Knife River Co. (NYSE:KNF) Holdings Decreased by Martingale Asset Management L P

Martingale Asset Management L P reduced its position in shares of Knife River Co. (NYSE:KNF) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,804 shares of the company’s stock after selling 582 shares during the quarter. Martingale Asset Management L P’s holdings in Knife River were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Knife River by 58.6% during the fourth 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 period. GAMMA Investing LLC grew its position 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. Lee Danner & Bass Inc. acquired a new stake in Knife River during the fourth quarter worth about $109,000. Physician Wealth Advisors Inc. bought a new position in Knife River in the fourth quarter worth about $114,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after purchasing an additional 476 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Price Performance

Shares of NYSE KNF opened at $93.47 on Friday. The stock has a market cap of $5.29 billion, a P/E ratio of 26.40, a P/E/G ratio of 2.36 and a beta of 0.97. The firm’s 50-day simple moving average is $93.69 and its 200 day simple moving average is $96.94. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. 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, topping analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. Equities analysts expect that Knife River Co. will post 4.11 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.