Knife River Co. (NYSE:KNF) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,702 shares of the company's stock after acquiring an additional 4,234 shares during the period. Rhumbline Advisers owned approximately 0.31% of Knife River worth $15,940,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of KNF. Versant Capital Management Inc grew its holdings in Knife River by 501.9% during the first quarter. Versant Capital Management Inc now owns 325 shares of the company's stock worth $29,000 after acquiring an additional 271 shares during the period. State of Wyoming acquired a new position in Knife River during the fourth quarter worth about $30,000. Larson Financial Group LLC grew its holdings in Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after acquiring an additional 157 shares during the period. Parallel Advisors LLC grew its holdings in Knife River by 74.9% during the first quarter. Parallel Advisors LLC now owns 628 shares of the company's stock worth $57,000 after acquiring an additional 269 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in Knife River during the fourth quarter worth about $79,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KNF has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target on Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Stephens reiterated an "overweight" rating and issued a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $112.80.

Knife River Trading Up 0.0%

NYSE:KNF opened at $92.26 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. Knife River Co. has a 1-year low of $66.51 and a 1-year high of $108.83. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 26.06, a price-to-earnings-growth ratio of 2.36 and a beta of 0.84. The stock has a fifty day simple moving average of $93.44 and a 200 day simple moving average of $97.32.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data 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 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 quarter in the previous year, the business posted ($0.84) earnings per share. The company's revenue was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Knife River Co. will post 4.11 earnings per share for the current year.

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.

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