XTX Topco Ltd Purchases Shares of 3,252 Knife River Co. (NYSE:KNF)

XTX Topco Ltd bought a new stake in shares of Knife River Co. (NYSE:KNF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,252 shares of the company's stock, valued at approximately $331,000.

Several other hedge funds have also made changes to their positions in KNF. Larson Financial Group LLC grew its holdings in shares of Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company's stock worth $43,000 after purchasing an additional 157 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company's stock worth $55,000 after purchasing an additional 227 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Knife River in the fourth quarter valued at about $109,000. Physician Wealth Advisors Inc. acquired a new stake in shares of Knife River in the 4th quarter valued at approximately $114,000. Finally, Jones Financial Companies Lllp increased its stake in shares of Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company's stock worth $169,000 after purchasing an additional 476 shares during the last quarter. Institutional investors own 80.11% of the company's stock.

Analyst Ratings Changes

KNF has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of Knife River in a research report on Monday, March 10th. They set an "overweight" rating and a $102.00 price objective for the company. Stephens restated an "overweight" rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River currently has an average rating of "Buy" and a consensus price target of $110.40.

Knife River Stock Performance

Shares of NYSE KNF traded down $0.86 during midday trading on Tuesday, hitting $91.34. The company's stock had a trading volume of 34,284 shares, compared to its average volume of 420,905. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 25.72, a P/E/G ratio of 2.36 and a beta of 0.97. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $91.37 and a 200 day moving average price of $97.21.

Knife River (NYSE:KNF - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. On average, research analysts forecast that Knife River Co. will post 4.11 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.