Mutual of America Capital Management LLC Sells 1,815 Shares of Knife River Co. (NYSE:KNF)

Mutual of America Capital Management LLC reduced its stake in shares of Knife River Co. (NYSE:KNF) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 30,598 shares of the company’s stock after selling 1,815 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Knife River were worth $2,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted its position in Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after buying an additional 176 shares during the last quarter. Huntington National Bank boosted its holdings in Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after acquiring an additional 293 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Knife River in the second quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Knife River during the 2nd quarter worth about $43,000. Finally, Sittner & Nelson LLC lifted its position in Knife River by 18.5% during the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Up 2.1 %

Shares of NYSE:KNF opened at $102.65 on Friday. The company has a 50 day moving average price of $93.02 and a two-hundred day moving average price of $80.66. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The company has a market capitalization of $5.81 billion, a PE ratio of 29.41, a PEG ratio of 2.70 and a beta of 0.74. Knife River Co. has a 52 week low of $58.20 and a 52 week high of $103.33.

Knife River (NYSE:KNF) last released 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). The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Knife River’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.58 EPS. Analysts forecast that Knife River Co. will post 3.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Loop Capital lowered their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Oppenheimer lifted their target price on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Finally, DA Davidson increased their price target on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

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.