Yousif Capital Management LLC Buys 2,431 Shares of Knife River Co. (NYSE:KNF)

Yousif Capital Management LLC raised its stake in Knife River Co. (NYSE:KNF) by 9.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,088 shares of the company’s stock after purchasing an additional 2,431 shares during the period. Yousif Capital Management LLC’s holdings in Knife River were worth $1,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new stake in Knife River in the fourth quarter valued at $35,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Knife River during the third quarter valued at about $34,000. Planned Solutions Inc. acquired a new position in shares of Knife River during the fourth quarter valued at about $53,000. Clear Street Markets LLC acquired a new position in shares of Knife River during the third quarter valued at about $59,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Knife River during the third quarter valued at about $66,000. 80.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KNF has been the subject of a number of analyst reports. Oppenheimer lifted their price objective on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Loop Capital initiated coverage on shares of Knife River in a report on Tuesday, February 13th. They set a “buy” rating and a $81.00 price objective for the company. Bank of America assumed coverage on shares of Knife River in a report on Friday, January 5th. They set a “buy” rating and a $81.00 price target on the stock. Finally, Wolfe Research assumed coverage on shares of Knife River in a report on Friday, March 8th. They set a “peer perform” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.20.

Knife River Stock Performance

Shares of KNF stock opened at $77.74 on Thursday. The firm has a market cap of $4.40 billion and a price-to-earnings ratio of -0.15. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.71 and a current ratio of 2.63. Knife River Co. has a 52 week low of $33.67 and a 52 week high of $83.78. The firm’s 50-day simple moving average is $77.34 and its two-hundred day simple moving average is $66.96.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.20 by $0.16. The business had revenue of $646.90 million for the quarter, compared to analyst estimates of $566.47 million. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities analysts forecast that Knife River Co. will post 3.5 earnings per share for the current 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.