Knife River Co. (NYSE:KNF) Shares Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC boosted its position in Knife River Co. (NYSE:KNF - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,034,246 shares of the company's stock after purchasing an additional 17,234 shares during the quarter. Silvercrest Asset Management Group LLC owned about 1.83% of Knife River worth $105,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KNF. Larson Financial Group LLC lifted its position 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 buying an additional 157 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in shares of Knife River in the 4th quarter worth $79,000. Lee Danner & Bass Inc. purchased a new position in shares of Knife River during the 4th quarter worth $109,000. Physician Wealth Advisors Inc. acquired a new position in shares of Knife River during the 4th quarter valued at about $114,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock valued at $169,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Stock Down 2.2%

Shares of NYSE:KNF traded down $2.19 during trading on Wednesday, hitting $97.35. 129,414 shares of the company were exchanged, compared to its average volume of 430,604. The firm's 50 day moving average price is $93.02 and its 200-day moving average price is $97.47. Knife River Co. has a 12-month low of $66.13 and a 12-month 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. The stock has a market capitalization of $5.52 billion, a P/E ratio of 27.57, a PEG ratio of 2.36 and a beta of 0.96.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company had revenue of $353.50 million during the quarter, compared to analysts' expectations of $343.98 million. During the same period last year, the firm earned ($0.84) earnings per share. Knife River's revenue was up 7.3% on a year-over-year basis. On average, research analysts predict that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a research report on Tuesday, May 13th. Stephens restated an "overweight" rating and issued 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, the company currently has a consensus rating of "Buy" and an average price target of $112.80.

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.