Mariner LLC Raises Stock Position in Knife River Co. (NYSE:KNF)

Mariner LLC lifted its holdings in Knife River Co. (NYSE:KNF - Free Report) by 92.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,766 shares of the company's stock after acquiring an additional 3,258 shares during the period. Mariner LLC's holdings in Knife River were worth $688,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KNF. Bragg Financial Advisors Inc grew its holdings in Knife River by 0.4% during the 4th 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 in the last quarter. Townsquare Capital LLC boosted its stake in Knife River by 16.3% during the fourth quarter. Townsquare Capital LLC now owns 32,896 shares of the company's stock valued at $3,344,000 after buying an additional 4,619 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Knife River by 21.5% during the 4th quarter. Sterling Capital Management LLC now owns 22,522 shares of the company's stock worth $2,289,000 after acquiring an additional 3,980 shares in the last quarter. Kennedy Capital Management LLC increased its position in Knife River by 2.6% in the fourth quarter. Kennedy Capital Management LLC now owns 227,534 shares of the company's stock worth $23,127,000 after purchasing an additional 5,803 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Knife River during the 4th quarter valued at about $14,600,000. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Stock Up 1.0 %

KNF stock traded up $0.97 during trading on Monday, hitting $97.30. 67,697 shares of the company's stock traded hands, compared to its average volume of 422,568. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The business has a fifty day simple moving average of $91.28 and a two-hundred day simple moving average of $97.26. 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 firm has a market capitalization of $5.51 billion, a P/E ratio of 27.47, a PEG ratio of 2.36 and a beta of 0.96.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 14.82% and a net margin of 6.96%. The firm had revenue of $657.20 million during the quarter, compared to analysts' expectations of $655.80 million. Sell-side analysts anticipate that Knife River Co. will post 4.11 EPS for the current year.

Analyst Upgrades and Downgrades

KNF has been the topic of several recent research reports. Stephens restated 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 started coverage on Knife River in a research report on Monday, March 10th. They issued an "overweight" rating and a $102.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River has an average rating of "Buy" and an average target price 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.