Susquehanna Fundamental Investments LLC Takes $1.69 Million Position in Knife River Co. (NYSE:KNF)

Susquehanna Fundamental Investments LLC bought a new position in shares of Knife River Co. (NYSE:KNF) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,067 shares of the company’s stock, valued at approximately $1,688,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Knife River by 9.1% in the fourth quarter. Vanguard Group Inc. now owns 6,044,184 shares of the company’s stock worth $400,004,000 after acquiring an additional 503,892 shares during the period. Goldman Sachs Group Inc. raised its holdings in Knife River by 122.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 819,296 shares of the company’s stock worth $54,221,000 after purchasing an additional 450,574 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in Knife River by 48.0% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 1,150,473 shares of the company’s stock worth $76,138,000 after purchasing an additional 373,359 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Knife River by 12.2% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,064,224 shares of the company’s stock valued at $144,785,000 after purchasing an additional 224,373 shares during the period. Finally, BlackBarn Capital Partners LP purchased a new stake in shares of Knife River in the fourth quarter valued at approximately $8,934,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stephens started coverage on Knife River in a research report on Tuesday, June 18th. They set an “overweight” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.60.

Knife River Stock Performance

NYSE KNF opened at $88.49 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.51 and a quick ratio of 1.49. Knife River Co. has a 1-year low of $46.51 and a 1-year high of $93.77. The company has a market cap of $5.01 billion, a PE ratio of 28.55, a price-to-earnings-growth ratio of 2.17 and a beta of 0.81. The stock’s 50 day simple moving average is $79.24 and its 200-day simple moving average is $76.48.

Knife River (NYSE:KNF) last announced its earnings results on Tuesday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.13. The company had revenue of $806.90 million for the quarter, compared to analysts’ expectations of $803.81 million. Knife River had a net margin of 6.88% and a return on equity of 15.73%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, equities research analysts anticipate that Knife River Co. will post 3.72 EPS for the current fiscal year.

Knife River Profile

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.