Universal Beteiligungs und Servicegesellschaft mbH Invests $13.36 Million in Knife River Co. (NYSE:KNF)

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Knife River Co. (NYSE:KNF - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 131,434 shares of the company's stock, valued at approximately $13,359,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.23% of Knife River at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in Knife River during the 4th quarter valued at $30,000. Larson Financial Group LLC raised its stake in Knife River by 58.6% during 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 in the last quarter. Johnson Financial Group Inc. bought a new stake in Knife River during the 4th quarter valued at $79,000. Lee Danner & Bass Inc. bought a new stake in Knife River during the 4th quarter valued at $109,000. Finally, Physician Wealth Advisors Inc. bought a new stake in Knife River during the 4th quarter valued at $114,000. Institutional investors own 80.11% of the company's stock.

Knife River Price Performance

Shares of KNF traded up $3.66 during midday trading on Tuesday, reaching $95.37. The stock had a trading volume of 413,776 shares, compared to its average volume of 429,748. 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 current ratio of 2.67 and a quick ratio of 1.64. The firm's 50 day moving average price is $93.34 and its 200-day moving average price is $97.41. The company has a market capitalization of $5.40 billion, a P/E ratio of 26.94, a P/E/G ratio of 2.36 and a beta of 0.96.

Knife River (NYSE:KNF - Get Free Report) last posted 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). Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm had revenue of $353.50 million during the quarter, compared to the consensus estimate of $343.98 million. During the same period in the prior year, the firm posted ($0.84) EPS. The firm's quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

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