Legal & General Group Plc Has $9.31 Million Position in Knife River Co. (NYSE:KNF)

Legal & General Group Plc cut its holdings in shares of Knife River Co. (NYSE:KNF) by 2.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 91,578 shares of the company’s stock after selling 1,944 shares during the quarter. Legal & General Group Plc’s holdings in Knife River were worth $9,308,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC lifted 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 lifted its holdings in Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after buying an additional 227 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Knife River in the 4th quarter valued at about $109,000. Physician Wealth Advisors Inc. bought a new position in shares of Knife River during the fourth quarter worth about $114,000. Finally, Jones Financial Companies Lllp boosted its holdings in Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after acquiring an additional 476 shares during the last quarter. 80.11% of the stock is owned by institutional investors.

Knife River Stock Down 1.5 %

Knife River stock opened at $91.67 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $5.19 billion, a PE ratio of 25.90, a PEG ratio of 2.36 and a beta of 0.97. The firm’s fifty day moving average is $92.92 and its 200 day moving average is $97.00. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83.

Knife River (NYSE:KNF) last issued its earnings results 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 return on equity of 14.82% and a net margin of 6.96%. The company had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. As a group, sell-side analysts predict that Knife River Co. will post 4.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KNF shares. Stephens restated an “overweight” rating and issued a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company started coverage on shares of Knife River in a report on Monday, March 10th. They issued an “overweight” rating and a $102.00 target price on the stock. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, 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.