Knife River Corporation (NYSE:KNF) Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. grew its holdings in shares of Knife River Corporation (NYSE:KNF - Free Report) by 109.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,921 shares of the company's stock after purchasing an additional 28,669 shares during the period. Asset Management One Co. Ltd. owned approximately 0.10% of Knife River worth $4,954,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Knife River during the 1st quarter valued at about $26,000. State of Wyoming acquired a new position in shares of Knife River in the fourth quarter worth about $30,000. Versant Capital Management Inc boosted its holdings in shares of 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 purchasing an additional 271 shares during the period. Larson Financial Group LLC boosted its holdings in shares of 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 purchasing an additional 157 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Knife River by 239.5% during the first quarter. UMB Bank n.a. now owns 567 shares of the company's stock worth $51,000 after purchasing an additional 400 shares during the period. Institutional investors own 80.11% of the company's stock.

Knife River Price Performance

NYSE KNF opened at $82.94 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.94 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $4.70 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The company has a 50 day moving average price of $91.26 and a two-hundred day moving average price of $95.18. Knife River Corporation has a 12-month low of $67.22 and a 12-month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) 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 analyst estimates of $343.98 million. Knife River had a net margin of 6.18% and a return on equity of 12.83%. Knife River's revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.84) earnings per share. As a group, equities analysts predict that Knife River Corporation will post 4.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on KNF shares. Royal Bank Of Canada started coverage on shares of Knife River in a report on Monday, June 16th. They set an "outperform" rating and a $129.00 price target for the company. Wells Fargo & Company raised their price target on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Finally, DA Davidson decreased their price target on shares of Knife River from $125.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, June 10th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Knife River has a consensus rating of "Buy" and a consensus price target of $117.17.

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.

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