US Bancorp DE Buys 1,090 Shares of Knife River Co. (NYSE:KNF)

US Bancorp DE raised its position in shares of Knife River Co. (NYSE:KNF) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 423,337 shares of the company’s stock after acquiring an additional 1,090 shares during the period. US Bancorp DE owned approximately 0.75% of Knife River worth $37,842,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Knife River by 129.4% during the 3rd 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. International Assets Investment Management LLC purchased a new position in shares of Knife River during the second quarter valued at approximately $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Knife River during the second quarter valued at approximately $43,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Knife River in the second quarter worth approximately $96,000. Finally, Greenleaf Trust bought a new stake in shares of Knife River during the 3rd quarter worth approximately $214,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Stock Down 1.8 %

Shares of NYSE KNF opened at $97.32 on Friday. Knife River Co. has a 52-week low of $48.67 and a 52-week high of $99.54. The firm has a market capitalization of $5.51 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 2.44 and a beta of 0.82. The stock has a 50 day moving average price of $86.80 and a 200 day moving average price of $78.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51.

Knife River (NYSE:KNF) last issued its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.13. The business had revenue of $806.90 million during the quarter, compared to analysts’ expectations of $803.81 million. Knife River had a return on equity of 15.73% and a net margin of 6.88%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.00 EPS. Sell-side analysts expect that Knife River Co. will post 3.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.