Congress Asset Management Co. Purchases 16,698 Shares of Knife River Co. (NYSE:KNF)

Congress Asset Management Co. increased its holdings in Knife River Co. (NYSE:KNF) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 696,245 shares of the company’s stock after acquiring an additional 16,698 shares during the period. Congress Asset Management Co.’s holdings in Knife River were worth $70,766,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Angeles Wealth Management LLC raised its position in Knife River by 1.5% in the third quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company’s stock worth $760,000 after acquiring an additional 125 shares during the period. Sittner & Nelson LLC raised its holdings in shares of Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after purchasing an additional 150 shares during the period. Covestor Ltd lifted its stake in Knife River by 13.2% in the third quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after purchasing an additional 150 shares during the last quarter. GAMMA Investing LLC grew its holdings in Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after purchasing an additional 176 shares during the period. Finally, AdvisorNet Financial Inc increased its position in Knife River by 4.2% in the fourth quarter. AdvisorNet Financial Inc now owns 5,645 shares of the company’s stock worth $574,000 after buying an additional 227 shares during the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on KNF. DA Davidson increased their price target on Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Loop Capital reduced their target price on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stephens restated an “overweight” rating and set a $120.00 price target on shares of Knife River in a research note on Friday. Finally, Oppenheimer lifted their price objective on shares of Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Knife River presently has an average rating of “Moderate Buy” and an average target price of $112.50.

Knife River Trading Up 0.5 %

Shares of KNF opened at $101.88 on Friday. The business’s 50-day moving average price is $102.32 and its 200-day moving average price is $93.07. 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 $66.13 and a twelve month high of $108.83. The stock has a market cap of $5.77 billion, a PE ratio of 29.19, a P/E/G ratio of 2.41 and a beta of 0.76.

Knife River (NYSE:KNF) last posted its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. The business had revenue of $657.20 million for the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a net margin of 6.89% and a return on equity of 15.22%. On average, equities analysts forecast that Knife River Co. will post 3.49 EPS for the current fiscal year.

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.