Oliver Luxxe Assets LLC Makes New Investment in Knife River Co. (NYSE:KNF)

Oliver Luxxe Assets LLC acquired a new stake in Knife River Co. (NYSE:KNFFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,287 shares of the company’s stock, valued at approximately $1,144,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Financial Management Professionals Inc. acquired a new position in Knife River during the fourth quarter worth $35,000. DekaBank Deutsche Girozentrale purchased a new position in Knife River in the 3rd quarter valued at about $34,000. TFO Wealth Partners LLC boosted its holdings in Knife River by 38,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock worth $51,000 after buying an additional 765 shares during the last quarter. Planned Solutions Inc. purchased a new stake in Knife River during the 4th quarter worth approximately $53,000. Finally, Clear Street Markets LLC acquired a new position in shares of Knife River during the third quarter valued at approximately $59,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KNF shares. Wolfe Research began coverage on Knife River in a research report on Friday, March 8th. They set a “peer perform” rating for the company. Loop Capital assumed coverage on shares of Knife River in a report on Tuesday, February 13th. They set a “buy” rating and a $81.00 target price for the company. Finally, Oppenheimer raised their price target on shares of Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.20.

Get Our Latest Stock Report on KNF

Knife River Trading Down 1.8 %

Shares of NYSE KNF traded down $1.30 during trading on Wednesday, hitting $70.41. 265,429 shares of the company were exchanged, compared to its average volume of 379,372. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 2.75. Knife River Co. has a 12-month low of $33.67 and a 12-month high of $83.78. The company has a fifty day moving average price of $77.66 and a 200-day moving average price of $70.18. The firm has a market capitalization of $3.99 billion and a PE ratio of 23.13.

Knife River (NYSE:KNFGet Free Report) last posted its earnings results on Tuesday, May 7th. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.80) by ($0.04). The firm had revenue of $329.60 million during the quarter, compared to analyst estimates of $300.98 million. Knife River had a net margin of 6.19% and a return on equity of 14.65%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($516.50) earnings per share. As a group, equities research analysts expect that Knife River Co. will post 3.52 EPS for the current year.

About Knife River

(Free Report)

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.

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Institutional Ownership by Quarter for Knife River (NYSE:KNF)

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