grew its position in Knife River by 0.4% in the 4th quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company's stock valued at $4,611,000 after buying an additional 185 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in Knife River by 1.6% in the 4th quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock valued at $1,346,000 after buying an additional 203 shares during the period. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Price Performance

Shares of Knife River stock traded down $0.72 during trading on Thursday, reaching $96.08. The company's stock had a trading volume of 25,430 shares, compared to its average volume of 429,335. The business has a 50 day moving average price of $93.08 and a 200-day moving average price of $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 market capitalization of $5.44 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. 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 earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $353.50 million during the quarter, compared to analyst estimates of $343.98 million. During the same period last year, the business posted ($0.84) EPS. Knife River's revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Knife River Co. will post 4.11 EPS for the current year.

Analyst Ratings Changes

KNF has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Stephens reissued an "overweight" rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River presently has an average rating of "Buy" and an average price target of $112.80.

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.