Price T Rowe Associates Inc. MD Boosts Stock Position in Knife River Co. (NYSE:KNF)

Price T Rowe Associates Inc. MD boosted its stake in Knife River Co. (NYSE:KNF - Free Report) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,287 shares of the company's stock after buying an additional 6,022 shares during the period. Price T Rowe Associates Inc. MD owned 0.07% of Knife River worth $3,994,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of KNF. Alliancebernstein L.P. boosted its position in shares of Knife River by 830.7% during the fourth quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company's stock valued at $111,965,000 after purchasing an additional 983,223 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Knife River by 1,200.8% during the 4th quarter. American Century Companies Inc. now owns 887,680 shares of the company's stock valued at $90,224,000 after buying an additional 819,439 shares in the last quarter. Norges Bank purchased a new stake in shares of Knife River in the 4th quarter worth about $66,631,000. Capital Research Global Investors increased its stake in shares of Knife River by 45.2% in the 4th quarter. Capital Research Global Investors now owns 1,936,532 shares of the company's stock worth $196,829,000 after acquiring an additional 603,170 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Knife River by 83.7% during the 4th quarter. Invesco Ltd. now owns 879,796 shares of the company's stock valued at $89,422,000 after acquiring an additional 400,954 shares during the period. 80.11% of the stock is owned by institutional investors.

Knife River Stock Performance

Knife River stock traded up $0.03 during midday trading on Wednesday, reaching $91.84. 651,488 shares of the company traded hands, compared to its average volume of 427,466. 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 12 month low of $66.13 and a 12 month high of $108.83. The firm has a market capitalization of $5.20 billion, a price-to-earnings ratio of 25.94, a price-to-earnings-growth ratio of 2.36 and a beta of 0.96. The business has a 50 day moving average of $91.26 and a two-hundred day moving average of $97.25.

Knife River (NYSE:KNF - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($1.21) EPS for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The firm had revenue of $353.50 million during the quarter, compared to the consensus estimate of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business's revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.84) EPS. As a group, research analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KNF. Wells Fargo & Company began coverage on Knife River in a research report on Monday, March 10th. They issued an "overweight" rating and a $102.00 price target on the stock. Stephens reaffirmed an "overweight" rating and issued a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River has a consensus rating of "Buy" and a consensus price target of $110.40.

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.