Harbor Capital Advisors Inc. Acquires 13,199 Shares of Knife River Co. (NYSE:KNF)

Harbor Capital Advisors Inc. raised its holdings in Knife River Co. (NYSE:KNF) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 51,359 shares of the company’s stock after acquiring an additional 13,199 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.09% of Knife River worth $5,220,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Knife River by 129.4% in the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the last quarter. Huntington National Bank lifted its stake in Knife River by 586.0% in the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Knife River during the second quarter worth about $43,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Knife River during the 3rd quarter worth about $60,000. Finally, Sittner & Nelson LLC increased its stake in shares of Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer boosted their price objective 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. Loop Capital decreased their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, DA Davidson raised their price objective on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment 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 a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

Knife River Stock Down 3.1 %

Knife River stock opened at $95.23 on Friday. The company has a 50 day moving average of $100.89 and a 200-day moving average of $88.08. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. Knife River Co. has a twelve month low of $61.82 and a twelve month high of $108.39. The stock has a market capitalization of $5.39 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 2.81 and a beta of 0.78.

Knife River (NYSE:KNF) last announced its earnings results on Monday, November 4th. The company reported $2.60 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.12 billion. Knife River had a return on equity of 15.22% and a net margin of 6.89%. Knife River’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.58 earnings per share. On average, equities research analysts anticipate that Knife River Co. will post 3.49 EPS for the current fiscal year.

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.