NewEdge Advisors LLC Acquires 4,525 Shares of Knife River Co. (NYSE:KNF)

NewEdge Advisors LLC raised its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,876 shares of the company's stock after buying an additional 4,525 shares during the quarter. NewEdge Advisors LLC's holdings in Knife River were worth $2,325,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System lifted its stake in Knife River by 0.8% during the fourth quarter. Arizona State Retirement System now owns 15,609 shares of the company's stock worth $1,586,000 after purchasing an additional 124 shares during the last quarter. Larson Financial Group LLC grew 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 valued at $43,000 after acquiring an additional 157 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Knife River by 1.1% during the fourth quarter. Private Advisor Group LLC now owns 15,696 shares of the company's stock worth $1,595,000 after acquiring an additional 170 shares in the last quarter. Bragg Financial Advisors Inc lifted its holdings in shares of Knife River by 0.4% in the 4th quarter. Bragg Financial Advisors Inc now owns 45,365 shares of the company's stock worth $4,611,000 after acquiring an additional 185 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Knife River by 1.6% in the 4th quarter. Natixis Advisors LLC now owns 13,244 shares of the company's stock valued at $1,346,000 after purchasing an additional 203 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Trading Down 1.2 %

NYSE:KNF traded down $1.12 during mid-day trading on Friday, reaching $92.46. 332,551 shares of the company's stock traded hands, compared to its average volume of 423,165. The company has a 50 day moving average price of $91.58 and a 200-day moving average price of $97.20. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 2.36 and a beta of 0.97. 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 earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. On average, sell-side analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on KNF. Stephens reissued an "overweight" rating and issued a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Wells Fargo & Company started coverage on Knife River in a report on Monday, March 10th. They set an "overweight" rating and a $102.00 target price for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target 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.