Patten Group Inc. Purchases 515 Shares of Knife River Co. (NYSE:KNF)

Patten Group Inc. boosted its position in Knife River Co. (NYSE:KNF) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,396 shares of the company’s stock after purchasing an additional 515 shares during the period. Patten Group Inc.’s holdings in Knife River were worth $1,057,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of KNF. Huntington National Bank increased its stake in shares of Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the period. GAMMA Investing LLC grew its holdings in Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after acquiring an additional 227 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Knife River in the 3rd quarter valued at approximately $60,000. Sittner & Nelson LLC raised its stake in shares of Knife River by 18.5% during the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after acquiring an additional 150 shares during the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Knife River by 13.2% during the third quarter. Covestor Ltd now owns 1,288 shares of the company’s stock worth $115,000 after purchasing an additional 150 shares during the period. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Down 5.5 %

Shares of NYSE:KNF opened at $90.46 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 current ratio of 2.67 and a quick ratio of 1.64. The business’s 50-day moving average is $100.85 and its 200-day moving average is $95.00. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 2.36 and a beta of 0.76.

Knife River (NYSE:KNF) last issued 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. The firm had revenue of $657.20 million for the quarter, compared to analyst estimates of $655.80 million. Knife River had a return on equity of 14.82% and a net margin of 6.96%. Equities research analysts predict that Knife River Co. will post 4.11 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on KNF shares. Loop Capital decreased their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report 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. DA Davidson lifted their price objective on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer increased their target price on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $112.50.

Knife River Company 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.