Knife River Co. (NYSE:KNF) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Knife River Co. (NYSE:KNF) by 36.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,803 shares of the company’s stock after acquiring an additional 21,142 shares during the period. Thrivent Financial for Lutherans owned approximately 0.14% of Knife River worth $7,045,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Chesapeake Capital Corp IL acquired a new position in Knife River during the third quarter valued at $567,000. RIA Advisory Group LLC acquired a new position in shares of Knife River in the 3rd quarter valued at about $302,000. Royce & Associates LP acquired a new position in shares of Knife River in the 3rd quarter valued at about $1,028,000. Huntington National Bank grew its holdings in Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after acquiring an additional 293 shares during the period. Finally, KBC Group NV raised its position in Knife River by 23.1% during the third quarter. KBC Group NV now owns 1,763 shares of the company’s stock valued at $158,000 after acquiring an additional 331 shares in the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNF has been the topic of several recent research reports. Loop Capital lowered their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. DA Davidson raised their price target on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Oppenheimer lifted their price objective 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 six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Knife River currently has an average rating of “Moderate Buy” and an average price target of $93.67.

Knife River Trading Up 2.1 %

Shares of NYSE:KNF opened at $102.65 on Friday. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74. The business’s 50 day moving average price is $92.65 and its 200-day moving average price is $80.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. Knife River Co. has a 1 year low of $58.20 and a 1 year high of $103.33.

Knife River (NYSE:KNF) last announced its earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $2.58 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities research analysts forecast that Knife River Co. will post 3.57 earnings per share for the current fiscal year.

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.