Hilltop National Bank Cuts Holdings in Knife River Co. (NYSE:KNF)

Hilltop National Bank lessened its stake in Knife River Co. (NYSE:KNF) by 22.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 642 shares of the company’s stock after selling 187 shares during the period. Hilltop National Bank’s holdings in Knife River were worth $65,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oliver Luxxe Assets LLC lifted its holdings in shares of Knife River by 5.2% in the 4th quarter. Oliver Luxxe Assets LLC now owns 34,300 shares of the company’s stock worth $3,486,000 after acquiring an additional 1,708 shares during the last quarter. GAMMA Investing LLC raised its holdings in Knife River by 72.8% during 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. JPMorgan Chase & Co. raised its holdings in Knife River by 31.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 209,136 shares of the company’s stock valued at $18,695,000 after buying an additional 49,785 shares during the last quarter. Franklin Resources Inc. raised its holdings in Knife River by 10.5% during the 3rd quarter. Franklin Resources Inc. now owns 421,458 shares of the company’s stock valued at $38,201,000 after buying an additional 39,991 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in Knife River by 125.7% during the 3rd quarter. Tidal Investments LLC now owns 9,623 shares of the company’s stock valued at $860,000 after buying an additional 5,360 shares during the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on KNF. Oppenheimer upped their price objective on shares of Knife River from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Loop Capital decreased their price objective on shares of Knife River from $105.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Finally, DA Davidson upped their price objective on shares of Knife River from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.75.

Knife River Stock Down 3.1 %

NYSE:KNF opened at $95.23 on Friday. The firm’s 50-day moving average price is $100.89 and its 200-day moving average price is $88.08. The company has a market capitalization of $5.39 billion, a PE ratio of 27.29, a P/E/G ratio of 2.81 and a beta of 0.78. 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 Co. has a 1-year low of $61.82 and a 1-year high of $108.39.

Knife River (NYSE:KNF) last announced its quarterly earnings data on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). Knife River had a net margin of 6.89% and a return on equity of 15.22%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period last year, the company posted $2.58 earnings per share. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. On average, equities analysts predict that Knife River Co. will post 3.49 EPS for the current fiscal 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.