Castleark Management LLC Has $8.35 Million Holdings in Knife River Co. (NYSE:KNF)

Castleark Management LLC reduced its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,190 shares of the company's stock after selling 3,500 shares during the period. Castleark Management LLC owned about 0.15% of Knife River worth $8,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KNF. State of Wyoming bought a new position in Knife River during the 4th quarter worth $30,000. Larson Financial Group LLC grew its stake in Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after buying an additional 157 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Knife River during the 4th quarter worth $79,000. Lee Danner & Bass Inc. bought a new position in Knife River during the 4th quarter worth $109,000. Finally, Physician Wealth Advisors Inc. bought a new position in Knife River during the 4th quarter worth $114,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Stephens restated an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company raised their target price 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 analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $112.80.

Knife River Trading Down 0.6%

Shares of NYSE KNF traded down $0.57 during mid-day trading on Friday, hitting $96.11. 210,812 shares of the company traded hands, compared to its average volume of 429,569. The business has a 50 day moving average of $93.23 and a two-hundred day moving average of $97.52. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.36 and a beta of 0.96. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. 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 announced its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share (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 analysts' expectations of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm's revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.84) earnings per share. On average, sell-side analysts anticipate that Knife River Co. 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.