Raymond James Financial Inc. Makes New $14.60 Million Investment in Knife River Co. (NYSE:KNF)

Raymond James Financial Inc. bought a new position in Knife River Co. (NYSE:KNF - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 143,646 shares of the company's stock, valued at approximately $14,600,000. Raymond James Financial Inc. owned approximately 0.25% of Knife River as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock valued at $43,000 after purchasing an additional 157 shares during the last quarter. GAMMA Investing LLC grew its position in Knife River by 72.8% during the fourth 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 last quarter. Lee Danner & Bass Inc. bought a new position in Knife River during the fourth quarter valued at approximately $109,000. Physician Wealth Advisors Inc. purchased a new position in shares of Knife River during the fourth quarter worth approximately $114,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Knife River by 40.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after acquiring an additional 476 shares during the last quarter. Institutional investors own 80.11% of the company's stock.

Knife River Trading Down 1.2 %

KNF traded down $1.12 during trading on Friday, hitting $92.46. 332,551 shares of the stock traded hands, compared to its average volume of 422,042. The firm has a market capitalization of $5.24 billion, a P/E ratio of 26.12, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83. 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 firm has a 50-day moving average of $91.58 and a 200 day moving average of $97.07.

Knife River (NYSE:KNF - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million for the quarter, compared to analysts' expectations of $655.80 million. Equities research analysts anticipate that Knife River Co. will post 4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Stephens reaffirmed an "overweight" rating and set a $120.00 target price on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company assumed coverage on Knife River in a research note on Monday, March 10th. They set an "overweight" rating and a $102.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price 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.