Caisse Des Depots ET Consignations Takes $1.13 Million Position in Knife River Co. (NYSE:KNF)

Caisse Des Depots ET Consignations acquired a new position in shares of Knife River Co. (NYSE:KNF) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 11,110 shares of the company’s stock, valued at approximately $1,129,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Intech Investment Management LLC acquired a new position in Knife River during the third quarter worth about $920,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Knife River by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after purchasing an additional 5,791 shares during the last quarter. Citigroup Inc. increased its position in Knife River by 222.9% during the 3rd quarter. Citigroup Inc. now owns 51,425 shares of the company’s stock worth $4,597,000 after purchasing an additional 35,497 shares in the last quarter. Cerity Partners LLC lifted its stake in Knife River by 24.4% in the 3rd quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after purchasing an additional 5,004 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Knife River in the third quarter valued at approximately $60,000. 80.11% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Stephens reiterated an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company started coverage on Knife River in a report on Monday, March 10th. They issued an “overweight” rating and a $102.00 target price for the company. Finally, Oppenheimer increased their target price on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $110.40.

Knife River Stock Performance

Shares of Knife River stock opened at $92.94 on Friday. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 2.36 and a beta of 0.88. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. The company’s fifty day moving average is $97.57 and its 200 day moving average is $96.62. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45.

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

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.