John G Ullman & Associates Inc. Has $5.42 Million Stock Position in Knife River Co. (NYSE:KNF)

John G Ullman & Associates Inc. trimmed its position in shares of Knife River Co. (NYSE:KNF) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,618 shares of the company’s stock after selling 454 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Knife River were worth $5,419,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of KNF. GAMMA Investing LLC raised its position in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after purchasing an additional 176 shares during the last quarter. Huntington National Bank raised its holdings 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 last quarter. International Assets Investment Management LLC bought a new position in shares of Knife River in the second quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Knife River during the 2nd quarter worth about $43,000. Finally, Sittner & Nelson LLC increased its position in Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Wall Street Analysts Forecast Growth

KNF has been the topic of a number of research reports. DA Davidson upped their target price on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Oppenheimer upped their price objective on Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, Loop Capital lowered their target price on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.67.

Knife River Price Performance

KNF opened at $98.30 on Thursday. The company has a fifty day moving average price of $91.89 and a two-hundred day moving average price of $80.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The firm has a market capitalization of $5.56 billion, a PE ratio of 28.17, a P/E/G ratio of 2.63 and a beta of 0.74. Knife River Co. has a 52 week low of $56.94 and a 52 week high of $103.33.

Knife River (NYSE:KNF) last issued its earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the business posted $2.58 EPS. Knife River’s quarterly revenue was up 1.4% on a year-over-year basis. As a group, analysts anticipate that Knife River Co. will post 3.57 earnings per share for the current year.

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.