Segall Bryant & Hamill LLC Has $11.04 Million Stock Position in Knife River Corporation (NYSE:KNF)

Segall Bryant & Hamill LLC reduced its stake in Knife River Corporation (NYSE:KNF - Free Report) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,350 shares of the company's stock after selling 3,451 shares during the quarter. Segall Bryant & Hamill LLC owned 0.22% of Knife River worth $11,037,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KNF. Opal Wealth Advisors LLC bought a new stake in Knife River in the 1st quarter valued at $26,000. Versant Capital Management Inc lifted its position in Knife River by 501.9% in the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock valued at $29,000 after acquiring an additional 271 shares in the last quarter. State of Wyoming bought a new stake in Knife River in the 4th quarter valued at $30,000. Bessemer Group Inc. lifted its position in Knife River by 173.9% in the 1st quarter. Bessemer Group Inc. now owns 545 shares of the company's stock valued at $49,000 after acquiring an additional 346 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Knife River by 239.5% in the 1st quarter. UMB Bank n.a. now owns 567 shares of the company's stock valued at $51,000 after acquiring an additional 400 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on KNF. Royal Bank Of Canada began coverage on shares of Knife River in a research report on Monday, June 16th. They issued an "outperform" rating and a $129.00 price objective on the stock. Wells Fargo & Company boosted 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. Finally, DA Davidson cut their price target on shares of Knife River from $125.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, June 10th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $117.17.

Knife River Stock Up 1.6%

NYSE:KNF traded up $1.24 on Friday, hitting $80.61. 657,451 shares of the company's stock were exchanged, compared to its average volume of 467,464. The firm has a 50-day moving average price of $87.80 and a 200-day moving average price of $92.95. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.94 and a quick ratio of 1.49. Knife River Corporation has a 52 week low of $67.22 and a 52 week high of $108.83. The company has a market cap of $4.57 billion, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 2.08 and a beta of 0.63.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The firm had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. Knife River had a return on equity of 12.83% and a net margin of 6.18%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.84) earnings per share. As a group, analysts expect that Knife River Corporation will post 4.11 EPS for the current fiscal year.

About Knife River

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.