WINTON GROUP Ltd Sells 2,540 Shares of Knife River Co. (NYSE:KNF)

WINTON GROUP Ltd lessened its stake in Knife River Co. (NYSE:KNF) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,761 shares of the company’s stock after selling 2,540 shares during the quarter. Knife River comprises 1.0% of WINTON GROUP Ltd’s investment portfolio, making the stock its 14th biggest position. WINTON GROUP Ltd’s holdings in Knife River were worth $15,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its position in shares of Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after buying an additional 157 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Knife River by 72.8% in the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after acquiring an additional 227 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Knife River in the 3rd quarter valued at approximately $60,000. Lee Danner & Bass Inc. bought a new stake in shares of Knife River during the 4th quarter valued at approximately $109,000. Finally, Jones Financial Companies Lllp increased its position in Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock worth $169,000 after purchasing an additional 476 shares in the last quarter. Institutional investors own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

KNF has been the topic of a number of research analyst reports. Stephens restated an “overweight” rating and issued a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Oppenheimer raised their price objective on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company assumed coverage on Knife River in a report on Monday, March 10th. They issued an “overweight” rating and a $102.00 target price for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Knife River presently has an average rating of “Buy” and a consensus target price of $110.40.

Knife River Price Performance

KNF stock opened at $96.10 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company has a market capitalization of $5.44 billion, a P/E ratio of 27.15, a PEG ratio of 2.36 and a beta of 0.88. The company has a fifty day moving average price of $97.80 and a 200-day moving average price of $96.65.

Knife River (NYSE:KNF) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate 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 analysts expect that Knife River Co. will post 4.11 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.