Knife River Co. (NYSE:KNF) Position Lessened by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC decreased its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,711 shares of the company's stock after selling 3,909 shares during the period. Keeley Teton Advisors LLC owned 0.06% of Knife River worth $3,223,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Arizona State Retirement System increased its position in 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 purchasing an additional 124 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of 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 buying an additional 157 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Knife River by 1.1% in the fourth quarter. Private Advisor Group LLC now owns 15,696 shares of the company's stock valued at $1,595,000 after buying an additional 170 shares during the last quarter. Bragg Financial Advisors Inc lifted its stake in shares of Knife River by 0.4% during the fourth quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company's stock valued at $4,611,000 after buying an additional 185 shares during the period. Finally, Natixis Advisors LLC boosted its position in Knife River by 1.6% during the fourth quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock worth $1,346,000 after acquiring an additional 203 shares during the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KNF. Wells Fargo & Company started coverage on Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 target price on the stock. Stephens reiterated an "overweight" rating and set a $120.00 price objective on shares of Knife River in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River presently has an average rating of "Buy" and a consensus target price of $110.40.

Knife River Trading Down 1.5 %

Knife River stock traded down $1.40 during midday trading on Friday, reaching $91.67. The stock had a trading volume of 330,013 shares, compared to its average volume of 419,105. The stock has a market capitalization of $5.19 billion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The stock's 50-day simple moving average is $92.77 and its 200 day simple moving average is $97.09. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83.

Knife River (NYSE:KNF - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $657.20 million during the quarter, compared to analysts' expectations of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. 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.