Knife River Co. (NYSE:KNF) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. cut its stake in Knife River Co. (NYSE:KNF - Free Report) by 20.7% in the first quarter, according to its most recent 13F filing with the Securities & 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 0.07% of Knife River worth $3,673,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of KNF. Capital Research Global Investors raised its position in Knife River by 45.2% during the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock worth $196,829,000 after buying an additional 603,170 shares during the last quarter. Alliancebernstein L.P. raised its position in Knife River by 830.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock worth $111,965,000 after buying an additional 983,223 shares during the last quarter. Silvercrest Asset Management Group LLC raised its position in Knife River by 1.7% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,034,246 shares of the company's stock worth $105,121,000 after buying an additional 17,234 shares during the last quarter. Driehaus Capital Management LLC raised its position in Knife River by 3.7% during the 4th quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock worth $99,934,000 after buying an additional 34,747 shares during the last quarter. Finally, Hood River Capital Management LLC raised its position in Knife River by 4.3% during the 4th quarter. Hood River Capital Management LLC now owns 906,534 shares of the company's stock worth $92,140,000 after buying an additional 37,431 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Price Performance

NYSE KNF traded up $0.71 on Thursday, hitting $85.11. The company had a trading volume of 698,162 shares, compared to its average volume of 435,103. The company has a market capitalization of $4.82 billion, a PE ratio of 24.04, a PEG ratio of 2.36 and a beta of 0.84. The company's fifty day moving average price is $93.36 and its 200-day moving average price is $97.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. 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 announced its earnings results 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). Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. During the same period last year, the firm earned ($0.84) EPS. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KNF. Stephens reissued an "overweight" rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. DA Davidson cut their target price on shares of Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday. Finally, Wells Fargo & Company lifted their target price on shares of 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, Knife River has an average rating of "Buy" and a consensus price target of $114.80.

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.