Silvercrest Asset Management Group LLC Has $105.12 Million Holdings in Knife River Co. (NYSE:KNF)

Silvercrest Asset Management Group LLC lifted its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,034,246 shares of the company's stock after buying an additional 17,234 shares during the period. Silvercrest Asset Management Group LLC owned about 1.83% of Knife River worth $105,121,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KNF. Asset Management One Co. Ltd. acquired a new stake in Knife River in the 4th quarter valued at about $2,703,000. Drive Wealth Management LLC bought a new position in Knife River in the 4th quarter valued at about $2,062,000. Congress Asset Management Co. raised its holdings in Knife River by 2.5% in the 4th quarter. Congress Asset Management Co. now owns 696,245 shares of the company's stock valued at $70,766,000 after acquiring an additional 16,698 shares during the period. Raymond James Financial Inc. bought a new position in Knife River in the 4th quarter valued at about $14,600,000. Finally, Wells Fargo & Company MN raised its holdings in Knife River by 15.1% in the 4th quarter. Wells Fargo & Company MN now owns 60,940 shares of the company's stock valued at $6,194,000 after acquiring an additional 7,975 shares during the period. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Price Performance

NYSE:KNF traded down $0.14 during mid-day trading on Monday, reaching $100.67. The stock had a trading volume of 276,558 shares, compared to its average volume of 431,815. The stock has a 50-day simple moving average of $92.56 and a two-hundred day simple moving average of $97.43. The stock has a market capitalization of $5.70 billion, a PE ratio of 28.44, a P/E/G ratio of 2.36 and a beta of 0.96. 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 Co. has a 12 month low of $66.13 and a 12 month high of $108.83.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on KNF shares. Stephens reissued an "overweight" rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company raised their target price on shares of Knife River from $102.00 to $114.00 and gave the stock an "overweight" rating in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Knife River presently has a consensus rating of "Buy" and a consensus target price of $112.80.

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.