NBC Securities Inc. Increases Stock Holdings in Knife River Co. (NYSE:KNF)

NBC Securities Inc. grew its stake in Knife River Co. (NYSE:KNF - Free Report) by 107,325.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,297 shares of the company's stock after purchasing an additional 4,293 shares during the period. NBC Securities Inc.'s holdings in Knife River were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Research Global Investors lifted its stake in shares of Knife River by 45.2% in the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock valued at $196,829,000 after purchasing an additional 603,170 shares during the period. Alliancebernstein L.P. lifted its position in shares of Knife River by 830.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock valued at $111,965,000 after buying an additional 983,223 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in Knife River by 1.7% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,034,246 shares of the company's stock valued at $105,121,000 after purchasing an additional 17,234 shares in the last quarter. Driehaus Capital Management LLC grew its position in shares of Knife River by 3.7% in 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 increased its stake in shares of Knife River by 4.3% during 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. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Price Performance

KNF traded down $3.54 on Tuesday, reaching $89.21. 767,553 shares of the company's stock were exchanged, compared to its average volume of 430,478. Knife River Co. has a twelve month low of $66.51 and a twelve month high of $108.83. The stock has a market cap of $5.05 billion, a PE ratio of 25.20, a P/E/G ratio of 2.36 and a beta of 0.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The stock's fifty day moving average price is $93.39 and its 200-day moving average price is $97.22.

Knife River (NYSE:KNF - Get Free Report) last released 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%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the business earned ($0.84) earnings per share. Sell-side analysts expect that Knife River Co. will post 4.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 13th. Stephens reissued an "overweight" rating and set a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Finally, DA Davidson decreased their target price on Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $114.80.

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.