Greenwood Capital Associates LLC Sells 2,067 Shares of Knife River Co. (NYSE:KNF)

Greenwood Capital Associates LLC decreased its holdings in shares of Knife River Co. (NYSE:KNF) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,626 shares of the company’s stock after selling 2,067 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Knife River were worth $673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Longboard Asset Management LP bought a new stake in shares of Knife River during the 4th quarter valued at approximately $208,000. Calamos Advisors LLC increased its holdings in shares of Knife River by 217.9% during the fourth quarter. Calamos Advisors LLC now owns 15,875 shares of the company’s stock worth $1,614,000 after buying an additional 10,881 shares in the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of Knife River in the 4th quarter valued at $223,000. Clear Creek Financial Management LLC boosted its holdings in shares of Knife River by 8.7% during the 4th quarter. Clear Creek Financial Management LLC now owns 8,005 shares of the company’s stock valued at $814,000 after acquiring an additional 638 shares in the last quarter. Finally, OLD National Bancorp IN bought a new stake in Knife River during the 4th quarter worth $217,000. Institutional investors own 80.11% of the company’s stock.

Knife River Stock Performance

Shares of KNF stock opened at $102.41 on Wednesday. The stock has a market capitalization of $5.80 billion, a PE ratio of 29.34, a PEG ratio of 2.39 and a beta of 0.76. The business’s 50 day simple moving average is $102.61 and its 200 day simple moving average is $91.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.72 and a quick ratio of 1.91. Knife River Co. has a one year low of $65.65 and a one year high of $108.83.

Knife River (NYSE:KNF) last posted its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.22). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.58 earnings per share. As a group, research analysts forecast that Knife River Co. will post 3.49 earnings per share for the current year.

Analyst Ratings Changes

KNF has been the topic of a number of recent research reports. DA Davidson lifted their price target on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer lifted their target price on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Loop Capital decreased their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $103.75.

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.