Knife River Co. (NYSE:KNF) Shares Purchased by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE boosted its holdings in shares of Knife River Co. (NYSE:KNF) by 6.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 89,248 shares of the company’s stock after purchasing an additional 5,613 shares during the period. Congress Wealth Management LLC DE owned approximately 0.16% of Knife River worth $9,071,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. State Street Corp grew its holdings in shares of Knife River by 1.8% during the third quarter. State Street Corp now owns 2,003,069 shares of the company’s stock worth $179,054,000 after buying an additional 34,646 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Knife River by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 1,337,273 shares of the company’s stock valued at $119,561,000 after purchasing an additional 26,198 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Knife River by 1,200.8% in the fourth quarter. American Century Companies Inc. now owns 887,680 shares of the company’s stock valued at $90,224,000 after purchasing an additional 819,439 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Knife River by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 699,333 shares of the company’s stock worth $62,513,000 after purchasing an additional 5,791 shares during the last quarter. Finally, Congress Asset Management Co. lifted its holdings in shares of Knife River by 2.5% during the fourth quarter. Congress Asset Management Co. now owns 696,245 shares of the company’s stock worth $70,766,000 after purchasing an additional 16,698 shares during the period. 80.11% of the stock is currently owned by institutional investors and hedge funds.

Knife River Stock Up 6.4 %

Shares of NYSE KNF opened at $96.91 on Tuesday. The stock has a market capitalization of $5.49 billion, a price-to-earnings ratio of 27.37, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83. The firm has a 50-day moving average price of $97.96 and a 200 day moving average price of $96.49. The company has a quick ratio of 1.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.45.

Knife River (NYSE:KNF) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The company had revenue of $657.20 million during the quarter, compared to the consensus estimate of $655.80 million. Knife River had a net margin of 6.96% and a return on equity of 14.82%. Equities research analysts anticipate that Knife River Co. will post 4.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KNF has been the subject of a number of analyst reports. Stephens restated an “overweight” rating and set a $120.00 price objective on shares of Knife River in a research report on Friday, February 14th. Wells Fargo & Company began coverage on shares of Knife River in a report on Monday, March 10th. They set an “overweight” rating and a $102.00 price target for the company. Finally, Oppenheimer lifted their price objective on Knife River from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $110.40.

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.