Xponance Inc. Buys 366 Shares of Knife River Co. (NYSE:KNF)

Xponance Inc. raised its position in Knife River Co. (NYSE:KNF) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,024 shares of the company’s stock after buying an additional 366 shares during the period. Xponance Inc.’s holdings in Knife River were worth $816,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in KNF. Raymond James Financial Inc. acquired a new stake in shares of Knife River during the 4th quarter worth approximately $14,600,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in Knife River during the 3rd quarter worth $10,267,000. Barclays PLC raised its position in shares of Knife River by 156.2% during the 3rd quarter. Barclays PLC now owns 170,101 shares of the company’s stock valued at $15,205,000 after acquiring an additional 103,713 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Knife River by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company’s stock valued at $18,695,000 after purchasing an additional 49,785 shares during the period. Finally, Van ECK Associates Corp bought a new position in shares of Knife River in the 4th quarter worth $4,201,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Stock Up 6.4 %

Shares of KNF stock opened at $96.91 on Tuesday. Knife River Co. has a 12-month low of $66.13 and a 12-month 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 firm has a fifty day moving average of $97.96 and a 200-day moving average of $96.49. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 27.37, a P/E/G ratio of 2.36 and a beta of 0.88.

Knife River (NYSE:KNF) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. As a group, equities research analysts predict that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stephens restated an “overweight” rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Oppenheimer upped their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, Wells Fargo & Company started coverage on shares of Knife River in a report on Monday, March 10th. They issued an “overweight” rating and a $102.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $110.40.

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.