Johnson Financial Group Inc. Invests $79,000 in Knife River Co. (NYSE:KNF)

Johnson Financial Group Inc. bought a new stake in shares of Knife River Co. (NYSE:KNF) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 759 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its position in shares of Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after acquiring an additional 157 shares during the period. GAMMA Investing LLC raised its stake in Knife River by 72.8% during the 4th 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 last quarter. Lee Danner & Bass Inc. bought a new stake in Knife River in the 4th quarter valued at $109,000. Physician Wealth Advisors Inc. acquired a new stake in Knife River in the 4th quarter worth $114,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of 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 during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analyst Ratings Changes

KNF has been the topic of a number of recent research reports. Stephens reissued an “overweight” rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company initiated coverage on Knife River in a report on Monday, March 10th. They issued an “overweight” rating and a $102.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Knife River presently has an average rating of “Buy” and an average price target of $110.40.

Knife River Price Performance

Shares of Knife River stock opened at $92.18 on Tuesday. Knife River Co. has a twelve month low of $66.13 and a twelve month 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 firm has a market cap of $5.22 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The firm’s 50-day simple moving average is $91.37 and its 200-day simple moving average is $97.21.

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. 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 for the quarter, compared to the consensus estimate of $655.80 million. As a group, research analysts expect that Knife River Co. will post 4.11 EPS for the current fiscal 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.