MSH Capital Advisors LLC Purchases Shares of 4,149 Knife River Co. (NYSE:KNF)

MSH Capital Advisors LLC purchased a new position in shares of Knife River Co. (NYSE:KNF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,149 shares of the company's stock, valued at approximately $422,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. NewEdge Advisors LLC lifted its position in Knife River by 24.7% during the fourth quarter. NewEdge Advisors LLC now owns 22,876 shares of the company's stock valued at $2,325,000 after purchasing an additional 4,525 shares during the last quarter. PEAK6 LLC purchased a new position in shares of Knife River during the fourth quarter worth approximately $210,000. Guggenheim Capital LLC acquired a new position in Knife River during the fourth quarter worth $633,000. Tribune Investment Group LP purchased a new stake in shares of Knife River in the fourth quarter valued at $4,167,000. Finally, XTX Topco Ltd acquired a new position in shares of Knife River during the 4th quarter valued at $331,000. Institutional investors own 80.11% of the company's stock.

Analyst Upgrades and Downgrades

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

Knife River Trading Up 4.6 %

KNF stock traded up $3.90 during mid-day trading on Tuesday, hitting $88.31. 109,547 shares of the company were exchanged, compared to its average volume of 417,919. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $5.00 billion, a P/E ratio of 24.89, a PEG ratio of 2.36 and a beta of 0.97. The business has a fifty day simple moving average of $92.51 and a 200-day simple moving average of $97.12.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The business had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. On average, equities research analysts predict that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

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.