Knife River Corporation (NYSE:KNF) Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC boosted its position in Knife River Corporation (NYSE:KNF - Free Report) by 32.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,955 shares of the company's stock after buying 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.

Several other institutional investors also recently made changes to their positions in the stock. Capital Research Global Investors boosted its position in shares of Knife River by 45.2% during the 4th 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. boosted its position in shares of Knife River by 830.7% during the 4th 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 boosted its position in shares of Knife River by 1.7% during the 4th 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 boosted its position in shares of Knife River by 3.7% during the 4th 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 boosted its position in shares of Knife River by 4.3% during the 4th 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. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on KNF shares. Royal Bank Of Canada started coverage on shares of Knife River in a research report on Monday, June 16th. They set an "outperform" rating and a $129.00 target price on the stock. DA Davidson decreased their price objective on shares of Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, June 10th. Finally, Wells Fargo & Company boosted 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $117.17.

Knife River Price Performance

Shares of Knife River stock traded down $0.61 on Friday, hitting $80.60. The company's stock had a trading volume of 386,831 shares, compared to its average volume of 457,409. Knife River Corporation has a 52-week low of $67.22 and a 52-week high of $108.83. The company has a quick ratio of 1.49, a current ratio of 2.94 and a debt-to-equity ratio of 0.82. The firm has a fifty day moving average price of $90.41 and a 200-day moving average price of $94.39. The company has a market capitalization of $4.57 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 2.19 and a beta of 0.63.

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

Knife River Company 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.