Fmr LLC Has $1.08 Million Holdings in Knife River Co. (NYSE:KNF)

Fmr LLC lifted its position in shares of Knife River Co. (NYSE:KNF) by 90.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,091 shares of the company’s stock after purchasing an additional 5,746 shares during the quarter. Fmr LLC’s holdings in Knife River were worth $1,081,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Knife River by 12.2% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock valued at $144,785,000 after purchasing an additional 224,373 shares in the last quarter. Hood River Capital Management LLC raised its holdings in shares of Knife River by 5.3% in the 2nd quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock worth $53,377,000 after acquiring an additional 38,152 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Knife River by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after acquiring an additional 5,791 shares in the last quarter. Congress Asset Management Co. boosted its stake in Knife River by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 679,547 shares of the company’s stock valued at $60,745,000 after purchasing an additional 65,930 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its holdings in Knife River by 2.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 660,225 shares of the company’s stock worth $59,017,000 after purchasing an additional 13,490 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Trading Up 4.1 %

Shares of Knife River stock opened at $106.51 on Tuesday. The firm has a market cap of $6.03 billion, a PE ratio of 30.52, a P/E/G ratio of 2.90 and a beta of 0.70. Knife River Co. has a 1 year low of $61.50 and a 1 year high of $107.96. 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 fifty day moving average price of $97.36 and a 200-day moving average price of $83.81.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on KNF shares. Oppenheimer raised their target price on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday. DA Davidson raised their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Loop Capital reduced their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Knife River presently has an average rating of “Moderate Buy” and an average target price of $95.33.

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.