Knife River Co. (NYSE:KNF) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Knife River Co. (NYSE:KNF - Free Report) by 17,875.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,886 shares of the company's stock after purchasing an additional 96,347 shares during the period. GAMMA Investing LLC owned about 0.17% of Knife River worth $8,740,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State of Wyoming acquired a new position in shares of Knife River in the 4th quarter valued at approximately $30,000. Versant Capital Management Inc increased its holdings in shares of Knife River by 501.9% in the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock valued at $29,000 after acquiring an additional 271 shares during the last quarter. Larson Financial Group LLC increased its holdings 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 valued at $43,000 after acquiring an additional 157 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Knife River in the 4th quarter valued at approximately $79,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Knife River in the 4th quarter valued at approximately $109,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on KNF. DA Davidson lowered their price target on Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday. Stephens reiterated an "overweight" rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Finally, Wells Fargo & Company boosted their price target on Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $114.80.

Knife River Stock Performance

KNF traded down $5.00 during trading on Wednesday, reaching $84.18. 1,085,771 shares of the company were exchanged, compared to its average volume of 433,536. The stock has a market cap of $4.77 billion, a P/E ratio of 23.78, a PEG ratio of 2.36 and a beta of 0.84. The firm has a 50 day moving average of $93.35 and a 200 day moving average of $97.17. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Knife River Co. has a 52 week low of $66.51 and a 52 week high of $108.83.

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 analysts' consensus estimates of ($0.89) by ($0.32). The company had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Knife River's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.84) earnings per share. On average, sell-side analysts forecast that Knife River Co. will post 4.11 EPS 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.