Knife River Co. (NYSE:KNF) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its stake in shares of Knife River Co. (NYSE:KNF) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,700 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Knife River were worth $1,291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of KNF. Private Advisor Group LLC boosted its stake in Knife River by 1.1% during the 4th quarter. Private Advisor Group LLC now owns 15,696 shares of the company’s stock worth $1,595,000 after purchasing an additional 170 shares during the period. Alberta Investment Management Corp purchased a new stake in shares of Knife River during the fourth quarter worth approximately $3,332,000. Hudson Value Partners LLC boosted its holdings in shares of Knife River by 3.9% in the fourth quarter. Hudson Value Partners LLC now owns 54,004 shares of the company’s stock valued at $5,489,000 after acquiring an additional 2,042 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Knife River by 24.9% during the fourth quarter. Sanctuary Advisors LLC now owns 5,093 shares of the company’s stock worth $540,000 after acquiring an additional 1,014 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Knife River by 1.5% in the 4th quarter. Principal Financial Group Inc. now owns 154,632 shares of the company’s stock worth $15,717,000 after acquiring an additional 2,303 shares during the period. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens reissued an “overweight” rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. DA Davidson boosted their target price on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Loop Capital decreased their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Oppenheimer boosted their price target on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and an average price target of $112.50.

Knife River Trading Up 3.0 %

Shares of KNF stock opened at $96.00 on Thursday. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of $101.53 and a 200 day simple moving average of $94.43. The stock has a market capitalization of $5.43 billion, a P/E ratio of 27.12, a P/E/G ratio of 2.36 and a beta of 0.76.

Knife River (NYSE:KNF) last posted 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, sell-side analysts expect that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Knife River 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.