US Bancorp DE Buys 5,990 Shares of Knife River Co. (NYSE:KNF)

US Bancorp DE increased its stake in shares of Knife River Co. (NYSE:KNF) by 1.4% during the 4th quarter, Holdings Channel reports. The fund owned 429,327 shares of the company’s stock after acquiring an additional 5,990 shares during the period. US Bancorp DE’s holdings in Knife River were worth $43,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNF. Wealth Enhancement Advisory Services LLC boosted its position in shares of Knife River by 27.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,908 shares of the company’s stock worth $618,000 after purchasing an additional 1,467 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Knife River by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,556 shares of the company’s stock worth $586,000 after buying an additional 445 shares during the period. New York State Teachers Retirement System boosted its holdings in Knife River by 8.4% in the third quarter. New York State Teachers Retirement System now owns 71,230 shares of the company’s stock worth $6,367,000 after acquiring an additional 5,494 shares in the last quarter. F M Investments LLC grew its stake in Knife River by 40.5% in the third quarter. F M Investments LLC now owns 127,113 shares of the company’s stock valued at $11,363,000 after acquiring an additional 36,633 shares during the period. Finally, Clear Creek Financial Management LLC increased its holdings in shares of Knife River by 11.6% during the third quarter. Clear Creek Financial Management LLC now owns 7,367 shares of the company’s stock valued at $659,000 after acquiring an additional 763 shares in the last quarter. 80.11% of the stock is owned by institutional investors.

Knife River Stock Performance

Shares of KNF stock opened at $95.66 on Friday. 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 firm has a 50-day moving average of $101.09 and a 200-day moving average of $94.74. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The company has a market cap of $5.42 billion, a P/E ratio of 27.02, a P/E/G ratio of 2.36 and a beta of 0.76.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Equities research analysts forecast that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KNF. DA Davidson increased their target price on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer boosted their target price on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Stephens reaffirmed an “overweight” rating and issued a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Finally, Loop Capital decreased their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.50.

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.