Knife River Co. (NYSE:KNF) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in Knife River Co. (NYSE:KNF - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 168,700 shares of the company's stock after selling 12,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.30% of Knife River worth $17,147,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in shares of Knife River by 10.5% during the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company's stock worth $38,201,000 after purchasing an additional 39,991 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Knife River by 34.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company's stock worth $5,220,000 after buying an additional 13,199 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Knife River by 31.2% during the third quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company's stock valued at $18,695,000 after acquiring an additional 49,785 shares during the last quarter. Stifel Financial Corp lifted its position in shares of Knife River by 36.3% in the third quarter. Stifel Financial Corp now owns 44,495 shares of the company's stock valued at $3,977,000 after acquiring an additional 11,839 shares in the last quarter. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Knife River in the fourth quarter worth approximately $2,703,000. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Knife River Trading Down 1.5 %

NYSE:KNF traded down $1.40 during trading hours on Friday, hitting $91.67. The company had a trading volume of 330,013 shares, compared to its average volume of 419,105. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The company has a market cap of $5.19 billion, a P/E ratio of 25.90, a P/E/G ratio of 2.36 and a beta of 0.97. The company has a 50-day moving average of $92.77 and a 200 day moving average of $97.15. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45.

Knife River (NYSE:KNF - Get Free Report) last announced 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. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Sell-side analysts expect that Knife River Co. will post 4.11 earnings per share for the current 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.