LVW Advisors LLC Sells 474 Shares of Knife River Co. (NYSE:KNF)

LVW Advisors LLC reduced its position in Knife River Co. (NYSE:KNF) by 7.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,553 shares of the company’s stock after selling 474 shares during the period. LVW Advisors LLC’s holdings in Knife River were worth $564,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in Knife River by 138.6% in the 2nd quarter. American Century Companies Inc. now owns 65,946 shares of the company’s stock worth $4,625,000 after buying an additional 38,313 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Knife River by 122.1% during the second quarter. Envestnet Asset Management Inc. now owns 31,518 shares of the company’s stock valued at $2,211,000 after purchasing an additional 17,328 shares during the period. Renaissance Technologies LLC lifted its position in Knife River by 16.1% during the second quarter. Renaissance Technologies LLC now owns 185,000 shares of the company’s stock valued at $12,976,000 after purchasing an additional 25,600 shares during the period. Thrivent Financial for Lutherans lifted its position in Knife River by 306.8% during the second quarter. Thrivent Financial for Lutherans now owns 57,661 shares of the company’s stock valued at $4,044,000 after purchasing an additional 43,486 shares during the period. Finally, Hood River Capital Management LLC boosted its holdings in Knife River by 5.3% in the second quarter. Hood River Capital Management LLC now owns 761,001 shares of the company’s stock worth $53,377,000 after purchasing an additional 38,152 shares during the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Knife River Stock Up 0.6 %

NYSE KNF opened at $104.91 on Tuesday. Knife River Co. has a 52 week low of $62.10 and a 52 week high of $108.39. 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 company has a market capitalization of $5.94 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 2.20 and a beta of 0.78. The stock’s 50-day moving average price is $101.46 and its 200-day moving average price is $89.67.

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). The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Knife River’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.58 EPS. On average, equities research analysts predict that Knife River Co. will post 3.49 earnings per share for the current year.

Analyst Ratings Changes

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

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.