Hood River Capital Management LLC Grows Position in Knife River Co. (NYSE:KNF)

Hood River Capital Management LLC raised its holdings in Knife River Co. (NYSE:KNF - Free Report) by 4.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 906,534 shares of the company's stock after acquiring an additional 37,431 shares during the quarter. Knife River makes up 1.4% of Hood River Capital Management LLC's holdings, making the stock its 21st largest holding. Hood River Capital Management LLC owned about 1.60% of Knife River worth $92,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of KNF. MML Investors Services LLC bought a new position in shares of Knife River in the third quarter worth about $255,000. Barclays PLC increased its holdings in 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 bought a new stake in Knife River during the 3rd quarter valued at $365,000. Tidal Investments LLC lifted its holdings in shares of Knife River by 125.7% in the 3rd quarter. Tidal Investments LLC now owns 9,623 shares of the company's stock worth $860,000 after buying an additional 5,360 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Knife River by 10.5% during the 3rd quarter. Franklin Resources Inc. now owns 421,458 shares of the company's stock worth $38,201,000 after buying an additional 39,991 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Stock Down 1.3 %

Shares of Knife River stock traded down $1.18 on Monday, reaching $91.32. The stock had a trading volume of 81,638 shares, compared to its average volume of 421,823. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $5.17 billion, a P/E ratio of 25.77, a P/E/G ratio of 2.36 and a beta of 0.97. The company has a 50 day moving average price of $91.58 and a 200 day moving average price of $97.20. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83.

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

Analyst Ratings Changes

KNF has been the subject of a number of research reports. Wells Fargo & Company started coverage on shares of Knife River in a research note on Monday, March 10th. They issued an "overweight" rating and a $102.00 price objective for the company. Stephens restated an "overweight" rating and set a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $110.40.

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.