Focus Partners Advisor Solutions LLC Makes New $797,000 Investment in Knife River Co. (NYSE:KNF)

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

A number of other institutional investors also recently bought and sold shares of the company. State of Wyoming bought a new position in shares of Knife River in the fourth quarter worth about $30,000. Larson Financial Group LLC grew its position in shares of Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Knife River during the 4th quarter valued at approximately $79,000. Lee Danner & Bass Inc. purchased a new position in Knife River during the 4th quarter valued at approximately $109,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Knife River during the 4th quarter valued at approximately $114,000. Institutional investors own 80.11% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KNF shares. Stephens reaffirmed an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company raised 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 investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $112.80.

Knife River Stock Performance

Knife River stock traded up $2.93 during trading hours on Tuesday, hitting $99.04. 340,493 shares of the stock traded hands, compared to its average volume of 429,213. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The firm's 50 day moving average price is $93.24 and its 200-day moving average price is $97.47. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 27.98, a P/E/G ratio of 2.36 and a beta of 0.96. 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 issued its earnings results on Tuesday, May 6th. The company reported ($1.21) 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 company had revenue of $353.50 million during the quarter, compared to analysts' expectations of $343.98 million. During the same quarter in the previous year, the company earned ($0.84) EPS. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts expect that Knife River Co. will post 4.11 EPS for the current fiscal 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.