Knife River Co. (NYSE:KNF) Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Knife River Co. (NYSE:KNF - Free Report) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421,055 shares of the company's stock after purchasing an additional 22,014 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.74% of Knife River worth $42,796,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in 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 purchasing an additional 157 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in Knife River during the fourth quarter worth about $79,000. Lee Danner & Bass Inc. purchased a new position in Knife River during the fourth quarter worth about $109,000. Physician Wealth Advisors Inc. purchased a new position in Knife River during the fourth quarter worth about $114,000. Finally, Jones Financial Companies Lllp raised its holdings in Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after purchasing an additional 476 shares in the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNF has been the subject of several analyst reports. Stephens reissued an "overweight" rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company upped their target price on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a research report on Tuesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $112.80.

Knife River Price Performance

KNF traded up $1.09 on Friday, hitting $100.81. 344,142 shares of the company were exchanged, compared to its average volume of 431,864. 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 business's fifty day moving average is $92.56 and its 200 day moving average is $97.44. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The firm has a market capitalization of $5.71 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The business had revenue of $353.50 million during the quarter, compared to analyst estimates of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.84) earnings per share. As a group, sell-side analysts anticipate 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.