Nuveen Asset Management LLC Has $51.78 Million Stock Holdings in Knife River Co. (NYSE:KNF)

Nuveen Asset Management LLC lowered its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 509,408 shares of the company's stock after selling 135,472 shares during the quarter. Nuveen Asset Management LLC owned 0.90% of Knife River worth $51,776,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after buying an additional 157 shares in the last quarter. Johnson Financial Group Inc. bought a new position in shares of Knife River during the fourth quarter worth about $79,000. Lee Danner & Bass Inc. bought a new position in shares of Knife River during the fourth quarter worth about $109,000. Physician Wealth Advisors Inc. bought a new position in shares of Knife River during the fourth quarter worth about $114,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after buying an additional 476 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Stock Down 0.6%

KNF stock traded down $0.57 during mid-day trading on Friday, reaching $96.11. The company had a trading volume of 210,812 shares, compared to its average volume of 429,569. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The stock has a 50 day simple moving average of $93.23 and a two-hundred day simple moving average of $97.52. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.36 and a beta of 0.96. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly 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). The company had revenue of $353.50 million during the quarter, compared to the consensus estimate of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.84) earnings per share. As a group, equities analysts predict that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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