HighTower Advisors LLC Buys 258 Shares of Knife River Co. (NYSE:KNF)

HighTower Advisors LLC raised its stake in shares of Knife River Co. (NYSE:KNF) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 8,500 shares of the company’s stock after purchasing an additional 258 shares during the quarter. HighTower Advisors LLC’s holdings in Knife River were worth $756,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. abrdn plc bought a new position in Knife River during the third quarter valued at about $22,934,000. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Knife River by 12.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock worth $144,785,000 after purchasing an additional 224,373 shares in the last quarter. Interval Partners LP bought a new stake in shares of Knife River during the second quarter valued at approximately $7,614,000. Federated Hermes Inc. raised its stake in shares of Knife River by 37.5% in the second quarter. Federated Hermes Inc. now owns 384,215 shares of the company’s stock valued at $26,949,000 after purchasing an additional 104,720 shares in the last quarter. Finally, F M Investments LLC bought a new position in Knife River in the second quarter worth $6,346,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Loop Capital lowered their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson lifted their target price on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer increased their price target on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.33.

Knife River Stock Down 3.7 %

Shares of NYSE KNF opened at $100.92 on Thursday. The business has a fifty day moving average of $98.31 and a two-hundred day moving average of $84.42. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. Knife River Co. has a 52-week low of $61.50 and a 52-week high of $108.39. The stock has a market cap of $5.71 billion, a PE ratio of 28.92, a PEG ratio of 2.90 and a beta of 0.70.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.22). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.58 earnings per share. As a group, equities research analysts expect that Knife River Co. will post 3.49 earnings per share 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.