Frontier Capital Management Co. LLC Has $45.30 Million Position in Knife River Co. (NYSE:KNF)

Frontier Capital Management Co. LLC decreased its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 445,653 shares of the company's stock after selling 84,483 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.79% of Knife River worth $45,296,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. 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 worth $43,000 after buying an additional 157 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after purchasing an additional 227 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of Knife River in the 4th quarter valued at approximately $79,000. Lee Danner & Bass Inc. bought a new stake in Knife River during the 4th quarter worth approximately $109,000. Finally, Physician Wealth Advisors Inc. acquired a new stake in Knife River during the 4th quarter worth approximately $114,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Analyst Upgrades and Downgrades

KNF has been the subject of several research analyst reports. Stephens reiterated 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 initiated coverage on Knife River in a report on Monday, March 10th. They issued an "overweight" rating and a $102.00 price target on the stock. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $110.40.

Knife River Stock Up 3.0%

Shares of NYSE KNF traded up $2.97 during mid-day trading on Tuesday, hitting $102.53. The company had a trading volume of 308,386 shares, compared to its average volume of 429,847. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The company has a market capitalization of $5.81 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. 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 firm has a 50-day simple moving average of $91.56 and a two-hundred day simple moving average of $97.33.

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 the consensus estimate 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 firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.84) EPS. On average, equities analysts expect that Knife River Co. will post 4.11 EPS 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.