Knife River Co. (NYSE:KNF) Shares Sold by Man Group plc

Man Group plc reduced its position in Knife River Co. (NYSE:KNF - Free Report) by 47.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,244 shares of the company's stock after selling 8,390 shares during the period. Man Group plc's holdings in Knife River were worth $940,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its position in Knife River by 156.2% during the third quarter. Barclays PLC now owns 170,101 shares of the company's stock valued at $15,205,000 after buying an additional 103,713 shares in the last quarter. Drive Wealth Management LLC purchased a new position in shares of Knife River in the 4th quarter valued at $2,062,000. KBC Group NV lifted its holdings in shares of Knife River by 37.7% during the 4th quarter. KBC Group NV now owns 2,427 shares of the company's stock valued at $247,000 after acquiring an additional 664 shares in the last quarter. Pacer Advisors Inc. boosted its position in Knife River by 38.4% during the 4th quarter. Pacer Advisors Inc. now owns 11,497 shares of the company's stock worth $1,169,000 after purchasing an additional 3,192 shares during the period. Finally, Moody Aldrich Partners LLC increased its holdings in Knife River by 28.0% in the 4th quarter. Moody Aldrich Partners LLC now owns 85,622 shares of the company's stock valued at $8,703,000 after purchasing an additional 18,745 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on KNF shares. Stephens restated an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company upped their target price on shares of Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River has an average rating of "Buy" and a consensus target price of $112.80.

Knife River Stock Up 3.0%

Shares of Knife River stock traded up $2.93 during trading hours on Tuesday, hitting $99.04. 340,493 shares of the company's stock traded hands, compared to its average volume of 429,213. The stock has a 50 day simple moving average of $93.24 and a 200-day simple moving average of $97.47. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The company has a market cap of $5.61 billion, a PE ratio of 27.98, a PEG ratio of 2.36 and a beta of 0.96. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last announced 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). Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $353.50 million during the quarter, compared to analyst estimates of $343.98 million. During the same period in the previous year, the company earned ($0.84) earnings per share. The business's revenue for the quarter was up 7.3% on a year-over-year basis. Equities research 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.