Barrow Hanley Mewhinney & Strauss LLC Trims Stock Position in Knife River Co. (NYSE:KNF)

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,689,356 shares of the company's stock after selling 275,607 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.98% of Knife River worth $171,706,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KNF. Alliancebernstein L.P. boosted its position in Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock worth $111,965,000 after purchasing an additional 983,223 shares in the last quarter. American Century Companies Inc. increased its position in shares of Knife River by 1,200.8% in the fourth quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock valued at $90,224,000 after buying an additional 819,439 shares in the last quarter. Norges Bank acquired a new position in shares of Knife River during the 4th quarter worth $66,631,000. Capital Research Global Investors boosted its position in shares of Knife River by 45.2% in the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock worth $196,829,000 after buying an additional 603,170 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in Knife River in the 4th quarter valued at about $46,750,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Wall Street Analysts Forecast Growth

KNF has been the subject of a number of research reports. Wells Fargo & Company lifted their target price 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 restated an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $112.80.

Knife River Price Performance

KNF stock traded down $2.53 during trading on Wednesday, hitting $96.73. The stock had a trading volume of 136,300 shares, compared to its average volume of 428,063. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The company's 50 day moving average price is $93.41 and its two-hundred day moving average price is $97.48. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly 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 return on equity of 14.82% and a net margin of 6.96%. The firm had revenue of $353.50 million for the quarter, compared to analysts' expectations of $343.98 million. During the same quarter last year, the firm earned ($0.84) earnings per share. The business's quarterly revenue was up 7.3% compared to the same quarter last year. On average, sell-side analysts forecast that Knife River Co. will post 4.11 EPS for the current fiscal 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.