Knife River Co. (NYSE:KNF) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. cut its position in shares of Knife River Co. (NYSE:KNF) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,618 shares of the company’s stock after selling 454 shares during the quarter. John G Ullman & Associates Inc. owned 0.11% of Knife River worth $5,419,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC purchased a new position in Knife River during the third quarter valued at approximately $920,000. Horan Capital Advisors LLC. acquired a new position in Knife River in the 3rd quarter worth about $223,000. Thrivent Financial for Lutherans raised its stake in shares of Knife River by 36.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 78,803 shares of the company’s stock worth $7,045,000 after purchasing an additional 21,142 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in shares of Knife River during the 3rd quarter valued at about $567,000. Finally, RIA Advisory Group LLC acquired a new stake in Knife River in the third quarter valued at approximately $302,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Price Performance

Shares of Knife River stock opened at $98.30 on Thursday. The firm has a fifty day moving average price of $91.89 and a two-hundred day moving average price of $80.25. Knife River Co. has a fifty-two week low of $56.94 and a fifty-two week high of $103.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. The company has a market cap of $5.56 billion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.74.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. DA Davidson lifted their price objective on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Loop Capital decreased their target price on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, Oppenheimer lifted their price target on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.