Two Sigma Advisers LP Has $22.02 Million Position in Knife River Co. (NYSE:KNF)

Two Sigma Advisers LP lessened its position in Knife River Co. (NYSE:KNF - Free Report) by 27.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 216,600 shares of the company's stock after selling 82,500 shares during the period. Two Sigma Advisers LP owned about 0.38% of Knife River worth $22,015,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. acquired a new stake in shares of Knife River in the 4th quarter valued at $2,703,000. Drive Wealth Management LLC bought a new position in shares of Knife River in the fourth quarter valued at about $2,062,000. Congress Asset Management Co. raised its holdings in shares of Knife River by 2.5% in the fourth quarter. Congress Asset Management Co. now owns 696,245 shares of the company's stock valued at $70,766,000 after buying an additional 16,698 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Knife River in the fourth quarter valued at about $14,600,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Knife River by 15.1% in the fourth quarter. Wells Fargo & Company MN now owns 60,940 shares of the company's stock valued at $6,194,000 after buying an additional 7,975 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company's stock.

Wall Street Analysts Forecast Growth

KNF has been the subject of a number of research analyst reports. Stephens reaffirmed 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 company an "overweight" rating in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River presently has a consensus rating of "Buy" and a consensus target price of $112.80.

Knife River Trading Down 0.6%

NYSE:KNF traded down $0.57 on Friday, hitting $96.11. 210,812 shares of the stock were exchanged, compared to its average volume of 429,569. The stock has a market capitalization of $5.44 billion, a price-to-earnings ratio of 27.15, a P/E/G 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. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The company's 50-day moving average price is $93.23 and its 200 day moving average price is $97.52.

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