Nomura Holdings Inc. Makes New $762,000 Investment in Knife River Co. (NYSE:KNF)

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of KNF. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Knife River by 5.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 421,055 shares of the company's stock worth $42,796,000 after purchasing an additional 22,014 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Knife River in the 4th quarter worth $1,951,000. Granahan Investment Management LLC raised its position in shares of Knife River by 35.9% in the 4th quarter. Granahan Investment Management LLC now owns 161,577 shares of the company's stock worth $16,423,000 after buying an additional 42,720 shares during the period. Deutsche Bank AG raised its position in shares of Knife River by 10.2% in the 4th quarter. Deutsche Bank AG now owns 180,087 shares of the company's stock worth $18,304,000 after buying an additional 16,625 shares during the period. Finally, Driehaus Capital Management LLC raised its position in shares of Knife River by 3.7% in the 4th quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock worth $99,934,000 after buying an additional 34,747 shares during the period. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Price Performance

Knife River stock traded down $0.57 during mid-day trading on Friday, hitting $96.11. The company's stock had a trading volume of 210,812 shares, compared to its average volume of 429,569. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. 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 stock has a market capitalization of $5.44 billion, a P/E ratio of 27.15, a P/E/G ratio of 2.36 and a beta of 0.96. The stock's fifty day moving average price is $93.23 and its two-hundred day moving average price is $97.50.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $343.98 million. During the same quarter in the previous year, the firm posted ($0.84) earnings per share. The company's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts forecast that Knife River Co. will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on KNF shares. Wells Fargo & Company raised their target price on Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research note on Tuesday, May 13th. Stephens reissued an "overweight" rating and issued a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Knife River currently has an average rating of "Buy" and an average target price of $112.80.

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.