Jackson Creek Investment Advisors LLC Takes Position in Knife River Corporation (NYSE:KNF)

Jackson Creek Investment Advisors LLC acquired a new position in shares of Knife River Corporation (NYSE:KNF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,241 shares of the company's stock, valued at approximately $1,375,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Knife River in the first quarter valued at approximately $35,000. Verdence Capital Advisors LLC boosted its position in shares of Knife River by 40.2% in the first quarter. Verdence Capital Advisors LLC now owns 3,423 shares of the company's stock valued at $309,000 after acquiring an additional 982 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Knife River by 56.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 426,781 shares of the company's stock valued at $38,500,000 after acquiring an additional 153,808 shares during the period. CWM LLC boosted its position in shares of Knife River by 9.5% in the first quarter. CWM LLC now owns 7,360 shares of the company's stock valued at $664,000 after acquiring an additional 640 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Knife River by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the company's stock valued at $1,434,000 after acquiring an additional 200 shares during the period. Institutional investors own 80.11% of the company's stock.

Knife River Trading Up 0.8%

Knife River stock traded up $0.64 during mid-day trading on Friday, reaching $80.01. 20,650 shares of the company traded hands, compared to its average volume of 464,972. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.94 and a quick ratio of 1.49. The firm's 50 day moving average price is $88.08 and its 200 day moving average price is $93.11. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 25.24, a P/E/G ratio of 2.08 and a beta of 0.63. Knife River Corporation has a 52-week low of $67.22 and a 52-week 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) EPS for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). Knife River had a net margin of 6.18% and a return on equity of 12.83%. The business had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. During the same quarter last year, the firm posted ($0.84) EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts anticipate that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on KNF. Wells Fargo & Company lifted 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. Royal Bank Of Canada began coverage on shares of Knife River in a research note on Monday, June 16th. They set an "outperform" rating and a $129.00 price target on the stock. Finally, DA Davidson decreased their price target on shares of Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, June 10th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $117.17.

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.

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