Knife River Co. (NYSE:KNF) Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P boosted its holdings in shares of Knife River Co. (NYSE:KNF) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 660,225 shares of the company’s stock after purchasing an additional 13,490 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Knife River were worth $59,017,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Knife River by 7.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,954 shares of the company’s stock valued at $2,591,000 after acquiring an additional 2,194 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Knife River by 3.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 13,026 shares of the company’s stock valued at $1,056,000 after purchasing an additional 395 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Knife River during the first quarter worth about $687,000. Kennedy Capital Management LLC lifted its position in shares of Knife River by 0.3% during the first quarter. Kennedy Capital Management LLC now owns 109,821 shares of the company’s stock worth $8,904,000 after purchasing an additional 299 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in Knife River by 2.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 26,596 shares of the company’s stock worth $2,156,000 after purchasing an additional 583 shares in the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Knife River Stock Up 2.1 %

Shares of Knife River stock opened at $102.65 on Monday. Knife River Co. has a twelve month low of $58.20 and a twelve month high of $103.33. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.76 and a beta of 0.74. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. The business’s 50 day simple moving average is $93.02 and its 200-day simple moving average is $80.71.

Knife River (NYSE:KNF) last issued its earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the business earned $2.58 earnings per share. Knife River’s quarterly revenue was up 1.4% on a year-over-year basis. Equities research analysts forecast that Knife River Co. will post 3.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KNF shares. Loop Capital cut their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Oppenheimer upped their price target on Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Finally, DA Davidson lifted their price objective 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

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.