Lee Danner & Bass Inc. Purchases Shares of 1,075 Knife River Co. (NYSE:KNF)

Lee Danner & Bass Inc. purchased a new stake in shares of Knife River Co. (NYSE:KNF) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,075 shares of the company’s stock, valued at approximately $109,000.

A number of other institutional investors have also bought and sold shares of the company. State Street Corp boosted its position in Knife River by 1.8% during the third quarter. State Street Corp now owns 2,003,069 shares of the company’s stock valued at $179,054,000 after acquiring an additional 34,646 shares during the last quarter. Geode Capital Management LLC boosted its position in Knife River by 2.0% during the third quarter. Geode Capital Management LLC now owns 1,337,273 shares of the company’s stock valued at $119,561,000 after acquiring an additional 26,198 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Knife River by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after acquiring an additional 5,791 shares during the last quarter. Congress Asset Management Co. boosted its position in Knife River by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 696,245 shares of the company’s stock valued at $70,766,000 after acquiring an additional 16,698 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in Knife River by 2.1% during the third quarter. Loomis Sayles & Co. L P now owns 660,225 shares of the company’s stock valued at $59,017,000 after acquiring an additional 13,490 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on KNF. Stephens reissued an “overweight” rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company began coverage on shares of Knife River in a research report on Monday, March 10th. They set an “overweight” rating and a $102.00 price objective on the stock. Finally, Oppenheimer increased their price objective on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $110.40.

Knife River Price Performance

Shares of NYSE KNF opened at $91.07 on Friday. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two week high of $108.83. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The firm’s 50-day simple moving average is $97.93 and its 200 day simple moving average is $96.05.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. As a group, research analysts anticipate that Knife River Co. will post 4.11 earnings per share for the current fiscal 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 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.