Advisors Asset Management Inc. Sells 288 Shares of Knife River Co. (NYSE:KNF)

Advisors Asset Management Inc. lowered its holdings in shares of Knife River Co. (NYSE:KNF) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,921 shares of the company’s stock after selling 288 shares during the period. Advisors Asset Management Inc.’s holdings in Knife River were worth $440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Knife River by 129.4% during the third quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock valued at $28,000 after purchasing an additional 176 shares during the last quarter. Huntington National Bank raised its stake in Knife River by 586.0% during the third quarter. Huntington National Bank now owns 343 shares of the company’s stock valued at $31,000 after buying an additional 293 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Knife River during the second quarter valued at $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Knife River in the second quarter worth $43,000. Finally, Sittner & Nelson LLC grew its stake in shares of Knife River by 18.5% in the third quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock worth $86,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analyst Ratings Changes

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

Knife River Stock Performance

Shares of KNF stock opened at $102.73 on Thursday. The company has a quick ratio of 1.91, a current ratio of 2.72 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $93.92 and a 200-day moving average price of $81.23. Knife River Co. has a 52 week low of $58.92 and a 52 week high of $105.63. The firm has a market capitalization of $5.82 billion, a PE ratio of 29.43, a P/E/G ratio of 2.80 and a beta of 0.74.

Knife River (NYSE:KNF) last posted its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 15.22% and a net margin of 6.89%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period last year, the firm posted $2.58 EPS. As a group, equities research analysts expect that Knife River Co. will post 3.57 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.