Knife River Co. (NYSE:KNF) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lessened its holdings in shares of Knife River Co. (NYSE:KNF) by 1.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 66,877 shares of the company’s stock after selling 1,179 shares during the quarter. Moody Aldrich Partners LLC owned about 0.12% of Knife River worth $5,978,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Bayesian Capital Management LP acquired a new position in Knife River during the 1st quarter worth $687,000. Swedbank AB acquired a new position in shares of Knife River during the first quarter worth about $9,730,000. Comerica Bank increased its stake in shares of Knife River by 59.2% during the first quarter. Comerica Bank now owns 42,635 shares of the company’s stock worth $3,457,000 after buying an additional 15,848 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Knife River by 34.6% in the first quarter. Ontario Teachers Pension Plan Board now owns 31,051 shares of the company’s stock valued at $2,518,000 after acquiring an additional 7,988 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Knife River by 311.5% in the second quarter. Harbor Capital Advisors Inc. now owns 14,381 shares of the company’s stock worth $1,009,000 after acquiring an additional 10,886 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Up 0.6 %

KNF stock traded up $0.58 during trading on Thursday, hitting $92.08. 21,877 shares of the company’s stock were exchanged, compared to its average volume of 378,144. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 29.52, a PEG ratio of 2.17 and a beta of 0.82. Knife River Co. has a 52-week low of $46.51 and a 52-week high of $95.85. The company has a current ratio of 2.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $84.36 and a two-hundred day moving average price of $77.90.

Knife River (NYSE:KNF) last posted its earnings results on Tuesday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.13. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The firm had revenue of $806.90 million for the quarter, compared to the consensus estimate of $803.81 million. During the same period last year, the firm posted $1.00 EPS. The company’s revenue was up 2.8% on a year-over-year basis. As a group, equities research analysts expect that Knife River Co. will post 3.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer raised their price objective on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Monday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.60.

Knife River Company 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.