Knife River Co. (NYSE:KNF) Holdings Trimmed by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its holdings in Knife River Co. (NYSE:KNF) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,915 shares of the company’s stock after selling 150 shares during the period. Gamco Investors INC. ET AL’s holdings in Knife River were worth $1,719,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC boosted its position in Knife River by 58.6% during the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the period. GAMMA Investing LLC grew its position in Knife River by 72.8% during the fourth quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after purchasing an additional 227 shares in the last quarter. Lee Danner & Bass Inc. acquired a new position in Knife River in the 4th quarter valued at approximately $109,000. Physician Wealth Advisors Inc. acquired a new position in Knife River in the 4th quarter valued at approximately $114,000. Finally, Jones Financial Companies Lllp lifted its position in Knife River by 40.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock worth $169,000 after buying an additional 476 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KNF shares. Wells Fargo & Company initiated coverage on shares of Knife River in a research note on Monday, March 10th. They issued an “overweight” rating and a $102.00 price target on the stock. Stephens reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River presently has a consensus rating of “Buy” and an average price target of $110.40.

Knife River Price Performance

NYSE KNF opened at $91.67 on Friday. The firm has a market cap of $5.19 billion, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 2.36 and a beta of 0.97. The stock’s 50-day moving average is $92.77 and its two-hundred day moving average is $97.02. 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 debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64.

Knife River (NYSE:KNF) last posted 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 during the quarter, compared to analyst estimates of $655.80 million. On average, analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current fiscal year.

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.