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

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 9,109.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,025 shares of the company's stock after buying an additional 8,927 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Knife River were worth $814,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. State of Wyoming acquired a new stake in shares of Knife River during the fourth quarter worth $30,000. Versant Capital Management Inc grew its stake in shares of Knife River by 501.9% during the first quarter. Versant Capital Management Inc now owns 325 shares of the company's stock worth $29,000 after buying an additional 271 shares during the last quarter. Larson Financial Group LLC lifted 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 purchasing an additional 157 shares during the period. Parallel Advisors LLC lifted its holdings in Knife River by 74.9% in the first quarter. Parallel Advisors LLC now owns 628 shares of the company's stock valued at $57,000 after buying an additional 269 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in Knife River in the fourth quarter worth $79,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Knife River Stock Down 1.0%

Shares of NYSE KNF opened at $91.97 on Friday. The stock has a market cap of $5.21 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. 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 business has a 50-day moving average price of $93.41 and a 200 day moving average price of $97.38. Knife River Co. has a 52-week low of $66.51 and a 52-week high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). The company had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company'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 firm earned ($0.84) EPS. Equities research analysts forecast that Knife River Co. will post 4.11 earnings per share for the current year.

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.

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