6,347 Shares in Knife River Co. (NYSE:KNF) Purchased by Unified Investment Management

Unified Investment Management purchased a new stake in Knife River Co. (NYSE:KNF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,347 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors have also recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC bought a new stake in Knife River in the 3rd quarter valued at approximately $10,267,000. Barclays PLC lifted its position in Knife River by 156.2% during the third quarter. Barclays PLC now owns 170,101 shares of the company’s stock worth $15,205,000 after acquiring an additional 103,713 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Knife River by 31.2% in the third quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company’s stock valued at $18,695,000 after acquiring an additional 49,785 shares during the period. Van ECK Associates Corp acquired a new position in shares of Knife River during the 4th quarter worth approximately $4,201,000. Finally, Franklin Resources Inc. grew its position in Knife River by 10.5% during the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock worth $38,201,000 after buying an additional 39,991 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Up 2.7 %

Shares of KNF stock opened at $95.66 on Monday. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The company has a market cap of $5.42 billion, a P/E ratio of 27.02, a PEG ratio of 2.36 and a beta of 0.76. The stock has a 50 day simple moving average of $101.09 and a two-hundred day simple moving average of $94.89. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (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 business had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. Research analysts forecast that Knife River Co. will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on KNF. DA Davidson upped their price target on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Loop Capital dropped their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stephens reissued an “overweight” rating and issued a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Finally, Oppenheimer lifted their price objective on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $112.50.

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.