Knife River Co. (NYSE:KNF) Shares Purchased by NBC Securities Inc.

NBC Securities Inc. boosted its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 107,325.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,297 shares of the company's stock after buying an additional 4,293 shares during the period. NBC Securities Inc.'s holdings in Knife River were worth $387,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its holdings in shares of Knife River by 0.8% in the fourth quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock valued at $1,586,000 after purchasing an additional 124 shares during the period. 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. Private Advisor Group LLC grew its holdings in Knife River by 1.1% during the fourth quarter. Private Advisor Group LLC now owns 15,696 shares of the company's stock worth $1,595,000 after acquiring an additional 170 shares during the period. Bragg Financial Advisors Inc grew its holdings in Knife River by 0.4% during the fourth quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company's stock worth $4,611,000 after acquiring an additional 185 shares during the period. Finally, Natixis Advisors LLC grew its holdings in Knife River by 1.6% during the fourth quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock worth $1,346,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 80.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stephens reiterated an "overweight" rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. 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 research report on Tuesday, May 13th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River has an average rating of "Buy" and an average price target of $112.80.

Knife River Price Performance

Shares of NYSE:KNF traded up $0.03 on Friday, hitting $92.26. The company had a trading volume of 295,403 shares, compared to its average volume of 429,687. 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 Co. has a 52-week low of $66.51 and a 52-week high of $108.83. The business has a 50 day moving average of $93.44 and a 200 day moving average of $97.31. The company has a market cap of $5.23 billion, a PE ratio of 26.06, a PEG ratio of 2.36 and a beta of 0.84.

Knife River (NYSE:KNF - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The business had revenue of $353.50 million during the quarter, compared to analyst estimates of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.84) earnings per share. As a group, equities analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current fiscal 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.