Janus Henderson Group PLC Sells 1,300 Shares of Knife River Co. (NYSE:KNF)

Janus Henderson Group PLC reduced its stake in Knife River Co. (NYSE:KNF) by 5.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,670 shares of the company’s stock after selling 1,300 shares during the quarter. Janus Henderson Group PLC’s holdings in Knife River were worth $2,510,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC lifted its stake in shares of Knife River by 156.2% in the third quarter. Barclays PLC now owns 170,101 shares of the company’s stock worth $15,205,000 after buying an additional 103,713 shares during the last quarter. Drive Wealth Management LLC acquired a new position in Knife River during the 4th quarter worth $2,062,000. KBC Group NV lifted its position in Knife River by 37.7% during the 4th quarter. KBC Group NV now owns 2,427 shares of the company’s stock worth $247,000 after acquiring an additional 664 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Knife River by 38.4% during the fourth quarter. Pacer Advisors Inc. now owns 11,497 shares of the company’s stock valued at $1,169,000 after acquiring an additional 3,192 shares during the period. Finally, Moody Aldrich Partners LLC grew its position in shares of Knife River by 28.0% in the fourth quarter. Moody Aldrich Partners LLC now owns 85,622 shares of the company’s stock valued at $8,703,000 after purchasing an additional 18,745 shares during the last quarter. Institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

KNF has been the subject of a number of research analyst reports. Stephens reiterated an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Wells Fargo & Company upped their target price on shares of Knife River from $102.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $112.80.

Knife River Stock Down 1.2%

Shares of NYSE KNF opened at $99.49 on Wednesday. Knife River Co. has a 52-week low of $66.13 and a 52-week high of $108.83. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. The business has a fifty day moving average of $93.02 and a two-hundred day moving average of $97.47. The stock has a market cap of $5.64 billion, a PE ratio of 28.10, a PEG ratio of 2.36 and a beta of 0.96.

Knife River (NYSE:KNF) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($1.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.89) by ($0.32). The firm had revenue of $353.50 million for the quarter, compared to the consensus estimate of $343.98 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned ($0.84) earnings per share. As a group, equities research analysts expect that Knife River Co. will post 4.11 earnings per share 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.