Mutual of America Capital Management LLC Increases Stock Position in Knife River Co. (NYSE:KNF)

Mutual of America Capital Management LLC lifted its holdings in Knife River Co. (NYSE:KNF) by 5.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 34,945 shares of the company’s stock after purchasing an additional 1,849 shares during the period. Mutual of America Capital Management LLC’s holdings in Knife River were worth $2,313,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Cascade Investment Advisors Inc. raised its stake in shares of Knife River by 1.4% during the 4th quarter. Cascade Investment Advisors Inc. now owns 16,157 shares of the company’s stock worth $1,069,000 after acquiring an additional 225 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Knife River by 2.9% during the 3rd quarter. Victory Capital Management Inc. now owns 9,441 shares of the company’s stock worth $461,000 after acquiring an additional 265 shares in the last quarter. CWM LLC raised its stake in shares of Knife River by 18.7% during the 3rd quarter. CWM LLC now owns 1,986 shares of the company’s stock worth $97,000 after acquiring an additional 313 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Knife River by 3.5% during the 3rd quarter. Private Advisor Group LLC now owns 11,496 shares of the company’s stock worth $561,000 after acquiring an additional 394 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Knife River by 0.4% during the 3rd quarter. Swiss National Bank now owns 105,698 shares of the company’s stock worth $5,161,000 after acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on KNF. Wolfe Research began coverage on shares of Knife River in a research note on Friday, March 8th. They set a “peer perform” rating on the stock. Oppenheimer upped their price target on shares of Knife River from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Siebert Williams Shank upped their price target on shares of Knife River from $65.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, December 26th. Loop Capital began coverage on shares of Knife River in a research note on Tuesday, February 13th. They set a “buy” rating and a $81.00 price target on the stock. Finally, Bank of America began coverage on shares of Knife River in a research note on Friday, January 5th. They set a “buy” rating and a $81.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.20.

Knife River Stock Down 0.5 %

NYSE:KNF opened at $75.40 on Friday. The firm has a market capitalization of $4.27 billion and a P/E ratio of -0.15. Knife River Co. has a 1-year low of $33.67 and a 1-year high of $83.78. The company’s fifty day moving average price is $75.93 and its 200-day moving average price is $65.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.63 and a quick ratio of 1.71.

Knife River (NYSE:KNF) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The firm had revenue of $646.90 million for the quarter, compared to analyst estimates of $566.47 million. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The business’s revenue was up 20.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Knife River Co. will post 3.5 EPS for the current 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 six segments: Pacific, Northwest, Mountain, North Central, South, and Energy Services. The company mines, processes, and sells construction aggregates, including crushed stone and sand, and gravel; and produces and sells asphalt and ready-mix concrete, as well as provides contracting service, such as heavy-civil construction, asphalt and concrete paving, and site development and grading.