Knife River Co. (NYSE:KNF) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its position in Knife River Co. (NYSE:KNF) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,037 shares of the company’s stock after selling 2,100 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Knife River were worth $2,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KNF. Huntington National Bank boosted its holdings in Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after purchasing an additional 293 shares during the period. GAMMA Investing LLC boosted its holdings in Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after purchasing an additional 227 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Knife River in the third quarter valued at $60,000. Sittner & Nelson LLC boosted its holdings in Knife River by 18.5% in the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after purchasing an additional 150 shares during the period. Finally, Covestor Ltd lifted its holdings in Knife River by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock worth $115,000 after buying an additional 150 shares during the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KNF has been the subject of a number of recent analyst reports. DA Davidson lifted their price target on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer lifted 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. Stephens reaffirmed an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Finally, Loop Capital decreased their price target on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $112.50.

Knife River Stock Down 1.4 %

Knife River stock opened at $101.49 on Friday. 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 debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The company has a market capitalization of $5.75 billion, a P/E ratio of 28.67, a PEG ratio of 2.45 and a beta of 0.76. The stock has a 50-day simple moving average of $102.22 and a 200-day simple moving average of $93.68.

Knife River (NYSE:KNF) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. Equities research analysts expect that Knife River Co. will post 4.11 earnings per share 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.