Knife River Co. (NYSE:KNF) Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC decreased its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,110,027 shares of the company's stock after selling 23,839 shares during the quarter. Knife River comprises 1.2% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 20th largest holding. Gilder Gagnon Howe & Co. LLC owned approximately 1.96% of Knife River worth $112,823,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of KNF. Barclays PLC boosted its position in shares of Knife River by 156.2% during the 3rd quarter. Barclays PLC now owns 170,101 shares of the company's stock worth $15,205,000 after purchasing an additional 103,713 shares during the period. Sanctuary Advisors LLC purchased a new stake in Knife River during the 3rd quarter worth about $365,000. Tidal Investments LLC raised its holdings in Knife River by 125.7% in the third quarter. Tidal Investments LLC now owns 9,623 shares of the company's stock valued at $860,000 after acquiring an additional 5,360 shares in the last quarter. Franklin Resources Inc. raised its stake in Knife River by 10.5% in the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company's stock valued at $38,201,000 after buying an additional 39,991 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Knife River by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company's stock worth $18,695,000 after acquiring an additional 49,785 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company's stock.

Knife River Price Performance

Shares of KNF stock traded up $2.08 during midday trading on Thursday, reaching $95.46. 163,867 shares of the company traded hands, compared to its average volume of 421,927. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. The firm has a market cap of $5.41 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The firm's 50 day simple moving average is $91.19 and its two-hundred day simple moving average is $97.16. 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 earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. On average, equities research analysts expect that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wells Fargo & Company began coverage on shares of Knife River in a research note on Monday, March 10th. They set an "overweight" rating and a $102.00 price target on the stock. 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $110.40.

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.