Knife River Co. (NYSE:KNF) Shares Sold by Cladis Investment Advisory LLC

Cladis Investment Advisory LLC decreased its stake in Knife River Co. (NYSE:KNF) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,975 shares of the company’s stock after selling 2,400 shares during the period. Knife River makes up 1.4% of Cladis Investment Advisory LLC’s portfolio, making the stock its 16th biggest position. Cladis Investment Advisory LLC’s holdings in Knife River were worth $2,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of KNF. Verition Fund Management LLC boosted its holdings in Knife River by 130.8% in the third quarter. Verition Fund Management LLC now owns 15,983 shares of the company’s stock valued at $1,429,000 after purchasing an additional 9,057 shares during the last quarter. Captrust Financial Advisors lifted its position in Knife River by 2.9% in the 3rd quarter. Captrust Financial Advisors now owns 63,226 shares of the company’s stock valued at $5,652,000 after purchasing an additional 1,805 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Knife River during the third quarter worth approximately $1,332,000. PEAK6 Investments LLC raised its stake in shares of Knife River by 60.3% during the third quarter. PEAK6 Investments LLC now owns 46,413 shares of the company’s stock valued at $4,149,000 after purchasing an additional 17,454 shares in the last quarter. Finally, FORA Capital LLC lifted its stake in shares of Knife River by 88.9% in the 3rd quarter. FORA Capital LLC now owns 12,074 shares of the company’s stock worth $1,079,000 after acquiring an additional 5,681 shares during the period. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on KNF. DA Davidson upped their target price on Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Loop Capital lowered their price target on Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Oppenheimer increased their price target on shares of Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

Knife River Stock Performance

Shares of KNF opened at $103.50 on Monday. The firm has a 50-day moving average of $94.40 and a 200-day moving average of $81.61. Knife River Co. has a one year low of $58.92 and a one year high of $105.63. The company has a market cap of $5.86 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.78 and a beta of 0.74. 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 (NYSE:KNF) last issued its quarterly earnings results on Monday, November 4th. The company reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.22). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.12 billion. Knife River had a net margin of 6.89% and a return on equity of 15.22%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.58 earnings per share. As a group, equities analysts forecast that Knife River Co. will post 3.57 earnings per share for the current year.

Knife River Company 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.