Hudson Value Partners LLC Purchases 2,042 Shares of Knife River Co. (NYSE:KNF)

Hudson Value Partners LLC increased its position in shares of Knife River Co. (NYSE:KNF) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,004 shares of the company’s stock after purchasing an additional 2,042 shares during the period. Knife River accounts for 2.0% of Hudson Value Partners LLC’s portfolio, making the stock its 15th largest holding. Hudson Value Partners LLC’s holdings in Knife River were worth $5,489,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. abrdn plc purchased a new position in shares of Knife River in the 3rd quarter worth $22,934,000. Hotchkis & Wiley Capital Management LLC bought a new stake in Knife River during the 3rd quarter valued at about $10,267,000. Barclays PLC raised its holdings in shares of Knife River by 156.2% in the 3rd quarter. Barclays PLC now owns 170,101 shares of the company’s stock valued at $15,205,000 after purchasing an additional 103,713 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Knife River by 12,902.2% in the 3rd quarter. International Assets Investment Management LLC now owns 71,512 shares of the company’s stock valued at $6,392,000 after purchasing an additional 70,962 shares in the last quarter. Finally, Congress Asset Management Co. raised its holdings in shares of Knife River by 10.7% in the 3rd quarter. Congress Asset Management Co. now owns 679,547 shares of the company’s stock valued at $60,745,000 after purchasing an additional 65,930 shares in the last quarter. 80.11% of the stock is currently owned by institutional investors.

Knife River Price Performance

Shares of KNF opened at $105.19 on Wednesday. Knife River Co. has a 1-year low of $66.13 and a 1-year high of $108.83. The stock has a market cap of $5.95 billion, a PE ratio of 29.71, a P/E/G ratio of 2.35 and a beta of 0.76. The firm has a 50-day simple moving average of $102.31 and a two-hundred day simple moving average of $93.34. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.67 and a quick ratio of 1.64.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. As a group, analysts forecast that Knife River Co. will post 4.16 EPS for the current year.

Analyst Upgrades and Downgrades

KNF has been the subject of several recent analyst reports. Loop Capital reduced their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Stephens reissued an “overweight” rating and set a $120.00 target price on shares of Knife River in a research report on Friday, February 14th. Oppenheimer boosted 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, DA Davidson boosted their target price on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Knife River currently has a consensus rating of “Moderate Buy” and an average target price of $112.50.

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.