Kennedy Capital Management LLC Increases Stock Position in Knife River Co. (NYSE:KNF)

Kennedy Capital Management LLC boosted its position in shares of Knife River Co. (NYSE:KNF) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 109,821 shares of the company’s stock after buying an additional 299 shares during the quarter. Kennedy Capital Management LLC owned approximately 0.19% of Knife River worth $8,904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC increased its stake in shares of Knife River by 38,250.0% in the 4th quarter. TFO Wealth Partners LLC now owns 767 shares of the company’s stock valued at $51,000 after purchasing an additional 765 shares in the last quarter. Horan Capital Advisors LLC. acquired a new position in shares of Knife River during the 1st quarter worth approximately $203,000. Koshinski Asset Management Inc. purchased a new position in shares of Knife River during the 1st quarter valued at approximately $206,000. CWM LLC grew its stake in Knife River by 57.5% in the 4th quarter. CWM LLC now owns 3,128 shares of the company’s stock valued at $207,000 after acquiring an additional 1,142 shares during the period. Finally, ICA Group Wealth Management LLC purchased a new stake in Knife River in the 4th quarter worth $211,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analysts Set New Price Targets

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

Knife River Trading Down 2.0 %

Knife River stock traded down $1.65 during trading on Tuesday, reaching $78.98. 717,333 shares of the company were exchanged, compared to its average volume of 396,431. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.75 and a quick ratio of 1.49. The stock’s 50 day simple moving average is $72.26 and its two-hundred day simple moving average is $73.34. The company has a market capitalization of $4.47 billion and a P/E ratio of 25.81. Knife River Co. has a 52-week low of $42.72 and a 52-week high of $83.78.

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

Knife River 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.