UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $16.60 Million Holdings in Knife River Co. (NYSE:KNF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in shares of Knife River Co. (NYSE:KNF) by 7.5% in the third quarter, HoldingsChannel.com reports. The firm owned 185,732 shares of the company’s stock after selling 15,049 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Knife River were worth $16,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KNF. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Knife River by 12.2% during 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 period. Hood River Capital Management LLC grew its position in shares of Knife River by 5.3% during the 2nd quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock worth $53,377,000 after buying an additional 38,152 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Knife River by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock worth $62,513,000 after buying an additional 5,791 shares during the period. Congress Asset Management Co. grew its position in shares of Knife River by 10.7% during the 3rd quarter. Congress Asset Management Co. now owns 679,547 shares of the company’s stock worth $60,745,000 after buying an additional 65,930 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in shares of Knife River by 2.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 660,225 shares of the company’s stock worth $59,017,000 after buying an additional 13,490 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Price Performance

Shares of KNF opened at $105.34 on Friday. Knife River Co. has a 12-month low of $61.21 and a 12-month high of $105.74. The business’s fifty day moving average is $95.86 and its 200 day moving average is $82.53. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The stock has a market cap of $5.96 billion, a P/E ratio of 30.18, a P/E/G ratio of 2.78 and a beta of 0.70.

Knife River (NYSE:KNF) last issued its earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $2.58 earnings per share. Knife River’s revenue for the quarter was up 1.4% on a year-over-year basis. Sell-side analysts anticipate that Knife River Co. will post 3.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. 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. Loop Capital reduced their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, DA Davidson raised their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $93.67.

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.