Oliver Luxxe Assets LLC Grows Stock Position in Knife River Co. (NYSE:KNF)

Oliver Luxxe Assets LLC lifted its position in shares of Knife River Co. (NYSE:KNF) by 1.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 17,493 shares of the company’s stock after acquiring an additional 206 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Knife River were worth $1,418,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KNF. Acadian Asset Management LLC purchased a new stake in shares of Knife River during the 3rd quarter valued at approximately $66,000. LPL Financial LLC lifted its stake in Knife River by 6.0% during the third quarter. LPL Financial LLC now owns 77,296 shares of the company’s stock worth $3,774,000 after purchasing an additional 4,409 shares during the last quarter. Stifel Financial Corp increased its position in shares of Knife River by 6.0% during the 3rd quarter. Stifel Financial Corp now owns 41,034 shares of the company’s stock valued at $2,004,000 after purchasing an additional 2,312 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Knife River by 4.6% during the 3rd quarter. Northern Trust Corp now owns 610,212 shares of the company’s stock valued at $29,797,000 after buying an additional 26,757 shares in the last quarter. Finally, Corton Capital Inc. purchased a new stake in Knife River in the third quarter worth approximately $213,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Stock Down 1.8 %

Shares of NYSE:KNF traded down $1.26 during trading on Monday, hitting $68.88. The stock had a trading volume of 122,115 shares, compared to its average volume of 396,781. The company has a quick ratio of 1.49, a current ratio of 2.75 and a debt-to-equity ratio of 0.55. Knife River Co. has a 12 month low of $41.53 and a 12 month high of $83.78. The company has a market capitalization of $3.90 billion and a PE ratio of 22.63. The firm’s fifty day moving average is $73.26 and its 200 day moving average is $71.81.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.84) EPS for the quarter, missing the consensus estimate of ($0.80) by ($0.04). The business had revenue of $329.60 million for the quarter, compared to the consensus estimate of $300.98 million. Knife River had a return on equity of 14.65% and a net margin of 6.19%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($516.50) EPS. Analysts anticipate that Knife River Co. will post 3.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KNF shares. Wolfe Research started coverage on shares of Knife River in a report on Friday, March 8th. They issued a “peer perform” rating for the company. Oppenheimer upped their price target on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, Stephens started coverage on Knife River in a research report on Tuesday, June 18th. They issued an “overweight” rating and a $85.00 price objective for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.67.

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.