TFO Wealth Partners LLC Buys 765 Shares of Knife River Co. (NYSE:KNF)

TFO Wealth Partners LLC boosted its stake in shares of Knife River Co. (NYSE:KNFFree Report) by 38,250.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 767 shares of the company’s stock after purchasing an additional 765 shares during the quarter. TFO Wealth Partners LLC’s holdings in Knife River were worth $51,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KNF. Financial Management Professionals Inc. purchased a new position in shares of Knife River in the 4th quarter worth approximately $35,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Knife River in the 3rd quarter valued at approximately $34,000. Planned Solutions Inc. acquired a new stake in Knife River in the 4th quarter worth approximately $53,000. Clear Street Markets LLC purchased a new stake in Knife River during the 3rd quarter worth approximately $59,000. Finally, Acadian Asset Management LLC acquired a new position in Knife River during the 3rd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Oppenheimer raised their target price on Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Loop Capital began coverage on Knife River in a report on Tuesday, February 13th. They set a “buy” rating and a $81.00 target price for the company. Finally, Wolfe Research assumed coverage on shares of Knife River in a report on Friday, March 8th. They issued a “peer perform” rating on the stock. 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, Knife River presently has an average rating of “Moderate Buy” and an average price target of $76.20.

Read Our Latest Stock Report on KNF

Knife River Stock Performance

Shares of NYSE:KNF opened at $67.81 on Friday. The business’s 50 day moving average price is $76.23 and its 200-day moving average price is $70.58. Knife River Co. has a 1 year low of $37.06 and a 1 year high of $83.78. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.75 and a quick ratio of 1.49. The firm has a market capitalization of $3.84 billion and a PE ratio of 21.87.

Knife River (NYSE:KNFGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.84) earnings per share for the quarter, missing the consensus estimate of ($0.80) by ($0.04). The business had revenue of $329.60 million during the quarter, compared to analysts’ expectations of $300.98 million. Knife River had a return on equity of 14.65% and a net margin of 6.19%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted ($516.50) earnings per share. As a group, equities research analysts expect that Knife River Co. will post 3.52 earnings per share for the current fiscal year.

Knife River Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Knife River (NYSE:KNF)

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