Public Employees Retirement System of Ohio Has $71,000 Position in Knife River Co. (NYSE:KNF)

Public Employees Retirement System of Ohio lessened its stake in Knife River Co. (NYSE:KNF) by 93.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 798 shares of the company’s stock after selling 11,462 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Knife River were worth $71,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after purchasing an additional 176 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Knife River in the 2nd quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Knife River in the second quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Knife River during the third quarter valued at approximately $60,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on KNF. DA Davidson boosted their target price on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Loop Capital lowered their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Oppenheimer upped their price target on Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.33.

Knife River Trading Up 5.7 %

Knife River stock opened at $105.71 on Monday. Knife River Co. has a 52 week low of $61.50 and a 52 week high of $108.39. 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 firm has a market capitalization of $5.98 billion, a PE ratio of 30.29, a PEG ratio of 2.90 and a beta of 0.70. The business’s 50-day simple moving average is $98.88 and its 200-day simple moving average is $85.03.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.60 earnings per share 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $2.58 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts forecast that Knife River Co. will post 3.49 earnings per share for the current 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.