4D Advisors LLC Takes $3.52 Million Position in Knife River Corporation $KNF

4D Advisors LLC bought a new stake in Knife River Corporation (NYSE:KNF) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $3,518,000.

A number of other institutional investors have also modified their holdings of KNF. Jones Financial Companies Lllp boosted its stake in shares of Knife River by 284.9% in the first quarter. Jones Financial Companies Lllp now owns 6,390 shares of the company’s stock valued at $576,000 after buying an additional 4,730 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Knife River in the first quarter valued at $424,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Knife River by 16.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 227,565 shares of the company’s stock valued at $20,529,000 after purchasing an additional 32,762 shares during the last quarter. State Street Corp increased its stake in Knife River by 0.6% in the second quarter. State Street Corp now owns 2,101,198 shares of the company’s stock valued at $171,542,000 after purchasing an additional 12,308 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in Knife River by 71.0% in the second quarter. Raymond James Financial Inc. now owns 354,860 shares of the company’s stock valued at $28,971,000 after purchasing an additional 147,387 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Performance

KNF opened at $83.54 on Thursday. The stock has a 50-day moving average of $81.55 and a 200-day moving average of $79.69. Knife River Corporation has a 52-week low of $58.72 and a 52-week high of $95.29. The company has a market cap of $4.74 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 1.47 and a beta of 0.40. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.31 and a current ratio of 2.67.

Knife River (NYSE:KNF) last announced its earnings results on Tuesday, May 5th. The company reported ($1.40) earnings per share for the quarter, beating the consensus estimate of ($1.42) by $0.02. Knife River had a return on equity of 9.35% and a net margin of 4.58%.The firm had revenue of $410.13 million during the quarter, compared to the consensus estimate of $387.06 million. During the same quarter in the prior year, the company earned ($1.21) EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that Knife River Corporation will post 3.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on KNF. Royal Bank Of Canada raised their price objective on Knife River from $106.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Wells Fargo & Company dropped their price objective on Knife River from $81.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 15th. DA Davidson boosted their price objective on Knife River from $95.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings raised Knife River from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Knife River from $90.00 to $95.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Knife River has an average rating of “Moderate Buy” and a consensus price target of $97.29.

Knife River Company Profile

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.