125,801 Shares in Knife River Co. (NYSE:KNF) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in Knife River Co. (NYSE:KNF) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 125,801 shares of the company’s stock, valued at approximately $12,786,000.

Other hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in shares of Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares in the last quarter. GAMMA Investing LLC lifted its stake in Knife River by 72.8% during the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after acquiring an additional 227 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Knife River during the 3rd quarter worth $60,000. Lee Danner & Bass Inc. bought a new stake in shares of Knife River in the 4th quarter worth $109,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Knife River by 40.2% in the fourth quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of KNF stock opened at $97.01 on Wednesday. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83. The firm’s 50-day simple moving average is $97.90 and its two-hundred day simple moving average is $96.65. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 2.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The business had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. As a group, equities analysts forecast that Knife River Co. will post 4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KNF shares. Stephens restated an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Oppenheimer upped their target price on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Wells Fargo & Company began coverage on Knife River in a research report on Monday, March 10th. They set an “overweight” rating and a $102.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Knife River has an average rating of “Buy” and an average price target of $110.40.

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.