Knife River Co. (NYSE:KNF) Position Boosted by First Trust Advisors LP

First Trust Advisors LP raised its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,584 shares of the company's stock after purchasing an additional 21,586 shares during the period. First Trust Advisors LP owned 0.29% of Knife River worth $16,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KNF. Arizona State Retirement System raised its position in shares of Knife River by 0.8% during the 4th quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock worth $1,586,000 after buying an additional 124 shares in the last quarter. Larson Financial Group LLC raised 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 purchasing an additional 157 shares in the last quarter. Private Advisor Group LLC lifted its position in Knife River by 1.1% in the fourth quarter. Private Advisor Group LLC now owns 15,696 shares of the company's stock worth $1,595,000 after purchasing an additional 170 shares during the period. Bragg Financial Advisors Inc boosted its stake in Knife River by 0.4% during the 4th quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company's stock valued at $4,611,000 after purchasing an additional 185 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Knife River by 1.6% during the 4th quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock valued at $1,346,000 after purchasing an additional 203 shares during the period. Institutional investors own 80.11% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KNF. Stephens restated an "overweight" rating and issued a $120.00 price objective on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company initiated coverage on shares of Knife River in a report on Monday, March 10th. They issued an "overweight" rating and a $102.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, Knife River has an average rating of "Buy" and a consensus price target of $110.40.

Knife River Trading Up 4.7 %

Shares of Knife River stock traded up $4.43 on Friday, reaching $98.35. 105,795 shares of the company were exchanged, compared to its average volume of 465,060. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The stock has a fifty day moving average price of $91.22 and a 200-day moving average price of $97.18.

Knife River (NYSE:KNF - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. On average, analysts expect that Knife River Co. will post 4.11 EPS for the current year.

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.