Asset Management One Co. Ltd. Increases Holdings in Knife River Corporation (NYSE:KNF)

Asset Management One Co. Ltd. boosted its holdings in Knife River Corporation (NYSE:KNF - Free Report) by 109.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 0.10% of Knife River worth $4,954,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KNF. Sanctuary Advisors LLC grew its position in shares of Knife River by 24.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,093 shares of the company's stock valued at $540,000 after acquiring an additional 1,014 shares during the period. US Bancorp DE lifted its stake in Knife River by 1.4% in the fourth quarter. US Bancorp DE now owns 429,327 shares of the company's stock valued at $43,637,000 after purchasing an additional 5,990 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock valued at $169,000 after purchasing an additional 476 shares during the last quarter. Unified Investment Management bought a new position in Knife River during the fourth quarter valued at $645,000. Finally, Patten Group Inc. increased its position in Knife River by 5.2% in the fourth quarter. Patten Group Inc. now owns 10,396 shares of the company's stock worth $1,057,000 after buying an additional 515 shares during the last quarter. Institutional investors own 80.11% of the company's stock.

Wall Street Analyst Weigh In

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

Knife River Price Performance

NYSE KNF traded down $0.63 on Wednesday, reaching $81.63. 424,453 shares of the company's stock traded hands, compared to its average volume of 453,153. The stock has a market cap of $4.62 billion, a PE ratio of 25.79, a P/E/G ratio of 2.22 and a beta of 0.64. Knife River Corporation has a 12 month low of $67.22 and a 12 month high of $108.83. The stock has a 50-day simple moving average of $91.08 and a 200 day simple moving average of $94.87. 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 (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 for the quarter, compared to the consensus estimate 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 for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.84) EPS. As a group, research analysts predict that Knife River Corporation will post 4.11 earnings per share for the current year.

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.