Knife River Co. (NYSE:KNF) Shares Sold by Driehaus Capital Management LLC

Driehaus Capital Management LLC cut its stake in Knife River Co. (NYSE:KNF) by 2.3% in the second quarter, Holdings Channel.com reports. The fund owned 698,756 shares of the company’s stock after selling 16,225 shares during the quarter. Driehaus Capital Management LLC’s holdings in Knife River were worth $49,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of KNF. Vanguard Group Inc. boosted its stake in Knife River by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 6,044,184 shares of the company’s stock worth $400,004,000 after purchasing an additional 503,892 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in Knife River by 12.2% in 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 acquiring an additional 224,373 shares during the period. Gilder Gagnon Howe & Co. LLC raised its stake in Knife River by 48.0% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 1,150,473 shares of the company’s stock valued at $76,138,000 after acquiring an additional 373,359 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Knife River by 122.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 819,296 shares of the company’s stock worth $54,221,000 after acquiring an additional 450,574 shares during the period. Finally, Hood River Capital Management LLC grew its stake 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 valued at $53,377,000 after purchasing an additional 38,152 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Down 0.1 %

Knife River stock opened at $89.07 on Friday. The stock’s 50 day moving average price is $78.76 and its 200 day moving average price is $76.30. Knife River Co. has a 1-year low of $46.51 and a 1-year high of $93.77. The company has a market cap of $5.04 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49.

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

Analyst Upgrades and Downgrades

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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.60.

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.