Squarepoint Ops LLC Buys Shares of 6,806 Knife River Co. (NYSE:KNF)

Squarepoint Ops LLC purchased a new position in Knife River Co. (NYSE:KNF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,806 shares of the company's stock, valued at approximately $692,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State of Wyoming purchased a new position in Knife River during the 4th quarter valued at approximately $30,000. Larson Financial Group LLC grew its holdings in shares of 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 in the last quarter. Johnson Financial Group Inc. bought a new stake in Knife River in the fourth quarter worth $79,000. Lee Danner & Bass Inc. purchased a new stake in Knife River during the fourth quarter valued at $109,000. Finally, Physician Wealth Advisors Inc. bought a new position in Knife River during the fourth quarter valued at $114,000. 80.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Knife River Trading Up 0.0%

NYSE KNF traded up $0.03 on Friday, hitting $92.26. 295,403 shares of the stock were exchanged, compared to its average volume of 429,553. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a 52-week low of $66.51 and a 52-week high of $108.83. The firm has a market capitalization of $5.23 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.36 and a beta of 0.84. The stock has a fifty day moving average price of $93.44 and a two-hundred day moving average price of $97.36.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). The firm had revenue of $353.50 million for the quarter, compared to analysts' expectations of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Knife River's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.84) earnings per share. Research analysts forecast that Knife River Co. will post 4.11 EPS 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.