Physician Wealth Advisors Inc. Buys New Position in Knife River Co. (NYSE:KNF)

Physician Wealth Advisors Inc. bought a new position in Knife River Co. (NYSE:KNF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,125 shares of the company’s stock, valued at approximately $114,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its stake in shares of Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after acquiring an additional 157 shares in the last quarter. GAMMA Investing LLC increased its stake in Knife River by 72.8% in 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 shares of Knife River during the fourth quarter valued at about $109,000. Jones Financial Companies Lllp boosted its position in shares of Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock worth $169,000 after purchasing an additional 476 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Knife River in the 4th quarter valued at about $203,000. 80.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Knife River Trading Down 3.5 %

NYSE KNF opened at $89.59 on Monday. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $97.26 and a 200 day simple moving average of $96.99. Knife River Co. has a 12 month low of $66.13 and a 12 month high of $108.83. The firm has a market capitalization of $5.07 billion, a P/E ratio of 25.31, a PEG ratio of 2.36 and a beta of 0.88.

Knife River (NYSE:KNF) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. On average, analysts predict that Knife River Co. will post 4.11 EPS 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.