Captrust Financial Advisors Has $5.65 Million Stock Holdings in Knife River Co. (NYSE:KNF)

Captrust Financial Advisors lifted its stake in Knife River Co. (NYSE:KNF) by 2.9% in the third quarter, HoldingsChannel reports. The firm owned 63,226 shares of the company’s stock after purchasing an additional 1,805 shares during the period. Captrust Financial Advisors’ holdings in Knife River were worth $5,652,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Comerica Bank boosted its holdings in shares of Knife River by 59.2% in the first quarter. Comerica Bank now owns 42,635 shares of the company’s stock worth $3,457,000 after buying an additional 15,848 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Knife River by 311.5% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,381 shares of the company’s stock worth $1,009,000 after purchasing an additional 10,886 shares during the period. Ausbil Investment Management Ltd grew its position in Knife River by 599.5% during the 3rd quarter. Ausbil Investment Management Ltd now owns 19,579 shares of the company’s stock worth $1,750,000 after purchasing an additional 16,780 shares in the last quarter. Chesapeake Capital Corp IL acquired a new stake in Knife River during the 3rd quarter valued at $567,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Knife River by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock valued at $62,513,000 after purchasing an additional 5,791 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

KNF has been the topic of a number of research analyst reports. 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 report on Tuesday, November 5th. Oppenheimer upped their target price on Knife River from $85.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Finally, DA Davidson raised their price target 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 six have assigned a buy rating to the company. According to MarketBeat, Knife River presently has an average rating of “Moderate Buy” and a consensus price target of $93.67.

Knife River Stock Down 1.1 %

Shares of Knife River stock opened at $102.38 on Tuesday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 29.34, a P/E/G ratio of 2.78 and a beta of 0.74. The stock has a 50-day simple moving average of $94.67 and a 200-day simple moving average of $81.81. Knife River Co. has a 52-week low of $60.04 and a 52-week high of $105.63. 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 posted its earnings results on Monday, November 4th. The company reported $2.60 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.22). The business 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 business’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.58 earnings per share. On average, equities research analysts expect that Knife River Co. will post 3.57 earnings per share for the current fiscal year.

About Knife River

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.