Loomis Sayles & Co. L P Grows Stock Holdings in Knife River Co. (NYSE:KNF)

Loomis Sayles & Co. L P grew its holdings in shares of Knife River Co. (NYSE:KNF) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 660,225 shares of the company’s stock after purchasing an additional 13,490 shares during the quarter. Loomis Sayles & Co. L P owned approximately 1.17% of Knife River worth $59,017,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in KNF. GAMMA Investing LLC lifted its holdings in shares of Knife River by 129.4% during the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after acquiring an additional 176 shares during the period. Huntington National Bank raised its stake in Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Knife River in the 2nd quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Knife River during the 2nd quarter valued at $43,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Knife River during the 3rd quarter worth $60,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Price Performance

Shares of NYSE KNF opened at $102.65 on Monday. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 2.76 and a beta of 0.74. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. Knife River Co. has a 1-year low of $58.20 and a 1-year high of $103.33. The business has a 50-day moving average of $93.02 and a 200-day moving average of $80.71.

Knife River (NYSE:KNF) last released its quarterly 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). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the company earned $2.58 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Knife River Co. will post 3.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on KNF shares. Loop Capital reduced their target price on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. DA Davidson lifted their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Oppenheimer increased their target price on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.