Gotham Asset Management LLC Sells 6,288 Shares of Knife River Co. (NYSE:KNF)

Gotham Asset Management LLC lowered its position in Knife River Co. (NYSE:KNF - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,669 shares of the company's stock after selling 6,288 shares during the period. Gotham Asset Management LLC's holdings in Knife River were worth $1,999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in shares of Knife River by 58.6% during the 4th 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. bought a new stake in shares of Knife River during the 4th quarter worth $79,000. Lee Danner & Bass Inc. bought a new stake in Knife River in the fourth quarter worth about $109,000. Physician Wealth Advisors Inc. bought a new position in shares of Knife River during the 4th quarter valued at approximately $114,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Knife River by 40.2% in 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 during the period. Institutional investors own 80.11% of the company's stock.

Knife River Trading Down 0.1%

NYSE:KNF traded down $0.14 during trading hours on Monday, hitting $100.67. The company had a trading volume of 276,558 shares, compared to its average volume of 431,815. 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 52 week low of $66.13 and a 52 week high of $108.83. The company has a market capitalization of $5.70 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The stock has a 50-day moving average price of $92.56 and a 200 day moving average price of $97.43.

Knife River (NYSE:KNF - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing analysts' consensus estimates of ($0.89) by ($0.32). The business had revenue of $353.50 million for 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.84) EPS. On average, equities research analysts predict that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Stephens reissued an "overweight" rating and issued a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company boosted their target price on shares of Knife River from $102.00 to $114.00 and gave the company an "overweight" rating in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $112.80.

About Knife River

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.