Keybank National Association OH Acquires 478 Shares of Knife River Co. (NYSE:KNF)

Keybank National Association OH boosted its holdings in shares of Knife River Co. (NYSE:KNF) by 20.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,765 shares of the company’s stock after buying an additional 478 shares during the quarter. Keybank National Association OH’s holdings in Knife River were worth $281,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in Knife River by 10.5% during the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock valued at $38,201,000 after buying an additional 39,991 shares during the period. Harbor Capital Advisors Inc. grew its position in Knife River by 34.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company’s stock valued at $5,220,000 after buying an additional 13,199 shares during the period. Cerity Partners LLC grew its position in Knife River by 24.4% during the third quarter. Cerity Partners LLC now owns 25,487 shares of the company’s stock valued at $2,278,000 after buying an additional 5,004 shares during the period. State Street Corp grew its position in Knife River by 1.8% during the third quarter. State Street Corp now owns 2,003,069 shares of the company’s stock valued at $179,054,000 after buying an additional 34,646 shares during the period. Finally, Chesapeake Capital Corp IL bought a new stake in Knife River during the third quarter valued at approximately $567,000. 80.11% of the stock is currently owned by institutional investors.

Knife River Price Performance

KNF stock opened at $89.69 on Tuesday. Knife River Co. has a one year low of $66.13 and a one year high of $108.83. The company’s fifty day moving average price is $99.41 and its 200-day moving average price is $95.47. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The company has a market capitalization of $5.08 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88.

Knife River (NYSE:KNF) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. On average, equities analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KNF. Stephens reiterated an “overweight” rating and issued a $120.00 price target on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company began coverage on shares of Knife River in a research report on Monday. They issued an “overweight” rating and a $102.00 price target for the company. Finally, Oppenheimer upped their price target on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $110.40.

About Knife River

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.