Mariner LLC Buys 3,258 Shares of Knife River Co. (NYSE:KNF)

Mariner LLC raised its stake in shares of Knife River Co. (NYSE:KNF - Free Report) by 92.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,766 shares of the company's stock after purchasing 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 quarter.

Several other institutional investors have also added to or reduced their stakes in KNF. Larson Financial Group LLC boosted its position in Knife River by 58.6% in 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 during the last quarter. GAMMA Investing LLC lifted its position in shares of Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after acquiring an additional 227 shares in the last quarter. Lee Danner & Bass Inc. purchased a new position in shares of Knife River in the fourth quarter valued at $109,000. Physician Wealth Advisors Inc. bought a new stake in shares of Knife River during the 4th quarter valued at $114,000. Finally, Jones Financial Companies Lllp lifted its holdings in Knife River by 40.2% during the 4th 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Knife River Trading Up 2.4 %

KNF stock traded up $2.30 during trading on Friday, reaching $96.22. The company had a trading volume of 457,582 shares, compared to its average volume of 423,841. The company has a market cap of $5.45 billion, a P/E ratio of 27.18, a PEG ratio of 2.36 and a beta of 0.96. The business has a 50 day moving average of $91.28 and a 200 day moving average of $97.22. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64.

Knife River (NYSE:KNF - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. The firm had revenue of $657.20 million for 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%. As a group, sell-side analysts forecast that Knife River Co. will post 4.11 earnings per share for the current fiscal 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.