Simplicity Solutions LLC Sells 1,634 Shares of Knife River Co. (NYSE:KNF)

Simplicity Solutions LLC lowered its holdings in shares of Knife River Co. (NYSE:KNF) by 13.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 10,842 shares of the company’s stock after selling 1,634 shares during the period. Simplicity Solutions LLC’s holdings in Knife River were worth $718,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cascade Investment Advisors Inc. boosted its holdings in shares of Knife River by 1.4% during the fourth quarter. Cascade Investment Advisors Inc. now owns 16,157 shares of the company’s stock worth $1,069,000 after acquiring an additional 225 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Knife River by 2.9% during the third quarter. Victory Capital Management Inc. now owns 9,441 shares of the company’s stock worth $461,000 after acquiring an additional 265 shares during the period. CWM LLC boosted its holdings in shares of Knife River by 18.7% during the third quarter. CWM LLC now owns 1,986 shares of the company’s stock worth $97,000 after acquiring an additional 313 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Knife River by 3.5% during the third quarter. Private Advisor Group LLC now owns 11,496 shares of the company’s stock worth $561,000 after acquiring an additional 394 shares during the period. Finally, Swiss National Bank boosted its holdings in shares of Knife River by 0.4% during the third quarter. Swiss National Bank now owns 105,698 shares of the company’s stock worth $5,161,000 after acquiring an additional 400 shares during the period. Institutional investors own 80.11% of the company’s stock.

Analysts Set New Price Targets

KNF has been the subject of a number of research analyst reports. Siebert Williams Shank boosted their price objective on Knife River from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. Oppenheimer boosted their price target on Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Wolfe Research started coverage on Knife River in a research note on Friday, March 8th. They issued a “peer perform” rating for the company. Bank of America started coverage on Knife River in a research note on Friday, January 5th. They issued a “buy” rating and a $81.00 price target for the company. Finally, Loop Capital started coverage on Knife River in a research note on Tuesday, February 13th. They issued a “buy” rating and a $81.00 price target for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.20.

Knife River Stock Down 0.9 %

Shares of KNF opened at $78.08 on Thursday. Knife River Co. has a one year low of $33.67 and a one year high of $83.78. The company has a market cap of $4.42 billion and a P/E ratio of -0.15. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.63 and a quick ratio of 1.71. The firm has a 50 day simple moving average of $75.64 and a two-hundred day simple moving average of $65.07.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.20 by $0.16. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The business had revenue of $646.90 million during the quarter, compared to the consensus estimate of $566.47 million. Knife River’s quarterly revenue was up 20.4% on a year-over-year basis. Research analysts forecast that Knife River Co. will post 3.5 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 six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading.