7,845 Shares in Knife River Co. (NYSE:KNF) Purchased by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC purchased a new stake in Knife River Co. (NYSE:KNF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,845 shares of the company's stock, valued at approximately $797,000.

A number of other large investors have also recently made changes to their positions in the stock. Capital Research Global Investors grew its stake in Knife River by 45.2% during the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock valued at $196,829,000 after acquiring an additional 603,170 shares in the last quarter. Alliancebernstein L.P. grew its stake in Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock valued at $111,965,000 after acquiring an additional 983,223 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in 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 valued at $105,121,000 after acquiring an additional 17,234 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Knife River by 3.7% during the fourth quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock valued at $99,934,000 after acquiring an additional 34,747 shares in the last quarter. Finally, Hood River Capital Management LLC grew its stake in Knife River by 4.3% during the fourth quarter. Hood River Capital Management LLC now owns 906,534 shares of the company's stock valued at $92,140,000 after acquiring an additional 37,431 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Knife River Trading Down 0.5%

Shares of Knife River stock traded down $0.48 during trading on Thursday, reaching $94.69. The company's stock had a trading volume of 77,498 shares, compared to its average volume of 465,502. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.36 and a beta of 0.96. The firm's 50-day moving average is $93.49 and its two-hundred day moving average is $97.46. 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 (NYSE:KNF - Get Free Report) last issued 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 14.82% and a net margin of 6.96%. The company 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) earnings per share. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on KNF. Stephens reaffirmed 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 boosted their price target on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Knife River has an average rating of "Buy" and an average target price of $112.80.

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.