Two Sigma Investments LP Sells 141,304 Shares of Knife River Co. (NYSE:KNF)

Two Sigma Investments LP trimmed its position in Knife River Co. (NYSE:KNF - Free Report) by 57.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,098 shares of the company's stock after selling 141,304 shares during the quarter. Two Sigma Investments LP owned 0.18% of Knife River worth $10,479,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KNF. Asset Management One Co. Ltd. purchased a new position in shares of Knife River in the fourth quarter valued at about $2,703,000. Drive Wealth Management LLC purchased a new position in Knife River during the 4th quarter valued at about $2,062,000. Congress Asset Management Co. lifted its holdings in shares of Knife River by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 696,245 shares of the company's stock valued at $70,766,000 after purchasing an additional 16,698 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Knife River in the 4th quarter worth approximately $14,600,000. Finally, Wells Fargo & Company MN grew its stake in shares of Knife River by 15.1% in the 4th quarter. Wells Fargo & Company MN now owns 60,940 shares of the company's stock worth $6,194,000 after buying an additional 7,975 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Down 1.0%

Shares of Knife River stock traded down $0.92 on Thursday, reaching $94.24. The company's stock had a trading volume of 144,057 shares, compared to its average volume of 466,152. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83. The firm's fifty day simple moving average is $93.49 and its two-hundred day simple moving average is $97.46. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 26.62, a P/E/G ratio of 2.36 and a beta of 0.96.

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 14.82% and a net margin of 6.96%. 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. Equities analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KNF shares. Wells Fargo & Company boosted their target price on Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a 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 note on Friday, February 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price 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.