Cetera Investment Advisers Buys 1,234 Shares of Knife River Co. (NYSE:KNF)

Cetera Investment Advisers grew its holdings in shares of Knife River Co. (NYSE:KNF) by 14.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,782 shares of the company’s stock after purchasing an additional 1,234 shares during the quarter. Cetera Investment Advisers’ holdings in Knife River were worth $994,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Larson Financial Group LLC boosted its stake in Knife River by 58.6% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after buying an additional 157 shares during the period. Johnson Financial Group Inc. purchased a new position in shares of Knife River during the fourth quarter valued at approximately $79,000. Lee Danner & Bass Inc. purchased a new stake in shares of Knife River in the 4th quarter worth about $109,000. Physician Wealth Advisors Inc. purchased a new position in shares of Knife River during the 4th quarter worth approximately $114,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Knife River by 40.2% during the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after buying an additional 476 shares in the last quarter. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KNF has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Knife River from $102.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 13th. Stephens reissued an “overweight” rating and set a $120.00 price target on shares of Knife River in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Knife River presently has an average rating of “Buy” and an average target price of $112.80.

Knife River Price Performance

Shares of NYSE:KNF opened at $96.11 on Friday. Knife River Co. has a fifty-two week low of $66.13 and a fifty-two 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 firm has a fifty day moving average price of $93.23 and a 200 day moving average price of $97.55. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 2.36 and a beta of 0.96.

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