Knife River Co. (NYSE:KNF) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its holdings in Knife River Co. (NYSE:KNF) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,279 shares of the company’s stock after selling 123 shares during the quarter. Securian Asset Management Inc.’s holdings in Knife River were worth $435,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atria Investments Inc raised its stake in Knife River by 26.9% during the 3rd quarter. Atria Investments Inc now owns 5,258 shares of the company’s stock valued at $470,000 after acquiring an additional 1,116 shares during the last quarter. KBC Group NV raised its stake in shares of Knife River by 23.1% during the third quarter. KBC Group NV now owns 1,763 shares of the company’s stock worth $158,000 after purchasing an additional 331 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. Royce & Associates LP purchased a new position in Knife River in the 3rd quarter valued at $1,028,000. Finally, Thrivent Financial for Lutherans increased its stake in Knife River by 36.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 78,803 shares of the company’s stock valued at $7,045,000 after buying an additional 21,142 shares during the period. 80.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KNF. Wells Fargo & Company began 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. Stephens reiterated an “overweight” rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Finally, Oppenheimer raised their price target on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River currently has an average rating of “Buy” and an average target price of $110.40.

Knife River Trading Up 0.2 %

Shares of KNF opened at $93.50 on Tuesday. Knife River Co. has a twelve month low of $66.13 and a twelve month high of $108.83. 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 firm has a market capitalization of $5.29 billion, a P/E ratio of 26.41, a PEG ratio of 2.36 and a beta of 0.88. The firm’s 50-day moving average is $98.31 and its two-hundred day moving average is $95.91.

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