Harbor Capital Advisors Inc. Has $3.67 Million Stake in Knife River Co. (NYSE:KNF)

Harbor Capital Advisors Inc. decreased its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,718 shares of the company's stock after selling 10,641 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.07% of Knife River worth $3,673,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Asset Management One Co. Ltd. purchased a new position in Knife River during the 4th quarter worth approximately $2,703,000. Congress Asset Management Co. boosted its holdings in Knife River by 2.5% in the fourth quarter. Congress Asset Management Co. now owns 696,245 shares of the company's stock worth $70,766,000 after purchasing an additional 16,698 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Knife River by 74.9% during the 1st quarter. Parallel Advisors LLC now owns 628 shares of the company's stock valued at $57,000 after acquiring an additional 269 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Knife River during the fourth quarter valued at approximately $14,600,000. Finally, Wells Fargo & Company MN raised its holdings in Knife River by 15.1% in the 4th quarter. Wells Fargo & Company MN now owns 60,940 shares of the company's stock worth $6,194,000 after acquiring an additional 7,975 shares during the period. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Trading Down 5.4%

Knife River stock traded down $4.59 during mid-day trading on Friday, hitting $80.61. The stock had a trading volume of 1,066,089 shares, compared to its average volume of 438,981. The stock has a 50-day simple moving average of $93.34 and a two-hundred day simple moving average of $96.78. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $4.57 billion, a PE ratio of 22.77, a P/E/G ratio of 2.36 and a beta of 0.84. Knife River Co. has a 12 month low of $66.51 and a 12 month 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 the consensus estimate of ($0.89) by ($0.32). The firm had revenue of $353.50 million during the quarter, compared to the consensus estimate of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.84) EPS. As a group, sell-side analysts forecast that Knife River Co. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on KNF. DA Davidson cut 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 reaffirmed an "overweight" rating and issued a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Finally, Wells Fargo & Company raised 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River presently has an average rating of "Buy" and an average price target of $114.80.

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.