Moody Aldrich Partners LLC Raises Stock Holdings in Knife River Co. (NYSE:KNF)

Moody Aldrich Partners LLC increased its holdings in Knife River Co. (NYSE:KNF - Free Report) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 121,880 shares of the company's stock after buying an additional 21,136 shares during the period. Knife River comprises approximately 1.5% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 11th biggest holding. Moody Aldrich Partners LLC owned about 0.22% of Knife River worth $8,066,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KNF. Cascade Investment Advisors Inc. increased its position in shares of Knife River by 1.4% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,157 shares of the company's stock worth $1,069,000 after purchasing an additional 225 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Knife River by 2.9% during the third quarter. Victory Capital Management Inc. now owns 9,441 shares of the company's stock worth $461,000 after purchasing an additional 265 shares in the last quarter. CWM LLC increased its position in shares of Knife River by 18.7% during the third quarter. CWM LLC now owns 1,986 shares of the company's stock worth $97,000 after purchasing an additional 313 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Knife River by 3.5% during the third quarter. Private Advisor Group LLC now owns 11,496 shares of the company's stock worth $561,000 after purchasing an additional 394 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Knife River by 0.4% during the 3rd quarter. Swiss National Bank now owns 105,698 shares of the company's stock worth $5,161,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 80.11% of the company's stock.

Knife River Price Performance

Knife River stock traded down $1.51 during mid-day trading on Tuesday, hitting $79.34. 337,862 shares of the company were exchanged, compared to its average volume of 397,994. The company has a market capitalization of $4.49 billion and a P/E ratio of -0.15. The business's 50 day simple moving average is $73.82 and its two-hundred day simple moving average is $63.64. Knife River Co. has a 12-month low of $33.67 and a 12-month high of $81.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.63 and a quick ratio of 1.71.

Knife River (NYSE:KNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.20 by $0.16. Knife River had a return on equity of 15.98% and a net margin of 6.46%. The company had revenue of $646.90 million during the quarter, compared to analyst estimates of $566.47 million. Knife River's quarterly revenue was up 20.4% compared to the same quarter last year. Analysts forecast that Knife River Co. will post 3.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on KNF shares. Oppenheimer increased their price objective on shares of Knife River from $75.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, March 22nd. Bank of America began coverage on shares of Knife River in a research report on Friday, January 5th. They set a "buy" rating and a $81.00 price objective for the company. Loop Capital began coverage on shares of Knife River in a research report on Tuesday, February 13th. They issued a "buy" rating and a $81.00 price target for the company. Siebert Williams Shank raised their price target on shares of Knife River from $65.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, December 26th. Finally, Wolfe Research began coverage on shares of Knife River in a research report on Friday, March 8th. They set a "peer perform" rating for the company. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $76.20.

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 six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading.