Knife River Co. (NYSE:KNF) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. decreased its position in shares of Knife River Co. (NYSE:KNF) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,445 shares of the company’s stock after selling 550 shares during the quarter. Moors & Cabot Inc.’s holdings in Knife River were worth $1,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KNF. GAMMA Investing LLC increased its position in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares in the last quarter. Huntington National Bank boosted its stake in Knife River by 586.0% during the 3rd quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after purchasing an additional 293 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Knife River during the second quarter worth $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Knife River in the second quarter valued at about $43,000. Finally, Sittner & Nelson LLC lifted its stake in shares of Knife River by 18.5% in the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Knife River Trading Up 2.3 %

NYSE KNF opened at $100.52 on Friday. Knife River Co. has a 12 month low of $57.49 and a 12 month high of $103.33. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. The firm’s 50-day moving average is $92.28 and its two-hundred day moving average is $80.37. The stock has a market capitalization of $5.69 billion, a P/E ratio of 28.17, a PEG ratio of 2.63 and a beta of 0.74.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a return on equity of 15.22% and a net margin of 6.89%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company earned $2.58 EPS. Knife River’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Knife River Co. will post 3.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

KNF has been the topic of a number of analyst reports. DA Davidson lifted their price objective on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Loop Capital reduced their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Oppenheimer raised their price objective on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Knife River currently has a consensus rating of “Moderate Buy” and an average target price of $93.67.

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.