Two Sigma Advisers LP Sells 82,500 Shares of Knife River Co. (NYSE:KNF)

Two Sigma Advisers LP decreased its position in Knife River Co. (NYSE:KNF - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 216,600 shares of the company's stock after selling 82,500 shares during the quarter. Two Sigma Advisers LP owned 0.38% of Knife River worth $22,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Wyoming bought a new stake in Knife River in the 4th quarter valued at about $30,000. Larson Financial Group LLC increased its position in Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after acquiring an additional 157 shares during the period. Johnson Financial Group Inc. acquired a new stake in Knife River in the 4th quarter valued at approximately $79,000. Lee Danner & Bass Inc. acquired a new stake in Knife River in the fourth quarter worth about $109,000. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Knife River during the fourth quarter valued at approximately $114,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Stock Down 0.6%

Shares of Knife River stock traded down $0.57 during midday trading on Monday, 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 1-year low of $66.13 and a 1-year 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 firm has a market capitalization of $5.44 billion, a P/E ratio of 27.15, a PEG ratio of 2.36 and a beta of 0.96. The stock has a 50-day simple moving average of $93.23 and a 200-day simple moving average of $97.50.

Knife River (NYSE:KNF - Get Free Report) last announced 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 business 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 was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.84) earnings per share. As a group, sell-side analysts expect that Knife River Co. will post 4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

KNF has been the subject of a number of research analyst reports. Stephens reissued an "overweight" rating and issued a $120.00 price target 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 note on Tuesday, May 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $112.80.

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.