Ellsworth Advisors LLC Purchases Shares of 6,697 Knife River Co. (NYSE:KNF)

Ellsworth Advisors LLC bought a new position in shares of Knife River Co. (NYSE:KNF) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,697 shares of the company’s stock, valued at approximately $681,000.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the period. Huntington National Bank grew its stake in Knife River by 586.0% in the 3rd 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. Point72 Asia Singapore Pte. Ltd. bought a new position in Knife River in the 2nd quarter valued at about $43,000. Harvest Fund Management Co. Ltd acquired a new stake in Knife River during the third quarter worth approximately $60,000. Finally, Sittner & Nelson LLC lifted its position in Knife River by 18.5% during the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after acquiring an additional 150 shares during the last quarter. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KNF has been the topic of several recent analyst reports. Loop Capital decreased their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Oppenheimer boosted their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, DA Davidson raised their price objective on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Knife River currently has an average rating of “Moderate Buy” and an average price target of $103.75.

Knife River Trading Up 0.6 %

Shares of KNF stock opened at $104.91 on Monday. Knife River Co. has a 1 year low of $62.10 and a 1 year high of $108.39. The company’s fifty day simple moving average is $101.34 and its two-hundred day simple moving average is $89.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 2.20 and a beta of 0.78.

Knife River (NYSE:KNF) last released its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Knife River’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.58 earnings per share. As a group, analysts anticipate that Knife River Co. will post 3.49 earnings per share for the current 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.