Lee Danner & Bass Inc. Acquires Shares of 1,075 Knife River Co. (NYSE:KNF)

Lee Danner & Bass Inc. acquired a new stake in Knife River Co. (NYSE:KNF) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,075 shares of the company’s stock, valued at approximately $109,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KNF. Larson Financial Group LLC increased its stake in Knife River by 58.6% in the 4th quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $43,000 after buying an additional 157 shares during the last quarter. GAMMA Investing LLC increased its stake in Knife River by 72.8% in the 4th quarter. GAMMA Investing LLC now owns 539 shares of the company’s stock valued at $55,000 after buying an additional 227 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Knife River in the 3rd quarter valued at about $60,000. Jones Financial Companies Lllp increased its stake in Knife River by 40.2% in the 4th quarter. Jones Financial Companies Lllp now owns 1,660 shares of the company’s stock valued at $169,000 after buying an additional 476 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in Knife River in the 4th quarter valued at about $203,000. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Oppenheimer raised their price target on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Stephens restated an “overweight” rating and set a $120.00 price target on shares of Knife River in a research note on Friday, February 14th. Finally, Wells Fargo & Company assumed coverage on shares of Knife River in a research note on Monday, March 10th. They set an “overweight” rating and a $102.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $110.40.

Knife River Trading Up 0.2 %

Shares of KNF stock opened at $91.07 on Friday. The company has a 50 day moving average of $97.93 and a 200-day moving average of $96.05. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45. Knife River Co. has a 12-month low of $66.13 and a 12-month high of $108.83. The firm has a market cap of $5.16 billion, a P/E ratio of 25.73, a PEG ratio of 2.36 and a beta of 0.88.

Knife River (NYSE:KNF) last released 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. Knife River had a net margin of 6.96% and a return on equity of 14.82%. The business had revenue of $657.20 million during the quarter, compared to analyst estimates of $655.80 million. Sell-side analysts anticipate that Knife River Co. will post 4.11 earnings per share 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.