Cwm LLC Raises Stake in Knife River Co. (NYSE:KNF)

Cwm LLC grew its holdings in shares of Knife River Co. (NYSE:KNF) by 57.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,128 shares of the company’s stock after acquiring an additional 1,142 shares during the quarter. Cwm LLC’s holdings in Knife River were worth $207,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new stake in Knife River in the third quarter worth $34,000. Financial Management Professionals Inc. bought a new stake in shares of Knife River in the 4th quarter valued at about $35,000. Planned Solutions Inc. purchased a new stake in Knife River during the 4th quarter valued at about $53,000. Clear Street Markets LLC bought a new position in Knife River during the 3rd quarter worth approximately $59,000. Finally, Acadian Asset Management LLC purchased a new position in Knife River in the 3rd quarter worth approximately $66,000. 80.11% of the stock is currently owned by institutional investors.

Knife River Stock Up 0.0 %

Shares of Knife River stock opened at $78.99 on Friday. The company’s fifty day simple moving average is $77.61 and its two-hundred day simple moving average is $67.31. Knife River Co. has a 12-month low of $33.67 and a 12-month high of $83.78. The company has a current ratio of 2.63, a quick ratio of 1.71 and a debt-to-equity ratio of 0.53. The company has a market cap of $4.47 billion and a P/E ratio of -0.15.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.16. The company had revenue of $646.90 million for the quarter, compared to analysts’ expectations of $566.47 million. Knife River had a net margin of 6.46% and a return on equity of 15.98%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts anticipate that Knife River Co. will post 3.5 EPS for the current year.

Analysts Set New Price Targets

KNF has been the topic of several recent analyst reports. Loop Capital assumed coverage on shares of Knife River in a report on Tuesday, February 13th. They issued a “buy” rating and a $81.00 target price on the stock. Wolfe Research began coverage on shares of Knife River in a report on Friday, March 8th. They issued a “peer perform” rating on the stock. Finally, Oppenheimer upped their price objective 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. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.20.

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.