LSV Asset Management Trims Stock Position in Knife River Co. (NYSE:KNF)

LSV Asset Management cut its holdings in shares of Knife River Co. (NYSE:KNF - Free Report) by 57.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,475 shares of the company's stock after selling 64,398 shares during the period. LSV Asset Management owned about 0.09% of Knife River worth $3,208,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of KNF. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Knife River by 17.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,923 shares of the company's stock worth $485,000 after buying an additional 1,449 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Knife River by 9.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 294,983 shares of the company's stock worth $14,404,000 after acquiring an additional 25,591 shares during the last quarter. TIAA Trust National Association acquired a new stake in shares of Knife River in the 3rd quarter valued at approximately $207,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Knife River by 48.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 348,541 shares of the company's stock valued at $17,019,000 after purchasing an additional 113,575 shares during the last quarter. Finally, Securian Asset Management Inc. acquired a new position in Knife River during the 3rd quarter worth approximately $211,000. Institutional investors and hedge funds own 80.11% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KNF. Wolfe Research started coverage on shares of Knife River in a research note on Friday, March 8th. They set a "peer perform" rating on the stock. Oppenheimer upped their target price on Knife River from $75.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Finally, Loop Capital began coverage on Knife River in a research note on Tuesday, February 13th. They set a "buy" rating and a $81.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $76.20.

Knife River Trading Up 2.0 %

NYSE:KNF traded up $1.55 during trading hours on Thursday, hitting $77.71. 272,529 shares of the company were exchanged, compared to its average volume of 381,363. The stock has a market capitalization of $4.40 billion and a price-to-earnings ratio of -0.15. The company has a fifty day simple moving average of $77.99 and a 200 day simple moving average of $67.90. The company has a current ratio of 2.63, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. Knife River Co. has a one year low of $33.67 and a one year high of $83.78.

Knife River (NYSE:KNF - Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.80) by ($0.04). Knife River had a net margin of 6.46% and a return on equity of 15.98%. The company had revenue of $329.60 million during the quarter, compared to the consensus estimate of $300.98 million. During the same quarter in the previous year, the company earned ($516.50) earnings per share. The business's revenue was up 7.0% on a year-over-year basis. Sell-side analysts expect that Knife River Co. will post 3.5 EPS for the current fiscal year.

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.