Two Sigma Advisers LP Decreases Stock Position in Knife River Co. (NYSE:KNF)

Two Sigma Advisers LP trimmed its holdings in Knife River Co. (NYSE:KNF) by 27.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 216,600 shares of the company’s stock after selling 82,500 shares during the period. Two Sigma Advisers LP’s holdings in Knife River were worth $22,015,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming purchased a new stake in shares of Knife River in the fourth quarter valued at about $30,000. Larson Financial Group LLC raised 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 purchasing an additional 157 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Knife River in the 4th quarter valued at approximately $79,000. Lee Danner & Bass Inc. acquired a new stake in Knife River during the 4th quarter valued at $109,000. Finally, Physician Wealth Advisors Inc. purchased a new position in Knife River during the fourth quarter worth $114,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Stock Down 1.2%

KNF stock opened at $99.49 on Wednesday. The company has a 50 day moving average price of $93.02 and a two-hundred day moving average price of $97.47. 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 stock has a market capitalization of $5.64 billion, a P/E ratio of 28.10, a PEG ratio of 2.36 and a beta of 0.96. Knife River Co. has a one year low of $66.13 and a one year high of $108.83.

Knife River (NYSE:KNF) last posted its quarterly earnings data 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). The business had revenue of $353.50 million for the quarter, compared to analyst estimates of $343.98 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Knife River’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.84) EPS. As a group, sell-side analysts expect that Knife River Co. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on KNF shares. Wells Fargo & Company boosted their price target on Knife River from $102.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, May 13th. Stephens reiterated an “overweight” rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River has an average rating of “Buy” and a consensus target price of $112.80.

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.