Mutual of America Capital Management LLC Acquires 1,849 Shares of Knife River Co. (NYSE:KNF)

Mutual of America Capital Management LLC raised its holdings in shares of Knife River Co. (NYSE:KNF) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,945 shares of the company’s stock after purchasing an additional 1,849 shares during the period. Mutual of America Capital Management LLC owned 0.06% of Knife River worth $2,313,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Moody Aldrich Partners LLC increased its stake in shares of Knife River by 21.0% during the fourth quarter. Moody Aldrich Partners LLC now owns 121,880 shares of the company’s stock valued at $8,066,000 after purchasing an additional 21,136 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of Knife River by 0.6% during the fourth quarter. New York State Teachers Retirement System now owns 62,430 shares of the company’s stock valued at $4,132,000 after purchasing an additional 400 shares in the last quarter. Arizona State Retirement System increased its position in shares of Knife River by 4.0% during the fourth quarter. Arizona State Retirement System now owns 14,232 shares of the company’s stock valued at $942,000 after acquiring an additional 542 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Knife River by 11.5% during the fourth quarter. State of Michigan Retirement System now owns 13,555 shares of the company’s stock valued at $897,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Planned Solutions Inc. bought a new stake in shares of Knife River during the fourth quarter valued at approximately $53,000. Institutional investors own 80.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of Knife River in a research report on Tuesday, February 13th. They set a “buy” rating and a $81.00 price target for the company. Wolfe Research assumed coverage on shares of Knife River in a research report on Friday, March 8th. They set a “peer perform” rating for the company. Bank of America assumed coverage on shares of Knife River in a research report on Friday, January 5th. They set a “buy” rating and a $81.00 price target for the company. Oppenheimer raised 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, Siebert Williams Shank raised their target price on shares of Knife River from $65.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, December 26th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Knife River currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.20.

Knife River Trading Down 0.5 %

Shares of KNF stock opened at $75.40 on Friday. Knife River Co. has a 12-month low of $33.67 and a 12-month high of $83.78. The company has a current ratio of 2.63, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. The firm’s 50 day moving average is $75.93 and its 200 day moving average is $65.34. The stock has a market capitalization of $4.27 billion and a P/E ratio of -0.15.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Thursday, February 15th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.16. The business had revenue of $646.90 million for the quarter, compared to analysts’ expectations of $566.47 million. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts expect that Knife River Co. will post 3.5 earnings per share for the current year.

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 six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading.