Register Financial Advisors LLC Has $1.99 Million Position in Knife River Co. (NYSE:KNF)

Register Financial Advisors LLC cut its position in Knife River Co. (NYSE:KNF) by 27.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,504 shares of the company’s stock after selling 9,314 shares during the period. Knife River comprises about 1.0% of Register Financial Advisors LLC’s portfolio, making the stock its 22nd largest position. Register Financial Advisors LLC’s holdings in Knife River were worth $1,987,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Knife River by 9.1% during the 4th quarter. Vanguard Group Inc. now owns 6,044,184 shares of the company’s stock worth $400,004,000 after buying an additional 503,892 shares during the period. Dimensional Fund Advisors LP lifted its position in Knife River by 16.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,398,360 shares of the company’s stock valued at $92,546,000 after acquiring an additional 199,389 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in Knife River by 48.0% in the 4th 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 during the period. Schonfeld Strategic Advisors LLC increased its holdings in Knife River by 19.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,120,623 shares of the company’s stock worth $54,720,000 after purchasing an additional 184,192 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Knife River by 122.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 819,296 shares of the company’s stock valued at $54,221,000 after purchasing an additional 450,574 shares during the period. 80.11% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Stephens began coverage on Knife River in a research report on Tuesday, June 18th. They set an “overweight” rating and a $85.00 price objective for the company. Wolfe Research began coverage on shares of Knife River in a report on Friday, March 8th. They issued a “peer perform” rating on the stock. Finally, Oppenheimer increased their target price on shares of Knife River from $75.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.67.

Knife River Stock Performance

NYSE KNF traded up $0.08 on Friday, hitting $70.14. 2,720,521 shares of the stock were exchanged, compared to its average volume of 398,996. The business’s fifty day moving average is $73.26 and its 200 day moving average is $71.69. Knife River Co. has a 52 week low of $41.53 and a 52 week high of $83.78. The company has a market capitalization of $3.97 billion and a PE ratio of 22.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.75 and a quick ratio of 1.49.

Knife River (NYSE:KNF) last issued its earnings results on Tuesday, May 7th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.80) by ($0.04). The firm had revenue of $329.60 million during the quarter, compared to analyst estimates of $300.98 million. Knife River had a net margin of 6.19% and a return on equity of 14.65%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted ($516.50) earnings per share. Research analysts anticipate that Knife River Co. will post 3.52 EPS for the current fiscal year.

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.