UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stake in Knife River Co. (NYSE:KNF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 194,803 shares of the company's stock after purchasing an additional 9,071 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.34% of Knife River worth $19,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. State of Wyoming bought a new position in shares of Knife River during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC lifted its holdings in 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 buying an additional 157 shares during the period. Johnson Financial Group Inc. bought a new stake in Knife River during the 4th quarter valued at $79,000. Lee Danner & Bass Inc. purchased a new position in shares of Knife River in the 4th quarter valued at $109,000. Finally, Physician Wealth Advisors Inc. bought a new position in shares of Knife River in the 4th quarter worth $114,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KNF has been the topic of a number of recent research reports. Stephens reaffirmed an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company increased their price target on shares of Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $112.80.

Knife River Stock Down 2.6%

Shares of KNF traded down $2.45 during midday trading on Monday, hitting $91.66. 279,249 shares of the company's stock traded hands, compared to its average volume of 429,671. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The firm's fifty day moving average is $93.29 and its 200-day moving average is $97.43.

Knife River (NYSE:KNF - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 6.96% and a return on equity of 14.82%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.84) earnings per share. As a group, sell-side analysts anticipate 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.