Knife River Co. (NYSE:KNF) Shares Purchased by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC grew its stake in shares of Knife River Co. (NYSE:KNF) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,154 shares of the company’s stock after acquiring an additional 1,572 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Knife River were worth $1,540,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the period. Huntington National Bank boosted its holdings in Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Knife River during the third quarter worth about $60,000. Sittner & Nelson LLC lifted its position in Knife River by 18.5% during the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after buying an additional 150 shares in the last quarter. Finally, Covestor Ltd boosted its position in Knife River by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock worth $115,000 after purchasing an additional 150 shares during the period. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on KNF shares. Loop Capital reduced their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Oppenheimer raised their price objective on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, DA Davidson raised their price target on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Knife River has an average rating of “Moderate Buy” and a consensus target price of $103.75.

Knife River Price Performance

KNF opened at $102.75 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The company’s 50-day moving average price is $102.64 and its 200 day moving average price is $92.22. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 2.41 and a beta of 0.76. Knife River Co. has a fifty-two week low of $65.67 and a fifty-two week high of $108.83.

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.