Calamos Advisors LLC Buys 5,080 Shares of Knife River Corporation (NYSE:KNF)

Calamos Advisors LLC grew its holdings in shares of Knife River Corporation (NYSE:KNF - Free Report) by 32.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,955 shares of the company's stock after purchasing an additional 5,080 shares during the period. Calamos Advisors LLC's holdings in Knife River were worth $1,890,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Knife River in the 1st quarter valued at about $26,000. Versant Capital Management Inc grew its position in shares of Knife River by 501.9% during the first quarter. Versant Capital Management Inc now owns 325 shares of the company's stock worth $29,000 after acquiring an additional 271 shares during the last quarter. State of Wyoming acquired a new position in Knife River during the 4th quarter valued at about $30,000. Larson Financial Group LLC grew its stake in shares of Knife River by 58.6% in the 4th 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 last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Knife River by 173.9% in the first quarter. Bessemer Group Inc. now owns 545 shares of the company's stock worth $49,000 after buying an additional 346 shares during the period. Institutional investors and hedge funds own 80.11% of the company's stock.

Wall Street Analysts Forecast Growth

KNF has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on shares of Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. DA Davidson cut their price objective on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada initiated coverage on shares of Knife River in a research note on Monday, June 16th. They issued an "outperform" rating and a $129.00 price target on the stock. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $117.17.

Knife River Stock Performance

Shares of Knife River stock traded up $1.47 on Wednesday, reaching $80.95. 220,281 shares of the stock were exchanged, compared to its average volume of 460,091. The business has a 50 day moving average price of $90.14 and a two-hundred day moving average price of $94.16. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 2.14 and a beta of 0.63. The company has a quick ratio of 1.49, a current ratio of 2.94 and a debt-to-equity ratio of 0.82. Knife River Corporation has a twelve month low of $67.22 and a twelve month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The business had revenue of $353.50 million during the quarter, compared to analyst estimates of $343.98 million. Knife River had a return on equity of 12.83% and a net margin of 6.18%. The business's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.84) EPS. Analysts anticipate that Knife River Corporation will post 4.11 earnings per share 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.