Knife River Co. (NYSE:KNF) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of Knife River Co. (NYSE:KNF) by 5.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,500 shares of the company’s stock after selling 1,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Knife River were worth $2,190,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Knife River by 129.4% during the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after acquiring an additional 176 shares in the last quarter. Huntington National Bank lifted its position in Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company’s stock worth $31,000 after buying an additional 293 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Knife River during the 2nd quarter worth about $39,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Knife River during the second quarter worth approximately $43,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in Knife River during the third quarter valued at about $60,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KNF. Oppenheimer boosted their price objective on shares of Knife River from $85.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. DA Davidson raised their price objective on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Loop Capital lowered their price objective on Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Knife River presently has an average rating of “Moderate Buy” and an average price target of $93.67.

Knife River Price Performance

NYSE KNF opened at $103.50 on Friday. The company has a 50-day moving average price of $94.40 and a two-hundred day moving average price of $81.59. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 29.66, a price-to-earnings-growth ratio of 2.76 and a beta of 0.74. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46. Knife River Co. has a 52 week low of $58.92 and a 52 week high of $105.63.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. Knife River’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the business posted $2.58 earnings per share. Analysts forecast that Knife River Co. will post 3.57 EPS for the current 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.