Brady Martz Wealth Solutions LLC Takes $675,000 Position in Knife River Co. (NYSE:KNF)

Brady Martz Wealth Solutions LLC purchased a new position in shares of Knife River Co. (NYSE:KNF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,734 shares of the company’s stock, valued at approximately $675,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KNF. AdvisorNet Financial Inc increased its holdings in shares of Knife River by 4.2% during the 4th quarter. AdvisorNet Financial Inc now owns 5,645 shares of the company’s stock worth $574,000 after acquiring an additional 227 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Knife River by 34.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 51,359 shares of the company’s stock valued at $5,220,000 after purchasing an additional 13,199 shares during the last quarter. Oliver Luxxe Assets LLC raised its position in shares of Knife River by 5.2% in the fourth quarter. Oliver Luxxe Assets LLC now owns 34,300 shares of the company’s stock valued at $3,486,000 after purchasing an additional 1,708 shares during the period. GAMMA Investing LLC lifted its stake in shares of Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock worth $55,000 after buying an additional 227 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Knife River by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company’s stock worth $18,695,000 after buying an additional 49,785 shares during the period. Institutional investors own 80.11% of the company’s stock.

Knife River Stock Performance

NYSE:KNF opened at $104.91 on Friday. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 30.06, a PEG ratio of 2.20 and a beta of 0.78. Knife River Co. has a fifty-two week low of $62.10 and a fifty-two week high of $108.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.91 and a current ratio of 2.72. The stock has a fifty day moving average price of $101.34 and a 200-day moving average price of $89.29.

Knife River (NYSE:KNF) last posted its quarterly earnings data 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 firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company earned $2.58 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Knife River Co. will post 3.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Oppenheimer increased their price target on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. DA Davidson upped their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Loop Capital dropped their target price on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Knife River currently has an average rating of “Moderate Buy” and an average target price of $103.75.

Knife River 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.