Nomura Holdings Inc. Buys New Position in Knife River Co. (NYSE:KNF)

Nomura Holdings Inc. bought a new stake in Knife River Co. (NYSE:KNF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,498 shares of the company's stock, valued at approximately $762,000.

Several other institutional investors have also added to or reduced their stakes in KNF. Barclays PLC boosted its holdings in Knife River by 156.2% in the third quarter. Barclays PLC now owns 170,101 shares of the company's stock valued at $15,205,000 after acquiring an additional 103,713 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in Knife River in the fourth quarter valued at approximately $681,000. Drive Wealth Management LLC acquired a new position in Knife River in the fourth quarter valued at approximately $2,062,000. KBC Group NV boosted 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 worth $247,000 after buying an additional 664 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of 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 buying an additional 3,192 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Price Performance

Shares of NYSE:KNF opened at $100.67 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The stock's 50 day moving average is $92.79 and its 200-day moving average is $97.46. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 2.36 and a beta of 0.96.

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 firm had revenue of $353.50 million for 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. Knife River's revenue for the quarter was up 7.3% compared to the same quarter last year. Sell-side analysts forecast that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KNF. Stephens restated an "overweight" rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company increased their price target on Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock 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.

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