15,825 Shares in Knife River Corporation (NYSE:KNF) Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC purchased a new stake in Knife River Corporation (NYSE:KNF - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 15,825 shares of the company's stock, valued at approximately $1,428,000.

Several other hedge funds have also bought and sold shares of KNF. Opal Wealth Advisors LLC bought a new stake in shares of Knife River in the first quarter worth about $26,000. Versant Capital Management Inc increased its stake in Knife River by 501.9% in the 1st quarter. Versant Capital Management Inc now owns 325 shares of the company's stock worth $29,000 after acquiring an additional 271 shares during the last quarter. State of Wyoming purchased a new stake in shares of Knife River during the 4th quarter worth approximately $30,000. Larson Financial Group LLC boosted its position in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after acquiring an additional 157 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Knife River by 173.9% during 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 during the last quarter. Hedge funds and other institutional investors own 80.11% of the company's stock.

Analyst Ratings Changes

KNF has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Royal Bank Of Canada began coverage on shares of Knife River in a research note on Monday, June 16th. They set an "outperform" rating and a $129.00 price objective for the company. Finally, DA Davidson reduced 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 research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $117.17.

Knife River Trading Down 1.5%

Shares of NYSE KNF traded down $1.23 during midday trading on Monday, hitting $81.54. The company's stock had a trading volume of 584,261 shares, compared to its average volume of 451,496. Knife River Corporation has a 12-month low of $67.22 and a 12-month high of $108.83. The firm has a market cap of $4.62 billion, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 2.25 and a beta of 0.84. The business's 50 day moving average is $91.21 and its two-hundred day moving average is $94.96. The company has a current ratio of 2.94, a quick ratio of 1.49 and a debt-to-equity ratio of 0.82.

Knife River (NYSE:KNF - Get Free Report) last issued 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). Knife River had a net margin of 6.18% and a return on equity of 12.83%. The firm had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. During the same period last year, the firm earned ($0.84) earnings per share. The company's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that Knife River Corporation will post 4.11 EPS 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.