UBS Group AG Has $11.82 Million Holdings in Knife River Corporation $KNF

UBS Group AG lessened its holdings in Knife River Corporation (NYSE:KNF) by 46.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,986 shares of the company’s stock after selling 145,476 shares during the period. UBS Group AG owned about 0.30% of Knife River worth $11,818,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cornerstone Investment Partners LLC raised its holdings in shares of Knife River by 5.8% in the 3rd quarter. Cornerstone Investment Partners LLC now owns 2,941 shares of the company’s stock worth $226,000 after acquiring an additional 161 shares during the last quarter. GAMMA Investing LLC increased its stake in Knife River by 34.8% in the 4th quarter. GAMMA Investing LLC now owns 685 shares of the company’s stock valued at $48,000 after buying an additional 177 shares during the last quarter. Hantz Financial Services Inc. increased 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. Allied Investment Advisors LLC increased its stake in Knife River by 4.6% in the 3rd quarter. Allied Investment Advisors LLC now owns 4,722 shares of the company’s stock valued at $363,000 after buying an additional 206 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in Knife River by 6.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,705 shares of the company’s stock valued at $285,000 after buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Knife River Trading Down 5.2%

Shares of KNF stock opened at $75.77 on Friday. The company has a 50 day moving average of $83.76 and a 200-day moving average of $78.35. The company has a quick ratio of 1.31, a current ratio of 2.67 and a debt-to-equity ratio of 0.91. Knife River Corporation has a 12-month low of $58.72 and a 12-month high of $101.10. The firm has a market cap of $4.30 billion, a P/E ratio of 29.48, a PEG ratio of 1.43 and a beta of 0.55.

Knife River (NYSE:KNF) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($1.40) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $0.02. Knife River had a net margin of 4.58% and a return on equity of 9.35%. The company had revenue of $410.13 million during the quarter, compared to analyst estimates of $387.06 million. During the same quarter last year, the business posted ($1.21) EPS. Knife River’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Knife River Corporation will post 3.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KNF has been the subject of several analyst reports. Royal Bank Of Canada increased their price objective on shares of Knife River from $106.00 to $109.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. JPMorgan Chase & Co. increased their price objective on shares of Knife River from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered shares of Knife River from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 6th. DA Davidson increased their price objective on shares of Knife River from $95.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Knife River from $81.00 to $80.00 and set an “underweight” rating for the company in a research note on Wednesday, April 15th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $98.00.

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.