6,227 Shares in Knife River Co. (NYSE:KNF) Purchased by Guggenheim Capital LLC

Guggenheim Capital LLC purchased a new stake in Knife River Co. (NYSE:KNF - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,227 shares of the company's stock, valued at approximately $633,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KNF. Alliancebernstein L.P. grew its holdings in shares of Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock worth $111,965,000 after buying an additional 983,223 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Knife River by 1,200.8% during the 4th quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock worth $90,224,000 after acquiring an additional 819,439 shares during the period. Invesco Ltd. increased its position in Knife River by 83.7% during the fourth quarter. Invesco Ltd. now owns 879,796 shares of the company's stock worth $89,422,000 after purchasing an additional 400,954 shares during the last quarter. Congress Asset Management Co. raised its stake in Knife River by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 696,245 shares of the company's stock worth $70,766,000 after purchasing an additional 16,698 shares during the period. Finally, Norges Bank purchased a new stake in shares of Knife River during the 4th quarter valued at $66,631,000. Hedge funds and other institutional investors own 80.11% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company started coverage on Knife River in a report on Monday, March 10th. They issued an "overweight" rating and a $102.00 target price on the stock. Stephens reaffirmed an "overweight" rating and issued a $120.00 price objective 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 has a consensus rating of "Buy" and a consensus price target of $110.40.

Knife River Stock Up 1.2 %

Shares of KNF traded up $1.07 during midday trading on Wednesday, reaching $93.42. 451,992 shares of the company were exchanged, compared to its average volume of 422,943. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. The stock has a 50-day moving average price of $91.19 and a 200-day moving average price of $97.16. 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 company has a market cap of $5.29 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.36 and a beta of 0.97.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Research analysts expect that Knife River Co. will post 4.11 earnings per share 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.