1,125 Shares in Knife River Co. (NYSE:KNF) Acquired by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. acquired a new stake in shares of Knife River Co. (NYSE:KNF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,125 shares of the company’s stock, valued at approximately $114,000.

Other large investors have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in Knife River by 0.8% in the fourth quarter. Arizona State Retirement System now owns 15,609 shares of the company’s stock valued at $1,586,000 after buying an additional 124 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Knife River by 58.6% in the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock worth $43,000 after acquiring an additional 157 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Knife River by 1.1% in the 4th quarter. Private Advisor Group LLC now owns 15,696 shares of the company’s stock valued at $1,595,000 after purchasing an additional 170 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Knife River by 1.6% during the 4th quarter. Natixis Advisors LLC now owns 13,244 shares of the company’s stock valued at $1,346,000 after purchasing an additional 203 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in Knife River by 6.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 3,670 shares of the company’s stock worth $373,000 after purchasing an additional 224 shares in the last quarter. Institutional investors and hedge funds own 80.11% of the company’s stock.

Analyst Upgrades and Downgrades

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

Knife River Price Performance

Shares of NYSE:KNF opened at $89.59 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.64 and a current ratio of 2.67. Knife River Co. has a 52 week low of $66.13 and a 52 week high of $108.83. The firm has a market cap of $5.07 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 2.36 and a beta of 0.88. The firm’s fifty day moving average is $97.26 and its 200-day moving average is $96.99.

Knife River (NYSE:KNF) last announced its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. Knife River had a return on equity of 14.82% and a net margin of 6.96%. The firm had revenue of $657.20 million for the quarter, compared to the consensus estimate of $655.80 million. Sell-side analysts predict that Knife River Co. will post 4.11 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.