Golden State Wealth Management LLC Buys New Shares in Knife River Co. (NYSE:KNF)

Golden State Wealth Management LLC purchased a new position in Knife River Co. (NYSE:KNF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,758 shares of the company’s stock, valued at approximately $382,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Angeles Wealth Management LLC grew its position in Knife River by 1.5% during the third quarter. Angeles Wealth Management LLC now owns 8,500 shares of the company’s stock valued at $760,000 after acquiring an additional 125 shares during the period. Sittner & Nelson LLC lifted its stake in shares of Knife River by 18.5% in the 3rd quarter. Sittner & Nelson LLC now owns 960 shares of the company’s stock valued at $86,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd lifted its stake in shares of Knife River by 13.2% in the 3rd quarter. Covestor Ltd now owns 1,288 shares of the company’s stock valued at $115,000 after purchasing an additional 150 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Knife River by 129.4% during the 3rd quarter. GAMMA Investing LLC now owns 312 shares of the company’s stock worth $28,000 after purchasing an additional 176 shares during the period. Finally, LVW Advisors LLC increased its position in Knife River by 3.3% during the 3rd quarter. LVW Advisors LLC now owns 6,027 shares of the company’s stock worth $539,000 after purchasing an additional 195 shares in the last quarter. Hedge funds and other institutional investors own 80.11% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Loop Capital reduced their price target on shares of Knife River from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. DA Davidson lifted their target price on shares of Knife River from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Oppenheimer increased their price target on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Knife River presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.75.

Knife River Stock Down 1.7 %

Knife River stock opened at $102.75 on Friday. The company’s 50-day moving average price is $102.65 and its two-hundred day moving average price is $92.05. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 29.44, a PEG ratio of 2.39 and a beta of 0.76. Knife River Co. has a 52 week low of $65.67 and a 52 week high of $108.83. The company has a current ratio of 2.72, a quick ratio of 1.91 and a debt-to-equity ratio of 0.46.

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.