Cascade Investment Advisors Inc. Sells 240 Shares of Knife River Co. (NYSE:KNF)

Cascade Investment Advisors Inc. reduced its stake in Knife River Co. (NYSE:KNF) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,315 shares of the company’s stock after selling 240 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Knife River were worth $1,557,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of KNF. Angeles Wealth Management LLC increased its stake in shares of Knife River by 1.5% during the third quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company’s stock worth $760,000 after purchasing an additional 125 shares during the period. Sittner & Nelson LLC raised its stake in Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd boosted its holdings in Knife River by 13.2% in the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after purchasing an additional 150 shares during the period. GAMMA Investing LLC grew its position 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 purchasing an additional 176 shares in the last quarter. Finally, LVW Advisors LLC increased its holdings in shares of Knife River by 3.3% during the third quarter. LVW Advisors LLC now owns 6,027 shares of the company’s stock worth $539,000 after purchasing an additional 195 shares during the period. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KNF shares. DA Davidson boosted their price target on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer upped their target price on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, 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. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.75.

Knife River Stock Down 4.2 %

Shares of KNF opened at $100.01 on Tuesday. The firm has a 50 day simple moving average of $102.29 and a two-hundred day simple moving average of $90.62. The company has a market cap of $5.66 billion, a P/E ratio of 28.66, a P/E/G ratio of 2.47 and a beta of 0.78. Knife River Co. has a one year low of $65.35 and a one year high of $108.83. 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 (NYSE:KNF) last announced 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 return on equity of 15.22% and a net margin of 6.89%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company earned $2.58 earnings per share. Knife River’s quarterly revenue was up 1.4% compared to the same quarter last year. Research analysts forecast that Knife River Co. will post 3.49 EPS for the current fiscal year.

About Knife River

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.