Barrow Hanley Mewhinney & Strauss LLC Sells 275,607 Shares of Knife River Co. (NYSE:KNF)

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

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Research Global Investors grew its holdings in shares of Knife River by 45.2% during the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock worth $196,829,000 after purchasing an additional 603,170 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of 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. Silvercrest Asset Management Group LLC grew its holdings in shares of Knife River by 1.7% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,034,246 shares of the company's stock worth $105,121,000 after purchasing an additional 17,234 shares in the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Knife River by 3.7% during the fourth quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock worth $99,934,000 after purchasing an additional 34,747 shares in the last quarter. Finally, Hood River Capital Management LLC grew its holdings in shares of Knife River by 4.3% during the fourth quarter. Hood River Capital Management LLC now owns 906,534 shares of the company's stock worth $92,140,000 after purchasing an additional 37,431 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company's stock.

Analyst Upgrades and Downgrades

KNF has been the subject of several research reports. Stephens reaffirmed an "overweight" rating and issued a $120.00 target price on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company increased their price objective on Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River currently has an average rating of "Buy" and a consensus price target of $112.80.

Knife River Price Performance

Shares of Knife River stock opened at $96.70 on Friday. The business has a 50 day moving average of $93.15 and a 200 day moving average of $97.52. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.48 billion, a PE ratio of 27.32, a P/E/G ratio of 2.36 and a beta of 0.96. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share (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 during the quarter, compared to the consensus estimate of $343.98 million. During the same quarter last year, the company posted ($0.84) EPS. Knife River's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that Knife River Co. will post 4.11 earnings per share for the current 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.

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