Oliver Luxxe Assets LLC Purchases 14,691 Shares of Knife River Co. (NYSE:KNF)

Oliver Luxxe Assets LLC boosted its stake in shares of Knife River Co. (NYSE:KNF) by 82.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,592 shares of the company’s stock after acquiring an additional 14,691 shares during the period. Oliver Luxxe Assets LLC’s holdings in Knife River were worth $2,913,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Knife River by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 6,044,184 shares of the company’s stock worth $400,004,000 after buying an additional 503,892 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of Knife River by 12.2% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock worth $144,785,000 after buying an additional 224,373 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Knife River by 122.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 819,296 shares of the company’s stock valued at $54,221,000 after purchasing an additional 450,574 shares during the last quarter. Hood River Capital Management LLC lifted its position in shares of Knife River by 5.3% during the second quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock worth $53,377,000 after acquiring an additional 38,152 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Knife River by 37.5% during the second quarter. Federated Hermes Inc. now owns 384,215 shares of the company’s stock worth $26,949,000 after acquiring an additional 104,720 shares in the last quarter. Institutional investors own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of NYSE:KNF opened at $89.68 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.49 and a current ratio of 2.51. The firm’s 50 day simple moving average is $81.11 and its 200-day simple moving average is $77.15. Knife River Co. has a one year low of $46.51 and a one year high of $93.77. The firm has a market cap of $5.08 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.13. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The business had revenue of $806.90 million during the quarter, compared to analysts’ expectations of $803.81 million. During the same quarter last year, the company posted $1.00 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, equities analysts predict that Knife River Co. will post 3.72 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Stephens began coverage on shares of Knife River in a research report on Tuesday, June 18th. They set an “overweight” rating and a $85.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Knife River has a consensus rating of “Moderate Buy” and a consensus price target of $81.60.

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.