John G Ullman & Associates Inc. Decreases Stock Position in Knife River Co. (NYSE:KNF)

John G Ullman & Associates Inc. reduced its holdings in shares of Knife River Co. (NYSE:KNF) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,652 shares of the company’s stock after selling 1,966 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Knife River were worth $5,961,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Angeles Wealth Management LLC boosted its stake in shares of Knife River by 1.5% during the 3rd quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company’s stock valued at $760,000 after buying an additional 125 shares during the last quarter. Covestor Ltd boosted its stake in shares of Knife River by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after buying an additional 150 shares during the last quarter. Sittner & Nelson LLC boosted its stake in shares of Knife River by 18.5% during the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after buying an additional 150 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Knife River by 1.1% during the 4th quarter. Private Advisor Group LLC now owns 15,696 shares of the company’s stock valued at $1,595,000 after buying an additional 170 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 227 shares during the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Price Performance

Shares of NYSE KNF opened at $95.66 on Friday. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64. The business’s fifty day moving average price is $101.09 and its two-hundred day moving average price is $94.74. The firm has a market capitalization of $5.42 billion, a PE ratio of 27.02, a P/E/G ratio of 2.36 and a beta of 0.76.

Knife River (NYSE:KNF) last issued its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share 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 firm had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. On average, research analysts expect that Knife River Co. will post 4.11 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KNF shares. Oppenheimer increased their target price on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Loop Capital dropped their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Stephens reissued an “overweight” rating and set a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Finally, DA Davidson upped their price target on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Knife River presently has a consensus rating of “Moderate Buy” and an average target price of $112.50.

About Knife River

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.