MetLife Investment Management LLC Increases Holdings in Knife River Co. (NYSE:KNF)

MetLife Investment Management LLC boosted its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,360 shares of the company's stock after acquiring an additional 4,999 shares during the period. MetLife Investment Management LLC owned about 0.12% of Knife River worth $6,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in KNF. Larson Financial Group LLC increased its holdings 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 buying an additional 157 shares during the period. GAMMA Investing LLC increased its holdings in shares of Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company's stock valued at $55,000 after acquiring an additional 227 shares during the period. Lee Danner & Bass Inc. bought a new position in shares of Knife River in the 4th quarter worth $109,000. Physician Wealth Advisors Inc. purchased a new stake in shares of Knife River during the 4th quarter worth $114,000. Finally, Jones Financial Companies Lllp boosted its position in Knife River by 40.2% during 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 in the last quarter. Hedge funds and other institutional investors own 80.11% of the company's stock.

Knife River Stock Down 0.9 %

NYSE KNF traded down $0.86 during trading on Monday, hitting $91.65. The company's stock had a trading volume of 37,394 shares, compared to its average volume of 421,650. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The company has a market cap of $5.19 billion, a PE ratio of 25.88, a P/E/G 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. The business's 50 day simple moving average is $91.58 and its 200-day simple moving average is $97.20.

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. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company had revenue of $657.20 million during the quarter, compared to analysts' expectations of $655.80 million. On average, equities analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wells Fargo & Company started coverage on shares of Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 price target for the company. Stephens reissued an "overweight" rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $110.40.

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.