Vanguard Group Inc. Has $400.16 Million Holdings in Knife River Corporation $KNF

Vanguard Group Inc. cut its holdings in shares of Knife River Corporation (NYSE:KNF) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,688,172 shares of the company’s stock after selling 66,206 shares during the period. Vanguard Group Inc. owned 0.10% of Knife River worth $400,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in KNF. Hantz Financial Services Inc. lifted its position in Knife River by 141.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Quent Capital LLC acquired a new position in Knife River during the 3rd quarter valued at about $47,000. GAMMA Investing LLC boosted its stake in Knife River by 34.8% during the 4th quarter. GAMMA Investing LLC now owns 685 shares of the company’s stock worth $48,000 after acquiring an additional 177 shares during the last quarter. UMB Bank n.a. boosted its stake in Knife River by 124.5% during the 3rd quarter. UMB Bank n.a. now owns 743 shares of the company’s stock worth $57,000 after acquiring an additional 412 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Knife River by 1,365.6% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,363 shares of the company’s stock worth $113,000 after acquiring an additional 1,270 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Price Performance

NYSE KNF opened at $91.52 on Thursday. The company has a quick ratio of 1.39, a current ratio of 2.67 and a debt-to-equity ratio of 0.91. Knife River Corporation has a 12-month low of $58.72 and a 12-month high of $103.18. The company has a market capitalization of $5.19 billion, a PE ratio of 35.61, a price-to-earnings-growth ratio of 1.96 and a beta of 0.55. The firm’s 50 day moving average is $84.51 and its 200-day moving average is $77.49.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($1.40) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.02. Knife River had a net margin of 4.58% and a return on equity of 9.35%. The company had revenue of $410.13 million for the quarter, compared to the consensus estimate of $387.06 million. During the same period last year, the company earned ($1.21) earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Knife River Corporation will post 3.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on KNF. Wall Street Zen upgraded shares of Knife River from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Royal Bank Of Canada raised their target price on shares of Knife River from $106.00 to $109.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. B. Riley Financial began coverage on shares of Knife River in a report on Thursday, January 15th. They set a “buy” rating and a $92.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Knife River in a report on Tuesday, April 21st. Finally, DA Davidson raised their target price on shares of Knife River from $95.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

Knife River Profile

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.