Covestor Ltd Purchases 150 Shares of Knife River Co. (NYSE:KNF)

Covestor Ltd boosted its position in shares of Knife River Co. (NYSE:KNF) by 13.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,288 shares of the company’s stock after buying an additional 150 shares during the quarter. Covestor Ltd’s holdings in Knife River were worth $115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in KNF. GAMMA Investing LLC raised its stake in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after acquiring an additional 176 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Knife River during the 2nd quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Knife River during the 2nd quarter valued at approximately $43,000. Sittner & Nelson LLC lifted its holdings in Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after buying an additional 150 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Knife River in the 2nd quarter worth approximately $96,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KNF. Loop Capital cut their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Oppenheimer upped their price target on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Finally, DA Davidson increased their target price on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.67.

Knife River Stock Down 2.5 %

NYSE KNF opened at $96.51 on Wednesday. Knife River Co. has a 52 week low of $55.06 and a 52 week high of $103.33. The company has a quick ratio of 1.49, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $89.46 and a two-hundred day moving average of $79.52. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.72 and a beta of 0.74.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $2.58 EPS. The business’s revenue was up 1.4% on a year-over-year basis. On average, analysts predict that Knife River Co. will post 3.57 earnings per share for the current year.

About Knife River

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.