Private Advisor Group LLC Has $1.60 Million Stock Holdings in Knife River Co. (NYSE:KNF)

Private Advisor Group LLC grew its stake in Knife River Co. (NYSE:KNF) by 1.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,696 shares of the company’s stock after buying an additional 170 shares during the period. Private Advisor Group LLC’s holdings in Knife River were worth $1,595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Alberta Investment Management Corp bought a new stake in shares of Knife River during the 4th quarter valued at about $3,332,000. Hudson Value Partners LLC boosted its position in shares of Knife River by 3.9% during the 4th quarter. Hudson Value Partners LLC now owns 54,004 shares of the company’s stock valued at $5,489,000 after purchasing an additional 2,042 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Knife River by 24.9% during the 4th quarter. Sanctuary Advisors LLC now owns 5,093 shares of the company’s stock valued at $540,000 after purchasing an additional 1,014 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Knife River by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 154,632 shares of the company’s stock valued at $15,717,000 after purchasing an additional 2,303 shares in the last quarter. Finally, Congress Asset Management Co. boosted its position in shares of Knife River by 2.5% during the 4th quarter. Congress Asset Management Co. now owns 696,245 shares of the company’s stock valued at $70,766,000 after purchasing an additional 16,698 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of KNF stock opened at $96.00 on Thursday. The stock has a market capitalization of $5.43 billion, a P/E ratio of 27.12, a PEG ratio of 2.36 and a beta of 0.76. 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 firm’s 50 day moving average is $101.53 and its 200 day moving average is $94.43. Knife River Co. has a 12 month low of $66.13 and a 12 month high of $108.83.

Knife River (NYSE:KNF) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. On average, sell-side analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Loop Capital cut their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Stephens reiterated an “overweight” rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Oppenheimer increased their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, DA Davidson raised their target price on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $112.50.

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.