Knife River Co. (NYSE:KNF) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC reduced its holdings in Knife River Co. (NYSE:KNF) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,669 shares of the company’s stock after selling 6,288 shares during the period. Gotham Asset Management LLC’s holdings in Knife River were worth $1,999,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after buying an additional 157 shares during the period. Johnson Financial Group Inc. acquired a new stake in Knife River during the 4th quarter valued at $79,000. Lee Danner & Bass Inc. purchased a new position in Knife River during the fourth quarter worth about $109,000. Physician Wealth Advisors Inc. purchased a new position in shares of Knife River in the 4th quarter worth about $114,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after buying an additional 476 shares in the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KNF has been the topic of several recent research reports. Stephens reissued an “overweight” rating and issued a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company boosted their price objective on Knife River from $102.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $112.80.

Knife River Stock Performance

Shares of Knife River stock opened at $99.69 on Friday. The company has a market cap of $5.65 billion, a P/E ratio of 28.16, a PEG ratio of 2.36 and a beta of 0.96. The business has a 50-day moving average price of $92.29 and a two-hundred day moving average price of $97.41. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($0.32). Knife River had a return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $353.50 million for the quarter, compared to analysts’ expectations of $343.98 million. During the same quarter in the previous year, the business earned ($0.84) EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, analysts anticipate that Knife River Co. will post 4.11 EPS for the current year.

Knife River 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.