Knife River Co. (NYSE:KNF) Shares Sold by Barclays PLC

Barclays PLC lowered its stake in shares of Knife River Co. (NYSE:KNF) by 20.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 135,124 shares of the company’s stock after selling 34,977 shares during the quarter. Barclays PLC’s holdings in Knife River were worth $13,734,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Knife River by 10.5% in the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock worth $38,201,000 after buying an additional 39,991 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Knife River by 34.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company’s stock valued at $5,220,000 after acquiring an additional 13,199 shares during the period. JPMorgan Chase & Co. raised its stake in Knife River by 31.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company’s stock worth $18,695,000 after acquiring an additional 49,785 shares during the last quarter. Asset Management One Co. Ltd. acquired a new stake in Knife River during the 4th quarter worth about $2,703,000. Finally, Drive Wealth Management LLC purchased a new stake in Knife River during the 4th quarter valued at about $2,062,000. 80.11% of the stock is owned by hedge funds and other institutional investors.

Knife River Price Performance

Knife River stock opened at $91.67 on Monday. The company has a fifty day simple moving average of $92.77 and a 200-day simple moving average of $97.15. 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 market capitalization of $5.19 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 2.36 and a beta of 0.97. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. On average, equities analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company assumed coverage on Knife River in a research note on Monday, March 10th. They issued an “overweight” rating and a $102.00 price objective for 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $110.40.

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.