Knife River Co. (NYSE:KNF) Shares Bought by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE grew its holdings in Knife River Co. (NYSE:KNF) by 6.7% during the 4th quarter, Holdings Channel reports. The firm owned 89,248 shares of the company’s stock after buying an additional 5,613 shares during the period. Congress Wealth Management LLC DE’s holdings in Knife River were worth $9,071,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Franklin Resources Inc. grew its holdings in Knife River by 10.5% during the 3rd quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock valued at $38,201,000 after buying an additional 39,991 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Knife River by 34.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company’s stock valued at $5,220,000 after acquiring an additional 13,199 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Knife River by 24.4% during the third quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after acquiring an additional 5,004 shares during the last quarter. State Street Corp increased its position in Knife River by 1.8% during the 3rd quarter. State Street Corp now owns 2,003,069 shares of the company’s stock worth $179,054,000 after purchasing an additional 34,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Knife River by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after purchasing an additional 5,791 shares during the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on KNF shares. Stephens reiterated an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company started coverage on shares of Knife River in a research note on Monday, March 10th. They issued an “overweight” rating and a $102.00 target price for the company. Finally, Oppenheimer increased their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $110.40.

Knife River Price Performance

Knife River stock opened at $96.91 on Tuesday. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The firm has a 50 day moving average price of $97.96 and a 200 day moving average price of $96.49. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 2.36 and a beta of 0.88.

Knife River (NYSE:KNF) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. Sell-side analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

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.