Knife River Co. (NYSE:KNF) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in Knife River Co. (NYSE:KNF - Free Report) by 41.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,650 shares of the company's stock after acquiring an additional 5,446 shares during the period. ProShare Advisors LLC's holdings in Knife River were worth $1,896,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KNF. Alliancebernstein L.P. raised its stake in Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock worth $111,965,000 after purchasing an additional 983,223 shares during the period. American Century Companies Inc. increased its holdings in shares of Knife River by 1,200.8% during the 4th quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock worth $90,224,000 after buying an additional 819,439 shares during the last quarter. Norges Bank purchased a new position in shares of Knife River in the 4th quarter worth $66,631,000. Capital Research Global Investors boosted its holdings in Knife River by 45.2% in the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock valued at $196,829,000 after acquiring an additional 603,170 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. purchased a new stake in Knife River during the fourth quarter valued at about $46,750,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Stock Down 0.6%

NYSE:KNF traded down $0.57 during mid-day trading on Friday, hitting $96.11. The company had a trading volume of 210,812 shares, compared to its average volume of 429,569. The business has a fifty day simple moving average of $93.23 and a 200-day simple moving average of $97.52. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.36 and a beta of 0.96. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. 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 (NYSE:KNF - Get Free Report) last posted 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). The firm had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.84) earnings per share. Equities analysts forecast that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KNF. Stephens restated an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company raised their price target 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 MarketBeat.com, Knife River currently has a consensus rating of "Buy" and a consensus price target of $112.80.

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.