Jackson Creek Investment Advisors LLC Purchases Shares of 15,241 Knife River Corporation (NYSE:KNF)

Jackson Creek Investment Advisors LLC purchased a new position in shares of Knife River Corporation (NYSE:KNF - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,241 shares of the company's stock, valued at approximately $1,375,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Research Global Investors grew 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 acquiring an additional 603,170 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock valued at $111,965,000 after purchasing an additional 983,223 shares during the period. Silvercrest Asset Management Group LLC lifted its position in shares of Knife River by 1.7% in the fourth 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 in the last quarter. Driehaus Capital Management LLC raised its position in Knife River by 3.7% during the fourth quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock valued at $99,934,000 after purchasing an additional 34,747 shares during the period. Finally, Hood River Capital Management LLC grew its stake in Knife River by 4.3% in the fourth quarter. Hood River Capital Management LLC now owns 906,534 shares of the company's stock worth $92,140,000 after purchasing an additional 37,431 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Price Performance

NYSE KNF traded up $0.42 on Monday, reaching $80.99. 543,681 shares of the company's stock traded hands, compared to its average volume of 467,875. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.94 and a quick ratio of 1.49. Knife River Corporation has a 12 month low of $67.22 and a 12 month high of $108.83. The stock has a market cap of $4.59 billion, a PE ratio of 25.55, a P/E/G ratio of 2.19 and a beta of 0.63. The stock has a 50-day simple moving average of $87.14 and a 200 day simple moving average of $92.55.

Knife River (NYSE:KNF - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). The business had revenue of $353.50 million during the quarter, compared to analysts' expectations of $343.98 million. Knife River had a return on equity of 12.83% and a net margin of 6.18%. Knife River's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.84) EPS. As a group, research analysts predict that Knife River Corporation will post 4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KNF. Royal Bank Of Canada initiated coverage on Knife River in a report on Monday, June 16th. They issued an "outperform" rating and a $129.00 price objective on the stock. DA Davidson decreased their target price on shares of Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, June 10th. Finally, Wells Fargo & Company raised their price objective 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. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River 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.