Knife River Co. (NYSE:KNF) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. decreased its stake in shares of Knife River Co. (NYSE:KNF) by 1.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 18,200 shares of the company’s stock after selling 345 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Knife River were worth $1,476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KNF. TFO Wealth Partners LLC lifted its stake in Knife River by 38,250.0% during the fourth quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock worth $51,000 after purchasing an additional 765 shares during the last quarter. Planned Solutions Inc. acquired a new stake in Knife River during the fourth quarter worth about $53,000. Horan Capital Advisors LLC. bought a new position in Knife River in the first quarter worth about $203,000. Koshinski Asset Management Inc. bought a new position in Knife River in the first quarter worth about $206,000. Finally, Grimes & Company Inc. acquired a new position in Knife River in the first quarter valued at approximately $216,000. 80.11% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stephens began coverage on Knife River in a research report on Tuesday, June 18th. They set an “overweight” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.67.

Knife River Stock Performance

Knife River stock traded down $2.19 during midday trading on Wednesday, reaching $77.61. 188,044 shares of the stock traded hands, compared to its average volume of 392,845. Knife River Co. has a fifty-two week low of $42.72 and a fifty-two week high of $83.78. The company has a current ratio of 2.75, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55. The firm has a market cap of $4.39 billion and a price-to-earnings ratio of 25.75. The firm has a fifty day moving average price of $72.00 and a two-hundred day moving average price of $72.94.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.80) by ($0.04). Knife River had a return on equity of 14.65% and a net margin of 6.19%. The business had revenue of $329.60 million for the quarter, compared to analyst estimates of $300.98 million. During the same quarter in the prior year, the firm posted ($516.50) earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. On average, equities research analysts forecast that Knife River Co. will post 3.51 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.