1 week Ago By ABMN Staff
Pictet Asset Management Holding SA increased its holdings in Knife River Co. ( NYSE:KNF – Free Report ) by 15.3% in the fourth quarter, HoldingsChannel.
com reports. The firm owned 8,268 shares of the company’s stock after buying an additional 1,097 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Knife River were worth $840,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. increased its stake in shares of Knife River by 10.
5% during the third quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock worth $38,201,000 after purchasing an additional 39,991 shares in the last quarter.
Harbor Capital Advisors Inc. increased its position in shares of Knife River by 34.6% during the fourth quarter.
Harbor Capital Advisors Inc. now owns 51,359 shares of the company’s stock worth $5,220,000 after purchasing an additional 13,199 shares in the last quarter. State Street Corp increased its position in shares of Knife River by 1.
8% during the third quarter. State Street Corp now owns 2,003,069 shares of the company’s stock worth $179,054,000 after purchasing an additional 34,646 shares in the last quarter. JPMorgan Chase & Co.
raised its stake in Knife River by 31.2% in the 3rd quarter. JPMorgan Chase & Co.
now owns 209,136 shares of the company’s stock valued at $18,695,000 after purchasing an additional 49,785 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Knife River by 36.3% in the 3rd quarter.
Stifel Financial Corp now owns 44,495 shares of the company’s stock valued at $3,977,000 after purchasing an additional 11,839 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.
Analysts Set New Price Targets A number of research firms have recently issued reports on KNF. Stephens reaffirmed an “overweight” rating and set a $120.00 target price on shares of Knife River in a report on Friday, February 14th.
Oppenheimer increased their price objective on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th.
Finally, Wells Fargo & Company started coverage on Knife River in a report on Monday, March 10th. They set an “overweight” rating and a $102.00 target price on the stock.
Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Knife River currently has a consensus rating of “Buy” and an average price target of $110.40.
Knife River Price Performance Knife River stock opened at $84.46 on Tuesday. The company has a current ratio of 2.
67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45.
The company has a 50-day moving average price of $95.46 and a 200 day moving average price of $97.09.
Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.
83. The stock has a market cap of $4.78 billion, a P/E ratio of 23.
86, a PEG ratio of 2.36 and a beta of 0.97.
Knife River ( NYSE:KNF – Get Free Report ) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.
40 by $0.01. The firm had revenue of $657.
20 million for the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a return on equity of 14.
82% and a net margin of 6.96%. Sell-side analysts anticipate that Knife River Co.
will post 4.11 earnings per share for the current year. Knife River Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding KNF? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Knife River Co. ( NYSE:KNF – Free Report ). Receive News & Ratings for Knife River Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knife River and related companies with MarketBeat.
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