Knife River Co. (NYSE:KNF) Stock Position Cut by Man Group plc

Man Group plc decreased its stake in Knife River Co. (NYSE:KNF - Free Report) by 47.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its holdings in Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after purchasing an additional 157 shares during the period. Johnson Financial Group Inc. purchased a new stake in Knife River in the fourth quarter valued at approximately $79,000. Lee Danner & Bass Inc. purchased a new stake in Knife River in the fourth quarter valued at approximately $109,000. Physician Wealth Advisors Inc. purchased a new stake in Knife River in the fourth quarter valued at approximately $114,000. Finally, Jones Financial Companies Lllp grew its holdings 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 period. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Stock Down 0.5%

KNF traded down $0.48 during trading on Thursday, hitting $94.68. The company had a trading volume of 39,419 shares, compared to its average volume of 465,042. The company has a market cap of $5.36 billion, a PE ratio of 26.74, a P/E/G ratio of 2.36 and a beta of 0.96. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. The business has a 50-day moving average of $93.49 and a 200-day moving average of $97.46. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64.

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 return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. During the same period last year, the company posted ($0.84) earnings per share. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts forecast that Knife River Co. will post 4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.