Segall Bryant & Hamill LLC Sells 63,856 Shares of Knife River Corporation $KNF

Segall Bryant & Hamill LLC reduced its stake in Knife River Corporation (NYSE:KNF) by 43.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 83,865 shares of the company’s stock after selling 63,856 shares during the period. Segall Bryant & Hamill LLC owned 0.15% of Knife River worth $6,447,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Hantz Financial Services Inc. grew its stake in Knife River by 141.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 341 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Country Trust Bank bought a new stake in shares of Knife River during the second quarter worth approximately $40,000. Quent Capital LLC bought a new stake in shares of Knife River during the third quarter worth approximately $47,000. GHP Investment Advisors Inc. acquired a new position in shares of Knife River in the second quarter valued at approximately $48,000. Finally, Huntington National Bank increased its stake in shares of Knife River by 35.5% during the second quarter. Huntington National Bank now owns 703 shares of the company’s stock worth $57,000 after purchasing an additional 184 shares during the period. 80.11% of the stock is owned by institutional investors.

Knife River Trading Down 1.0%

KNF opened at $87.58 on Thursday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 2.04 and a beta of 0.27. The company has a quick ratio of 1.39, a current ratio of 2.54 and a debt-to-equity ratio of 0.70. Knife River Corporation has a twelve month low of $58.72 and a twelve month high of $103.18. The company has a 50-day simple moving average of $79.05 and a 200 day simple moving average of $75.49.

Knife River (NYSE:KNF) last released its earnings results on Tuesday, February 17th. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. Knife River had a net margin of 4.99% and a return on equity of 10.27%. The firm had revenue of $755.06 million for the quarter, compared to analyst estimates of $726.60 million. During the same period last year, the firm earned $0.41 EPS. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. Analysts predict that Knife River Corporation will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KNF. Royal Bank Of Canada boosted their price target on Knife River from $106.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Knife River from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Stephens raised their price target on shares of Knife River from $86.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 18th. Wells Fargo & Company downgraded shares of Knife River from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $75.00 to $81.00 in a report on Wednesday, February 18th. Finally, B. Riley Financial initiated coverage on shares of Knife River in a research report on Thursday, January 15th. They set a “buy” rating and a $92.00 target price on the stock. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Knife River presently has an average rating of “Moderate Buy” and a consensus target price of $96.43.

About Knife River

Knife River Corporation, headquartered in Bismarck, North Dakota, is a leading integrated construction materials and contracting company in the western United States. The company specializes in producing and supplying aggregates, asphalt mix, ready-mixed concrete and other heavy construction materials used in highway, commercial and residential projects.

In addition to material production, Knife River offers a comprehensive suite of contracting services, including heavy civil construction, road building, underground and open-pit mining and logistics support.