Dakota Wealth Management Sells 1,383 Shares of Knife River Co. (NYSE:KNF)

Dakota Wealth Management decreased its position in shares of Knife River Co. (NYSE:KNF) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,174 shares of the company’s stock after selling 1,383 shares during the period. Dakota Wealth Management’s holdings in Knife River were worth $2,254,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in shares of Knife River by 138.6% in the second quarter. American Century Companies Inc. now owns 65,946 shares of the company’s stock worth $4,625,000 after purchasing an additional 38,313 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Knife River by 122.1% in the second quarter. Envestnet Asset Management Inc. now owns 31,518 shares of the company’s stock worth $2,211,000 after purchasing an additional 17,328 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Knife River by 306.8% in the second quarter. Thrivent Financial for Lutherans now owns 57,661 shares of the company’s stock worth $4,044,000 after purchasing an additional 43,486 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Knife River in the second quarter worth $43,000. Finally, AQR Capital Management LLC boosted its stake in Knife River by 28.7% in the second quarter. AQR Capital Management LLC now owns 207,342 shares of the company’s stock valued at $14,543,000 after buying an additional 46,187 shares in the last quarter. Institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Loop Capital reduced their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. DA Davidson raised their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer raised their price objective on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.75.

Knife River Stock Performance

Shares of KNF stock opened at $103.42 on Friday. The business’s 50-day moving average price is $101.90 and its 200-day moving average price is $90.04. Knife River Co. has a 12 month low of $62.61 and a 12 month high of $108.83. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 29.63, a PEG ratio of 2.48 and a beta of 0.78. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. Knife River’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 earnings per share. Equities research analysts forecast that Knife River Co. will post 3.49 EPS for the current 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 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.