Knife River Co. (NYSE:KNF) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its stake in Knife River Co. (NYSE:KNF) by 2.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,367 shares of the company’s stock after selling 507 shares during the quarter. Yousif Capital Management LLC’s holdings in Knife River were worth $1,747,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KNF. Alliancebernstein L.P. raised its stake in shares of Knife River by 830.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,101,588 shares of the company’s stock valued at $111,965,000 after purchasing an additional 983,223 shares in the last quarter. American Century Companies Inc. raised its stake in Knife River by 1,200.8% during the fourth quarter. American Century Companies Inc. now owns 887,680 shares of the company’s stock worth $90,224,000 after acquiring an additional 819,439 shares during the period. Norges Bank acquired a new stake in Knife River during the fourth quarter worth about $66,631,000. Capital Research Global Investors raised its stake in Knife River by 45.2% during the fourth quarter. Capital Research Global Investors now owns 1,936,532 shares of the company’s stock worth $196,829,000 after acquiring an additional 603,170 shares during the period. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in Knife River during the fourth quarter worth about $46,750,000. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Price Performance

NYSE KNF opened at $82.66 on Tuesday. Knife River Co. has a 52 week low of $66.51 and a 52 week high of $108.83. The company has a current ratio of 2.67, a quick ratio of 1.64 and a debt-to-equity ratio of 0.45. The stock has a market cap of $4.68 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 2.36 and a beta of 0.84. The company has a 50-day moving average price of $93.34 and a two-hundred day moving average price of $96.70.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on KNF shares. Wells Fargo & Company increased their price objective on shares of Knife River from $102.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 13th. Royal Bank of Canada started coverage on shares of Knife River in a research note on Monday. They set an “outperform” rating and a $129.00 price objective on the stock. Finally, DA Davidson dropped their price objective on shares of Knife River from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, June 10th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Knife River has an average rating of “Buy” and an average target price of $117.17.

Knife River Company 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.