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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Knife River Co. (NYSE:KNF - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 approximately 0.34% of Knife River worth $19,800,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in Knife River by 45.2% in the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock worth $196,829,000 after purchasing an additional 603,170 shares in the last quarter. Alliancebernstein L.P. grew its stake in Knife River by 830.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock worth $111,965,000 after acquiring an additional 983,223 shares in the last quarter. Silvercrest Asset Management Group LLC grew its stake in Knife River by 1.7% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,034,246 shares of the company's stock worth $105,121,000 after acquiring an additional 17,234 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Knife River by 3.7% in the 4th quarter. Driehaus Capital Management LLC now owns 983,212 shares of the company's stock worth $99,934,000 after acquiring an additional 34,747 shares in the last quarter. Finally, Hood River Capital Management LLC boosted its stake in shares of Knife River by 4.3% during the fourth quarter. Hood River Capital Management LLC now owns 906,534 shares of the company's stock valued at $92,140,000 after purchasing an additional 37,431 shares in the last quarter. Institutional investors own 80.11% of the company's stock.

Knife River Stock Up 0.2%

Shares of NYSE:KNF traded up $0.17 during trading on Friday, hitting $94.29. 479,538 shares of the company were exchanged, compared to its average volume of 430,631. The firm's 50 day moving average price is $93.44 and its 200-day moving average price is $97.43. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83. The stock has a market capitalization of $5.34 billion, a P/E ratio of 26.64, a PEG ratio of 2.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share 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 business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned ($0.84) earnings per share. On average, research analysts predict that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on KNF. 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 lifted their target price 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 research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $112.80.

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.