11,500 Shares in Knife River Co. (NYSE:KNF) Bought by Royce & Associates LP

Royce & Associates LP acquired a new position in shares of Knife River Co. (NYSE:KNF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 11,500 shares of the company’s stock, valued at approximately $1,028,000.

A number of other institutional investors also recently bought and sold shares of KNF. Swedbank AB acquired a new position in Knife River in the 1st quarter valued at about $9,730,000. Bayesian Capital Management LP purchased a new stake in shares of Knife River during the first quarter worth approximately $687,000. Comerica Bank lifted its holdings in shares of Knife River by 59.2% during the first quarter. Comerica Bank now owns 42,635 shares of the company’s stock worth $3,457,000 after purchasing an additional 15,848 shares during the period. Harbor Capital Advisors Inc. grew its position in Knife River by 311.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,381 shares of the company’s stock valued at $1,009,000 after buying an additional 10,886 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Knife River by 796.9% in the 1st quarter. Acadian Asset Management LLC now owns 31,103 shares of the company’s stock valued at $2,518,000 after buying an additional 27,635 shares during the period. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Price Performance

Shares of NYSE:KNF opened at $98.30 on Thursday. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 2.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. The business’s 50 day simple moving average is $91.89 and its 200-day simple moving average is $80.25. Knife River Co. has a 12 month low of $56.94 and a 12 month high of $103.33.

Knife River (NYSE:KNF) last posted its earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.22). The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the company posted $2.58 EPS. As a group, equities analysts forecast that Knife River Co. will post 3.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KNF. DA Davidson raised their target price on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer raised their price objective on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, Loop Capital dropped their target price on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $93.67.

About Knife River

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.