Asset Management One Co. Ltd. Has $210,000 Stake in Knife River Corporation $KNF

Key Points

• Asset Management One Co. Ltd. cut its stake in Knife River by 95.3% in Q4, selling 58,164 shares and retaining 2,885 shares valued at $210,000.
• Knife River beat Q4 expectations with $0.56 EPS (vs. $0.41) and $755.06M revenue (up 14.9% YoY), and analysts have raised targets — the consensus is a Moderate Buy with an average price target of $97.29.
• Institutional investors own 80.11% of the stock; Knife River trades with a market cap of $5.06B, a P/E of 32.33, and a 52-week range of $58.72–$103.18.

Asset Management One Co. Ltd. decreased its stake in shares of Knife River Corporation (NYSE:KNF - Free Report) by 95.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,885 shares of the company's stock after selling 58,164 shares during the period. Asset Management One Co. Ltd.'s holdings in Knife River were worth $210,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its holdings in shares of Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company's stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Quent Capital LLC bought a new position in Knife River in the 3rd quarter valued at $47,000. GAMMA Investing LLC raised its position in Knife River by 34.8% in the 4th quarter. GAMMA Investing LLC now owns 685 shares of the company's stock valued at $48,000 after purchasing an additional 177 shares during the last quarter. UMB Bank n.a. raised its position in Knife River by 124.5% in the 3rd quarter. UMB Bank n.a. now owns 743 shares of the company's stock valued at $57,000 after purchasing an additional 412 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Knife River by 1,365.6% during the second quarter. Smartleaf Asset Management LLC now owns 1,363 shares of the company's stock worth $113,000 after acquiring an additional 1,270 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Trading Up 1.0%

NYSE KNF opened at $89.23 on Friday. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 1.99 and a beta of 0.41. Knife River Corporation has a twelve month low of $58.72 and a twelve month high of $103.18. The business's fifty day moving average is $84.38 and its 200 day moving average is $76.46. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.70.

Knife River (NYSE:KNF - Get Free Report) last announced its earnings results on Tuesday, February 17th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. Knife River had a return on equity of 10.27% and a net margin of 4.99%.The firm had revenue of $755.06 million for the quarter, compared to the consensus estimate of $726.60 million. During the same period in the previous year, the business earned $0.41 EPS. The business's quarterly revenue was up 14.9% compared to the same quarter last year. As a group, sell-side analysts expect that Knife River Corporation will post 3.21 EPS for the current fiscal year.

Analyst Ratings Changes

KNF has been the subject of a number of analyst reports. Royal Bank Of Canada lifted their price objective on Knife River from $106.00 to $109.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 18th. DA Davidson upped their price objective on Knife River from $95.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. upped their price objective on Knife River from $83.00 to $90.00 and gave the stock a "neutral" rating in a research report on Thursday, March 5th. Stephens increased their price target on Knife River from $86.00 to $105.00 and gave the company an "overweight" rating in a research report on Wednesday, February 18th. Finally, Zacks Research raised shares of Knife River from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $97.29.

Knife River Company Profile

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.

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