New York State Teachers Retirement System Grows Holdings in Knife River Co. (NYSE:KNF)

New York State Teachers Retirement System lifted its stake in shares of Knife River Co. (NYSE:KNF) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,230 shares of the company’s stock after acquiring an additional 5,494 shares during the period. New York State Teachers Retirement System owned 0.13% of Knife River worth $6,367,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 176 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Knife River in the second quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Knife River in the second quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale acquired a new position in Knife River during the second quarter worth about $96,000. Finally, Koshinski Asset Management Inc. acquired a new stake in Knife River during the first quarter valued at approximately $206,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Price Performance

NYSE:KNF opened at $89.23 on Tuesday. The firm has a market cap of $5.05 billion, a PE ratio of 25.71, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74. Knife River Co. has a 12 month low of $54.05 and a 12 month high of $99.54. The company’s 50-day moving average price is $87.36 and its two-hundred day moving average price is $78.76. The company has a quick ratio of 1.49, a current ratio of 2.51 and a debt-to-equity ratio of 0.52.

Knife River (NYSE:KNF) last announced 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). Knife River had a return on equity of 15.73% and a net margin of 6.88%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business earned $2.58 earnings per share. Knife River’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Knife River Co. will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer boosted their price target on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $86.60.

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.