Rhumbline Advisers Increases Stake in Knife River Co. (NYSE:KNF)

Rhumbline Advisers boosted its stake in Knife River Co. (NYSE:KNF - Free Report) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,702 shares of the company's stock after purchasing an additional 4,234 shares during the quarter. Rhumbline Advisers owned about 0.31% of Knife River worth $15,940,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Asset Management One Co. Ltd. acquired a new position in shares of Knife River during the fourth quarter valued at about $2,703,000. Congress Asset Management Co. raised its position 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 acquiring an additional 16,698 shares during the period. Raymond James Financial Inc. bought a new stake in Knife River in the fourth quarter worth about $14,600,000. Wells Fargo & Company MN raised its position in shares of Knife River by 15.1% in the fourth quarter. Wells Fargo & Company MN now owns 60,940 shares of the company's stock valued at $6,194,000 after purchasing an additional 7,975 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Knife River by 74.9% in the first quarter. Parallel Advisors LLC now owns 628 shares of the company's stock valued at $57,000 after purchasing an additional 269 shares during the period. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Trading Down 5.6%

NYSE:KNF traded down $5.00 during midday trading on Wednesday, reaching $84.18. 1,085,771 shares of the stock traded hands, compared to its average volume of 433,536. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a 12 month low of $66.51 and a 12 month high of $108.83. The stock has a market capitalization of $4.77 billion, a P/E ratio of 23.78, a PEG ratio of 2.36 and a beta of 0.84. The company has a fifty day moving average of $93.35 and a 200 day moving average of $97.17.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The company had revenue of $353.50 million during the quarter, compared to the consensus estimate of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.84) earnings per share. On average, research analysts predict that Knife River Co. will post 4.11 EPS for the current year.

Analyst Ratings Changes

KNF has been the topic of a number of analyst reports. DA Davidson decreased their target price on shares of Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday. Stephens reissued an "overweight" rating and issued a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Finally, Wells Fargo & Company upped their price objective on shares of Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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.