2,259 Shares in Knife River Co. (NYSE:KNF) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in Knife River Co. (NYSE:KNF) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,259 shares of the company’s stock, valued at approximately $230,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC grew its stake in shares of Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the last quarter. GAMMA Investing LLC grew its position in Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after purchasing an additional 227 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in shares of Knife River during the 4th quarter worth about $109,000. Jones Financial Companies Lllp raised its position in shares of Knife River by 40.2% during the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after buying an additional 476 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Knife River in the fourth quarter valued at about $203,000. 80.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Oppenheimer boosted their price target on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Wells Fargo & Company initiated coverage on 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, Stephens reaffirmed an “overweight” rating and issued a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $110.40.

Knife River Trading Down 3.5 %

Shares of KNF opened at $89.59 on Friday. 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 stock has a market cap of $5.07 billion, a PE ratio of 25.31, a PEG ratio of 2.36 and a beta of 0.88. Knife River Co. has a 1 year low of $66.13 and a 1 year high of $108.83. The stock has a 50 day simple moving average of $97.26 and a 200-day simple moving average of $96.72.

Knife River (NYSE:KNF) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. On average, sell-side analysts predict that Knife River Co. will post 4.11 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.