Mutual of America Capital Management LLC Has $2.27 Million Stock Holdings in Knife River Co. (NYSE:KNF)

Mutual of America Capital Management LLC cut its stake in Knife River Co. (NYSE:KNF) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 32,413 shares of the company’s stock after selling 1,291 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Knife River were worth $2,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNF. Retirement Systems of Alabama raised its holdings in shares of Knife River by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 71,032 shares of the company’s stock worth $5,759,000 after buying an additional 185 shares in the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Knife River by 1.2% during the 1st quarter. Oliver Luxxe Assets LLC now owns 17,493 shares of the company’s stock worth $1,418,000 after buying an additional 206 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Knife River by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 15,048 shares of the company’s stock worth $1,055,000 after buying an additional 280 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Knife River by 0.3% during the 1st quarter. Kennedy Capital Management LLC now owns 109,821 shares of the company’s stock worth $8,904,000 after buying an additional 299 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Knife River by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 13,855 shares of the company’s stock worth $1,123,000 after buying an additional 300 shares in the last quarter. 80.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Stephens assumed coverage on Knife River in a report on Tuesday, June 18th. They set an “overweight” rating and a $85.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.60.

Knife River Trading Down 0.1 %

Shares of KNF stock opened at $88.95 on Wednesday. The firm has a market capitalization of $5.04 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.92 and a beta of 0.81. Knife River Co. has a twelve month low of $46.51 and a twelve month high of $93.77. The company has a quick ratio of 1.49, a current ratio of 2.51 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $78.22 and its 200 day simple moving average is $76.12.

Knife River (NYSE:KNF) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. The business had revenue of $806.90 million for the quarter, compared to analyst estimates of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. Knife River’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, sell-side analysts predict that Knife River Co. will post 3.72 EPS for the current fiscal 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.