Thurston Springer Miller Herd & Titak Inc. Purchases 8,927 Shares of Knife River Co. (NYSE:KNF)

Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 9,109.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,025 shares of the company's stock after acquiring an additional 8,927 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Knife River were worth $814,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KNF. Asset Management One Co. Ltd. bought a new position in shares of Knife River in the fourth quarter valued at $2,703,000. Congress Asset Management Co. increased its position in shares of Knife River by 2.5% during the 4th quarter. Congress Asset Management Co. now owns 696,245 shares of the company's stock valued at $70,766,000 after purchasing an additional 16,698 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Knife River in the 4th quarter worth approximately $14,600,000. Wells Fargo & Company MN lifted its stake in Knife River by 15.1% during the fourth quarter. Wells Fargo & Company MN now owns 60,940 shares of the company's stock worth $6,194,000 after purchasing an additional 7,975 shares during the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Knife River by 1.6% in the fourth quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock worth $1,346,000 after buying an additional 203 shares during the period. Institutional investors own 80.11% of the company's stock.

Wall Street Analysts Forecast Growth

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

Knife River Price Performance

Shares of KNF traded up $0.63 on Monday, hitting $92.91. The company's stock had a trading volume of 335,474 shares, compared to its average volume of 429,310. The company has a market capitalization of $5.26 billion, a PE ratio of 26.25, a PEG ratio of 2.36 and a beta of 0.84. 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 company has a 50 day moving average price of $93.44 and a 200 day moving average price of $97.29. Knife River Co. has a fifty-two week low of $66.51 and a fifty-two week high of $108.83.

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

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.